This question is often asked in many competitive examinations, while due to lack of correct information, many candidates get defeated here and are unable to answer this question. In this post, we will know about the full form of ATM and information related to ATM. Many of us think that ATM full form is Any Time Money but this is not correct.

ATMs are known by different names in other parts of the world. In Canada, ATM is also known as ABM (Automatic Banking Machine). In other countries, the terms Cash Point, Cash Machine, Mini Bank and “Hole in the wall” are used.

So today I thought why don’t you guys know what is the full form of ATM? The correct answer should be given so that you will never have tension about this question in future.


What is the full name of ATM


The full form of ATM is “Automated Teller Machine”.

If we analyze it then we will find,

A – Automated

T – Teller

M – Machine


Other full forms of ATM


Now let us know about some other full forms of ATM which are given below.

  1. Air traffic management (in aviation terminologies)
  2. Asynchronous Transfer Mode (in I.T. Sector) This is a telecommunications concept which is defined by ANSI and ITU.
  3. Association of Teachers of Mathematics (It is a non-profit organization and registered charity

is from the UK)

  1. Angkatan Tentera Malaysia (Malaysian Armed Forces)
  2. Altamira Airport This is an airport located in Altamira, Brazil (Airport Code).


What is ATM?


ATM is an electronic telecommunications device which is used for financial transactions such as cash withdrawal, deposit, fund transfer and other bank related transactions at any time. This makes the banking process very easy as these machines are automatic and there is no need for direct interaction with the bank employees.

Users access their account through a special type of plastic card, encoded with the user’s information on a magnetic strip on top of the card. The strip has an identification code which is sent to the central computer of the bank by the modem. Users insert the card into the ATM to access their account and process their account transactions.


What are the parts of ATM?


There are two types of devices in ATM which help the users to use it easily.


  1. Input Device
  2. Output Device


Input Device


Card Reader: The card reader reads the data (account information) of the ATM card which is stored on the magnetic strip placed on the back side of your ATM card and sends it to the server for verification. Allows cash withdrawal based on account information and orders received from User Service.


Keypad: Keypad allows you to input details like PIN, how much money you want to withdraw and other features like cancel, clear, enter, etc.


Output Device


Screen: This is used to display account information (name of account holder, available balance, etc.) and actions you need to perform to complete your transaction successfully.


Speaker: Speakers are available in most ATMs. This is provided to provide audio feedback when you make your transactions.


Cash dispenser: This is one of the most important output devices of an ATM. It is used to withdraw cash.


Receipt printer: It provides a receipt related to your transaction which includes withdrawal amount, balance amount, date, time, location etc.


How does ATM work?


To start the functioning of the ATM, you need to insert the plastic ATM card inside the ATM machines. Some machines require you to drop your cards, some machines allow card swapping. As I have already mentioned, these ATM cards contain your account details and other security information in the form of a magnetic stripe.

When you Drop/Swap your card, the machine gets your account information and asks for your PIN number. After successful authentication, the machine allows the transaction.


Types of ATMs

Let us know about the types of ATMs.

Online ATM: This type of ATM is connected to the bank’s database 24 hours a day. You cannot withdraw more than the balance in your account.

Offline ATM: It is not linked to the database of the bank. Even if you do not have the required amount in your account, you will be able to withdraw it, for which the bank may impose some penalty.

On Site ATM : The ATM inside the bank premises is known as Onsite ATM.

Off Site ATM : ATMs located at various locations inside the bank premises are known as Offsite ATMs.

White Label ATM: ATMs set up by Non-Banking Financial Companies are known as White Label ATMs.

Yellow Label ATM: Yellow Label ATMs are provided for e-commerce reasons.

Brown Label ATM: This type of ATM is owned by a service provider on the hardware and lease of the ATM machine, but the cash management and connectivity for the banking network is provided by a bank.

Orange Label ATM: These ATMs are provided for Share Transaction

Pink Label ATM: These ATMs are provided only for women.

Green Label ATM: These ATMs are provided for agricultural transactions.


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