- Home
- Meet the Team
- Log In
- Contact
- Careers
- Search
- Search Results
- Branches & ATMs
- Rates
- Log In
- About MCU
- Join MCU
- Personal Banking
- Lending
- Meet the Team
- Loans
- Home Loans
- Conventional Mortgages
- Jumbo Mortgages
- High-Balance Mortgages
- Family Homes, Co-Ops, and Condos
- Investment Property
- ARMs
- Adam Gonda
- Xiang He Lin
- Sabrina Kilgore
- Omar Osoria
- Michele Palmucci
- Cesarina Pena
- Walter Skowronski
- Shantell Wynn
- Homebuyer Dream Program
- Heroes Home Improvement Loan
- Mortgage Center
- Credit Cards
- Insurance
- Member Resources
- MCU Financials
- Forms and Disclosures
- Privacy Policy
- Automated Telephone Banking
- Order New Checks
- Security & Fraud Alerts
- Privacy Notice
- Scholarship Search
- Schedule an Appointment
ATM
An Automated Teller Machine (ATM) is a machine that allows bank or credit union customers to make deposits, withdrawals, and other transactions.
More Details
An ATM, or Automated Teller Machine, is a machine that allows bank account holders to perform financial transactions without the need for a human teller. Using an ATM, an individual can withdraw cash, deposit money, check their account balance, and transfer funds between accounts.
Example
You would like to take money out to attend a farmers market in your town. Therefore, you visit an ATM and take the amount of cash out you think you will need. But before leaving, you take a look at your account overview to gauge how much funds you have left in your account for the future.
Related Terms
Clearing House
An institution that processes financial transactions, such as the exchange of securities, between two parties.
Available Credit
The amount of credit currently accessible on a credit card or line of credit. It is the amount that can be borrowed and used for transactions.
Asset
A resource owned by an individual or organization that has economic value, such as cash, investments, and property.