ATM Full Form: What is ATM full form

An ATM machine is a computer-linked device that automatically dispenses money from your bank account. Some ATMs can also be used to transfer funds between accounts, make deposits, and buy money orders and traveler’s checks.

The ATM machine has made it possible for banks to expand their hours of operation and for customers to access their funds when they need them.

The invention of the Automatic Teller Machine, or ATM, is also one of the most popular financial innovations of all time. No longer do people have to carry around large amounts of cash in order to conduct their day-to-day banking activities.

In many cases, you can get cash out of an ATM machine 24 hours a day, and seven days a week. If you do not have an ATM card, then the fee for using an ATM may be higher than if you use your own bank’s ATMs.

Where are ATMs located

1. The first ATMs were invented back in 1967 by John Shepherd-Barron

2. Today, there are over 4 million ATMs around the world

3. There are more than 1 billion people who use an ATM every day

4. Most ATMs can be found at banks and they come in two varieties – those with a drive-through lane and those that require you to walk up to them

5. There is no one single place where all of the world’s ATMs can be found because some countries have more or less of them than others do

6. It was not until 1976 when it became possible for customers to withdraw money from their own accounts if they had lost their bank cards or PIN numbers

7. The ATM was not designed to help people steal money and it does not just give out cash at random either

8. Almost everyone prefers using ATMs over talking to a bank teller because they are faster and often open on weekends too (not all of them do)

9. Since the number of ATMs increased drastically, there has also been a rise in ATM robbery

10. In fact, about $400 million is stolen from ATMs every year

11. Many other crimes besides robberies are also committed near ATMs because people tend to leave their valuables unattended while they withdraw money

12. If you need more information on how ATMs work, the following website provides step-by-step instructions on how to use an ATM:

How to use an ATM

An Automatic Teller Machine, or ATM, is an electronic device that provides online banking services. This machine allows people to withdraw money from their accounts without going into the bank and having to speak to a teller.

The ATM does not dispense cash, and instead can be used for such functions as withdrawing funds, depositing checks and paying bills.

One of the most important precautions you should take when using an ATM is to shield your hands and personal identification number (PIN) from view with a coat, bag, etc.

Some ATMs may also ask for your driver’s license or similar identification card during transaction if the account holder has set this up on their bank account.

Before using the ATM, you should call your bank and make sure that they do have an ATM in the area and that it is functional.

It is also vital to know what kind of machine you are using with regard to fees. The majority of ATMs charge a fee for using their services, which can be taken out automatically or at the time of withdrawal.

Where applicable, you should know what costs will be incurred, and to avoid any overdrafts or overdraft fees.

Some ATMs also give a warning when you reach a certain limit with regard to cash withdrawals or deposits, and they may not allow further transactions in such cases until the account has been balanced again through additional banking activities.

The history of the ATM machine

The history of the ATM machine dates back to 1967 when a British scientist James Goodfellow created “The Bankograph”. Goodfellow had the idea to create a machine that anyone would be able to use to perform transactions such as money transfers, deposits, withdrawals and checks. Several years later in 1972, the first ATM was installed in a Chemical Bank branch in New York City.

Types of ATMs and their uses (cash, deposit, etc.)

Cash: ATMs offer a variety of ways to access cash. You might be able to withdraw money from an ATM, use it for international cash withdrawals, or transfer money between your accounts.

Deposit: Withdrawing cash isn’t the only thing ATMs do – you can also deposit checks and receive other forms of payment like direct deposit. If you need to get cash at the last minute, you might be out of luck with an ATM in your bank’s lobby. Check out the app later in this article for more information on this topic.

Tips for using ATMs responsibly (avoiding scams)

-The conversion from machine to paper money is automatic, so take your bills out of the ATM as soon as you get them.

-Be wary of anyone approaching you while at an ATM, and drive away if they ask for money or your PIN number.

-Report any suspicious behaviour in and around ATMs to the police or bank staff by pressing a panic button.

-When you use a debit card, choose either to withdraw cash or make a deposit.

-When you use a credit card, choose either to withdraw cash or make a withdrawal.

-ATMs in hotel lobbies and at gas stations are often more expensive than using bank ATMs.

-Check your machine for any problems before you start, and if there is a problem, report it to the nearest staff member as soon as possible.

-If your card gets stuck inside the ATM, call for help; don’t try to retrieve it yourself.

-Choose an ATM with the shortest lines, even if it isn’t your bank’s machine, and don’t use one when you know there will be long line-ups ahead of you.

-You should not chase after a ball from an ATM that has fallen out; instead, take note of which bank ATM it was from and tell an employee that you found the ball there.

-You will need to enter your card’s PIN number, so make sure no one can see you entering it.

-Be wary of people with large hands standing too close to machines as they may try to fool you into thinking that they are about to do something, then try to make you hurry up and enter the wrong PIN number.

-People with disabilities can ask for assistance when using ATMs at banks or post offices; generally, there are shorter line-ups at these locations.

-Once a month, check your account statement to ensure that all transactions have been entered correctly and that there are no fraud charges or overdrawn fees.

-If you have just checked your account statement and notice any transactions that you don’t recognize, contact the bank immediately.

-Use text messaging systems to notify your financial institution as soon as possible of any fraudulent charges to your ATM card.

Future innovations in banking technology that could replace the ATM machine altogether

Some experts say that future innovations in banking technology could eliminate the need for ATMs altogether. A few of these are mentioned below:

* Mobile Payment Systems – this would allow people to use their phone as their bank card to make payments and transfer money, which means they wouldn’t have to carry their cards with them at all.

* Self-Serve Kiosks – while these would still require a cashier for some transactions, users could also access their account on screen and perform tasks like paying bills or transferring money; which may eventually replace the ATM altogether.

* Smartphones with Near Field Communication (NFC) – this would be a combination of the mobile payment system and self-serve kiosk, as users could perform some tasks on their phone while still needing to speak with a cashier for others.

* QR Codes – meaning Quick Response codes, they are small barcodes that can be read by smartphones. People could use their phone to scan a QR code to perform transactions at the bank without needing an ATM or any dealing with staff.

* Text Banking – this would allow people to send short messages from their phone to ask certain questions of customer service, such as “How much money is in my account?” The text message could then be sent directly to the bank, which would be able to give the user an answer.

* Biometrics – this is another way for users to verify their identity. Right now when you withdraw money from an ATM you are required to put in your PIN number or swipe a card and type in a code from it into the keypad on the machine. The biometrics system would allow for a much more reliable way of identifying yourself as you. 

* Augmented Reality – apps that use augmented reality to show people what their balance will be before they withdraw money, which could eliminate the need to go inside the bank at all and would make it easier for users who are unable to physically access a bank.

* Self-Service Banking – this could be done with the mobile payment or self-service kiosk systems; where users could check their balance and perform certain transactions themselves, but would still need to speak with a cashier for any complex issues. 

Some of these are already available in limited areas while others are not yet available at all.

To be a bank teller in the next generation could potentially mean having to deal with technology instead of people!

And as for ATM, it could eventually just become ATM full form where they have to know what these new technological innovations do.

Basic Parts of ATM

ATMs have three basic parts:

Input device

Card reader – It reads the card and send the data to ATM for processing.

Keypad –  It is the place where the customer enters his/her PIN code.

Output Devices

Speaker – The speaker informs the customer about the action that is being carried out by ATM; also the speaker alerts the customer at any stage of transaction.

Display Screen – This gives information which includes account balance, amount to be withdrawn, options have been selected and any other error message.

Receipt Printer – This gives the customer a receipt for proof of transaction.

Cash Dispenser –  The cash dispenser that is located in the right hand side of ATM, ejects the requested cash and puts it into customer’s envelope when the “Cash” option has been selected on ATM.

Functionality of ATM

ATM has two main functionality, one is the withdrawal functionality and other is deposit.  

Withdrawal functionality includes different mode such as cash withdrawal, balance enquiry etc.

Deposit include things like cheque deposit, PPF account deposit (Public Provident Fund) and so on.

Some ATM’s have additional functionalities for withdrawal of money like requesting a top up on your mobile phone.  

Prons and cones of ATM


– You are able to get your funds without having to wait on the bank teller.

– You don’t need any cash to use the ATM machine.

– If you have a lot of money in your account, then you can just walk up to the machine and withdraw all of it at once.

– It’s safer than carrying money with you.

– The ATM lets you check your balance and see what transactions have been made against your account.


– It isn’t safe if you leave your card in the machine.

– You may be charged a fee for withdrawing money outside of normal business hours.

– Your account might carry a charge for outside withdrawals, depending on whether or not there is an agreement between your bank and another institution.

– It is not a replacement for banks.

– Although ATM’s can be used in any country, some of them have hidden fees that you may or may not know about.

– Many ATM machines are now closed on Sundays due to the ever increasing demand for bank services and products.

In this in-depth article, you’ll learn how the ATM abbreviation stands for and what it does. Simply put, it is a machine that allows people to withdraw money from their account when they need to. The Automatic Teller Machine (ATM) has been around since 1967 and has undergone many changes over time as technology advances. Today there are more ATMs than ever before with new innovations being made every day; which could potentially lead to bank tellers having nothing left to do! Some of these include augmented reality apps or self service banking options at mobile payment kiosks where users can check their balance themselves but still must speak with cashiers for any complex issues.

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