Abbreviation: ATM
Meaning: Automated Teller Machine
Explanation: ATM stands for “Automated Teller Machine,” which is an electronic banking device that allows customers to perform various financial transactions without the need for a bank teller. ATMs are commonly used to withdraw cash, deposit funds, check account balances, transfer money between accounts, and perform other banking functions. They are accessible 24 hours a day, 7 days a week, providing convenient and efficient access to banking services for customers.
Example Sentences:
- “I need to stop by the ATM to withdraw some cash before heading to the store.”
- “The ATM at the corner of the street is out of service. I’ll have to find another one.”
- “You can deposit checks directly into the ATM without visiting the bank branch.”
- “Make sure to cover the keypad when entering your PIN at the ATM for security purposes.”
- “I transferred money to your account using the ATM yesterday.”
In these examples, “ATM” is used to refer to the automated teller machine, emphasizing its role in providing convenient banking services to customers.