Editing ATM (section)

{{Short description|Device used to perform financial transactions}}
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{{Redirect-several|Cash machine|Money machine|ATM}}
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[[File:Früher Bankautomat von Nixdorf.jpg|thumb|An old [[Nixdorf Computer AG|Nixdorf]] ATM]]
[[File:ICAs uttagsautomat ICA Metro Skanstull Stockholm 2005-07-18.jpg|thumb|right|Smaller indoor ATMs dispense money inside [[convenience store]]s and other busy areas, such as this off-premises [[Wincor Nixdorf]] mono-function ICA ATM in Sweden.]]
An '''automated teller machine''' ('''ATM''') is an electronic [[telecommunications]] device that enables customers of [[financial institution]]s to perform [[financial transaction]]s, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

ATMs are known by a variety of other names, including '''automatic teller machines (ATMs)''' in the United States<ref>{{cite book|title=Merriam-Webster Dictionary|publisher=Merriam-Webster|location=Springfield, MA|url=http://www.merriam-webster.com/dictionary/automatic%20teller%20machine|access-date=7 January 2017|url-status=live|archive-url=https://web.archive.org/web/20170812213416/https://www.merriam-webster.com/dictionary/automatic%20teller%20machine|archive-date=12 August 2017}}</ref><ref>{{cite web |title=FNSRTS307A - Maintain Automatic Teller Machine (ATM) services |url=https://training.gov.au/Training/Details/FNSRTS307A |url-status=live |archive-url=https://web.archive.org/web/20140407070931/https://training.gov.au/Training/Details/FNSRTS307A |archive-date=7 April 2014 |website=training.gov.au}}</ref><ref>[http://dictionary.cambridge.org/dictionary/british/automatic-teller-machine Cambridge Dictionary ''Automatic Teller Machine''] {{webarchive|url=https://web.archive.org/web/20140407090534/http://dictionary.cambridge.org/dictionary/british/automatic-teller-machine |date=7 April 2014 }}</ref> (sometimes [[RAS syndrome|redundantly]] as "ATM machine"). In Canada, the term '''automated banking machine (ABM)''' is also used,<ref>{{cite web|url=http://www.interac.ca/en/faq/faq/136-what-is-interac-cash-2.html|title=Interac FAQ|publisher=Interac Association|access-date=28 January 2018}}</ref><ref>{{cite web |title=Automated Banking Machine (ABM) |url=http://www.scotiabank.com/ca/en/0,,316,00.html |url-status=live |archive-url=https://web.archive.org/web/20221126090440/https://www.scotiabank.com/ca/en/personal/bank-your-way/other-ways-to-bank/automated-banking-machines.html |archive-date=Nov 26, 2022 |website=Scotiabank}}</ref> although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM.<ref>{{Cite web |last=Financial Consumer Agency of Canada |date=8 June 2018 |title=ATM fees |url=https://www.canada.ca/en/financial-consumer-agency/services/banking/atm-fees.html |url-status=live |archive-url=https://web.archive.org/web/20180729081344/https://www.canada.ca/en/financial-consumer-agency/services/banking/atm-fees.html |archive-date=2018-07-29 |access-date=2018-07-29 |website=Canada.ca |language=en}}</ref><ref>{{Cite web |title=ATM and Banking Centre Network |url=https://www.cibc.com/en/personal-banking/ways-to-bank/atm-and-branch-network.html |url-status=live |archive-url=https://web.archive.org/web/20180729081348/https://www.cibc.com/en/personal-banking/ways-to-bank/atm-and-branch-network.html |archive-date=2018-07-29 |access-date=2018-07-29 |website=CIBC |language=en}}</ref><ref>{{Cite web |title=TD Green Machine ATM Machines |url=https://www.tdcanadatrust.com/products-services/banking/electronic-banking/ATM.jsp |url-status=live |archive-url=https://web.archive.org/web/20190719034214/https://www.td.com/ca/en/personal-banking/solutions/ways-to-bank/?tdtab=branch-atm |archive-date=Jul 19, 2019 |access-date=2018-07-29 |website=TD Canada Trust |language=en}}</ref> In British English, the terms '''cashpoint''', '''cash machine''' and '''hole in the wall''' are also used.<ref>{{cite book|title=Merriam-Webster Dictionary|publisher=Merriam-Webster|location=Springfield, MA|url=http://www.merriam-webster.com/dictionary/cash%20machine|access-date=7 January 2017|url-status=live|archive-url=https://web.archive.org/web/20170109113711/https://www.merriam-webster.com/dictionary/cash%20machine|archive-date=9 January 2017}}</ref><ref name=":1">{{cite web |url=https://www.merriam-webster.com/dictionary/cashpoint |website=Merriam-Webster |title=Cashpoint dictionary definition |access-date=6 September 2024}}</ref><ref>{{cite web |title=Ngram Viewer comparing 3 terms, 2000-2022, UK corpus |url=https://books.google.com/ngrams/graph?content=cash+machine%2Ccashpoint%2Catm&year_start=2000&year_end=2022&corpus=en-GB&smoothing=3&case_insensitive=true |website=Ngram Viewer |access-date=6 September 2024}}</ref> ATMs that are [[Independent ATM deployer|not operated by a financial institution]] are known as "[[White-label ABMs|white-label]]" ATMs.

Using an ATM, customers can access their [[bank deposit]] or credit accounts in order to make a variety of financial transactions, most notably [[cash]] withdrawals and balance checking, as well as transferring credit to and from mobile phones. ATMs can also be used to withdraw cash in a foreign country. If the currency being withdrawn from the ATM is different from that in which the bank account is denominated, the money will be converted at the financial institution's [[exchange rate]].<ref>{{cite web |last=Schlichter |first=Sarah |date=2007-02-05 |title=Using ATM's abroad - Travel - Travel Tips |url=http://www.nbcnews.com/id/16994358 |archive-url=https://web.archive.org/web/20140301124829/http://www.nbcnews.com/id/16994358/#.UxHXMxXP2Uk |archive-date=Mar 1, 2014 |access-date=2011-02-11 |work=NBC News}}</ref> Customers are typically identified by inserting a plastic [[ATM card]] (or some other acceptable payment card) into the ATM, with authentication being by the customer entering a [[personal identification number]] (PIN), which must match the PIN stored in the chip on the card (if the card is so equipped), or in the issuing financial institution's database.

According to the [[ATMIA|ATM Industry Association (ATMIA)]], {{as of|2015|lc=y}}, there were close to 3.5 million ATMs installed worldwide.<ref>{{cite web |url=https://www.atmia.com/|title=ATM Industry Association |url-status=live |archive-url=https://web.archive.org/web/20151016073750/https://www.atmia.com/ |archive-date=16 October 2015 }}</ref><ref>{{cite web |last=Morrison |first=David |date=July 28, 2014 |title=3 Million ATMs Worldwide By 2015: ATM Association |url=http://www.cutimes.com/2014/07/28/3-million-atms-worldwide-by-2015-atm-association |url-access=registration |url-status=live |archive-url=https://web.archive.org/web/20150626074837/http://www.cutimes.com/2014/07/28/3-million-atms-worldwide-by-2015-atm-association |archive-date=26 June 2015 |website=Credit Union Times}}</ref> However, the use of ATMs is gradually declining with the increase in cashless payment systems.<ref name=decline1>{{Cite web|last=Cummins|first=Carolyn|date=2017-12-01|title=Shopping centres prepare to go cashless as ATMs disappear|url=https://www.theage.com.au/business/companies/shopping-centres-prepare-to-go-cashless-as-atms-disappear-20171130-gzvtk8.html|access-date=2023-03-27|website=The Age|language=en|archive-url=https://web.archive.org/web/20171204065719/http://www.theage.com.au/business/property/shopping-centres-prepare-to-go-cashless-as-atms-disappear-20171130-gzvtk8.html|archive-date=4 December 2017}}</ref>