ATM Full Form: Things You Should Know
ATM simply stands for Automated Teller Machine. In other words, this machine performs the work of a bank teller by dispensing and accepting cash. It also receives cheques.

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The following four facts will help you know how this gadget works, what it can do and what its main parts are.

WHAT IT IS

ATM, as the word denotes, makes it possible for you to deposit or withdraw money without visiting a banking hall. You can find ATMs near entrances of the banks or even in places where there are no banks but largely frequented by people who are likely to transact.

PARTS OF ATM

ATM is basically like a computer. It has a processor, input devices, and output devices.

Input devices include the card reader where you insert, drop or swipe your card and the keypad where you key in your password. Some ATMs have a slot for accepting cheques and cash.

Output devices consist of a speaker, screen, receipt printer, and the cash dispenser. It is easy to see these parts of an ATM.

HOW ATM OPERATES

It is easy to operate an ATM. Depending on the type of the ATM, you either have to insert, drop, or swipe the card in the card slot. Next, you key in your password, and you are ready to transact. The interactive dialog box will aid you to perform all your transactions seamlessly.

It is imperative to ensure that you are safe as you collect your cash. After you have confirmed your transaction, the ATM will dispatch your card first and then release the money. Remember to collect the receipt of the transaction from the receipt dispenser before you leave.

Now that you know the ATM full form, you have one less tiny thing to think about. When using an ATM, be sure to make quick, safe, and smart transactions. It is annoying to join a queue in the banking halls especially when you are making a deposit. But it will be all the more annoying if you don’t practice caution and end up with troubles along the way, so do mind caution and transact safely.