Glossary
Glossary of terms and acronyms related to Australian banking, finance and investments.
ATM
ATM stands for automatic teller machine, a public device that lets you make withdrawals, deposits, balance inquiries, and other transactions without the need for an actual teller. ATMs let you access your account away from the banking office and even after banking hours. ATM access is usually offered in savings accounts and some credit cards. Users are identified by a magnetic ATM card and a personal identification number (PIN), which are usually issued when you open your account. ATMs can be found in public places such as malls, hospitals and transport stations.
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