ATM stands for Automated Teller Machine, which is a computerized device that enables bank customers to perform various financial transactions without the need for personal interaction with bank staff. These transactions include withdrawing cash, depositing money, checking account balances, transferring funds between accounts, and paying bills. ATMs are typically accessible 24/7 and can be found in various locations such as banks, shopping centers, and airports. They use a combination of magnetic stripe cards and personal identification numbers (PIN) to ensure secure access to accounts. With the rise of digital banking, some ATMs now offer additional services like mobile phone top-ups and currency exchange.
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