What is the full form of ATM

What is the full form of ATM

ATM : Automated Teller Machine

ATM stands for Automated Teller Machine. It is an electronic telecommunications device that enables customers to perform financial transactions, such as cash withdrawals, deposits, funds transfers, or account information inquiries, at any time and without the need for direct interaction with bank staff.

ATM full form

History

the first ATM (automated teller machine) was opened on June 27, 1967 at a branch of Barclays bank in Enfield, north London, the first of six cash dispensers commissioned by the bank.

ATMs had spread across the globe in just a few years, establishing a foothold in every major country. Currently, more than 3.5 million ATMs are in operation worldwide.

Advertisement
Back to top button