Automated Teller Machines, electronic banking devices that allow customers to perform basic financial transactions without human assistance. They dispense cash, accept deposits, and provide account information.
Acronym for 'Automated Teller Machine', first introduced in the late 1960s. The term 'teller' comes from the banking profession (from Middle English 'tellen', meaning to count), while 'automated' reflects the machine's self-service nature.
The world's first ATM was installed at Barclays Bank in London on June 27, 1967, and the first transaction was made by Reg Varney, a British comedy actor. The original PIN was six digits long, but was shortened to four digits because inventor John Shepherd-Barron's wife could only remember four numbers reliably.
Complete word intelligence in one call. Free tier — 50 lookups/day.