What "automated teller machine" means in finance

An automated teller machine (ATM) is an electronic device that allows customers to complete basic banking transactions such as withdrawing cash, depositing money, and checking account balances without the need for a human teller. The machine is typically connected to a network of banks and financial institutions, allowing customers to access their accounts from different locations. ATMs are available 24/7 and provide a convenient and secure way for customers to manage their money.