When a bank customer withdraws money from an atm, the record is being stored in the bank's balance
An automated teller machine (ATM), also known as a cash machine in British English, is an electronic telecommunications tool that enables customers of financial institutions to carry out financial transactions like cash withdrawals, deposits, funds transfers, balance inquiries, or account information inquiries whenever they want and without having to speak with bank employees directly.
Many different names are given to ATMs, such as automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). Automated banking machines (ABM) are also utilized in Canada, however ATMs are much more popular there and are preferred by many businesses there. The phrases "cashpoint," "cash machine," and "hole in the wall" are most frequently used in British
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