ABM (Automated Banking Machine)

An ABM, or Automated Banking Machine, is another term for an ATM (Automated Teller Machine). It’s a computerized telecommunications device that provides customers of a financial institution with access to financial transactions in a public space without the need for a human teller.

ABMs allow you to withdraw cash from your bank account, deposit funds, transfer money between accounts, check your account balance, and even pay bills.

They are conveniently located in banks, shopping malls, grocery stores, and other public places, offering 24/7 access to banking services. You’ll need a debit card and your PIN (Personal Identification Number) to use an ABM.

Some ABMs charge a fee, especially if you are not a customer of that particular bank.