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What Is an ATM? Overview and How It Works

By Kristi WaterworthUpdated Jun 23, 2025 at 2:07 PM | Fact-checked by Frank Bass

Key Points

  • ATMs enable cash withdrawals, balance checks, deposits, fund transfers, and payments.
  • Using ATMs can incur fees and possible risks from card skimmers; careful selection is advised.
  • Despite digital banking advances, ATMs remain crucial for cash transactions.

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