What is an ATM?
The Bankrate.com financial term of the day is: "ATM."
Unless a wealthy relative left you money to live off of and you keep that cash stashed in a shoebox, you probably know that an ATM is a machine that dispenses cash. ATM stands for "automated teller machine," which means it's sort of a robotic bank teller. With an encoded card linked to your account, you can activate the machine and make withdrawals, deposits or other transactions with your bank or financial institution. The U.S.'s very first ATM began spitting out money in 1969 at a bank in Rockville Center, N.Y. ATMs are now found around the globe and are interconnected, allowing customers to conduct bank business far from home.
If you need to find cash in a hurry, you might first need to find the nearest ATM.
To shop for a checking account with a convenient ATM network, visit the checking and savings section at Bankrate.com.
Follow these tips to avoid spending all of your hard-earned cash on your trip.
Changing your habits can save you money on your utility bill.
When shopping for products, do you prefer generic or name brands?
Bargaining for a better deal can save you money.
Meet a mom whose daily money-saving methods got her national attention.
Shopping for insurance? Follow these tips from top experts in the insurance field.
Investing can be intimidating, but getting started with a Roth IRA shouldn't be.
Follow these tips to choose from the many different funds to invest in for your 401(k).
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.