What is an atm?

ATM stands for Automated Teller Machine. It’s a specialized computer that makes it convenient to manage your money. For example, almost all ATMs allow you to withdraw money, and many allow you to make deposits. At some ATMs, you can print a statement (a record of your account activity or transactions); check your account balances (the amount of money in your accounts right now); transfer money between your accounts; and even purchase stamps. You can usually access the most services at an ATM that’s operated by your own bank.


Getting to know the different parts of an ATM is important. It will help you understand where different features are and how they can help you manage your money without having to go into a bank.

atm security tips

Because most ATMs give out cash and many accept deposits, it makes sense to be alert and aware of your surroundings whenever you use an ATM. Here are some personal safety tips when using an ATM:

  • Report a lost or stolen ATM card to your bank right away.
  • Don’t leave your ATM Card in your car.
  • Don’t lend your ATM Card to anyone.
  • Keep copies of your ATM receipts.
  • If you get a new ATM card, destroy the old one.
  • Use ATMs in well lit, public areas where people are around.
  • Be aware of your surroundings.
  • If it looks like someone has messed with the ATM, don’t use it.
  • Keep your ATM Card and Card Number hidden.
  • Cover the keypad when putting in your ATM PIN.
  • After you’re done, take your ATM Card, cash and printed documents.
  • Put your ATM Card and cash away before your leave.
  • Keep your doors locked and engine running at a drive-up ATM.
  • Pick an ATM PIN that is easy for you to remember.
  • Don’t use any ATM PIN information that appears in your wallet.
  • Never write down your ATM PIN. Memorize it.
  • Never tell anyone your ATM PIN.