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ATM


ATM

ATM stands for Automated Teller Machine, which essentially handles most of the banking duties a teller would - such as deposits and withdrawals. ATMs can only be used with an active debit/credit card, and in most states, EBT cards.

About ATM

The Automated Teller Machine first surfaced in 1961 in New York City, but was taken out six months later due to lack of customer interest in the technology. At the time, though, the machine only accepted deposits as opposed to withdrawals. It wasn't until 1966 in Toyko that the first ATM that had the capability of cash withdrawals was rolled out and was met with immense customer satisfaction.

Throughout the years, the overall functions of the ATM have evolved, which makes banking much easier both on the tellers and consumers.

Just about every established country in the world has thousands, if not millions, of ATM locations.

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