The Full form of ATM is Automated Teller Machine.
ATM Full Form
The Full sort of ATM is Automated Teller Machine. ATM is an electro-mechanical machine that’s used for creating financial transactions from a checking account. These machines are wont to withdraw money from personal bank accounts. Like during a bank branch the cashier, officially referred to as teller counts cash and handover it to the customer, within the same manner machine does it for you. Hence, it’s called “Automated Teller Machine”. It allows the cardholder to draw money from his personal checking account without getting to the bank. This makes banking process very easy because these cash machine machines are automatic and there’s no need for the human cashier for the transaction.
The ATM machine is often of two types; one with basic functions where you’ll withdraw cash and another one with more advanced functions where you’ll also deposit cash. Now a day, ATM features a lot of functionalities alongside its basic use of money dispensing. a number of them are cash and check deposit, Fund transfer, cash withdrawal and balance enquiry, new PIN generation and PIN change, mini statement, bill payments and mobile recharge etc. the primary ATM was introduced by Chemical bank at ny (USA) in 1969.
