Automated Teller Machines (ATM's)

Automated Teller Machines or ATMs are a quick and convenient way to access your bank accounts so you can withdraw cash, check your balances or make credit card cash advances. Unlike banks, you can access ATMs at any time.

ATM Automated Teller Machine

These machines are located not only at financial institutions but many other places like shopping centers, grocery stores, gas stations and airports. However, the machines located at banks and credit unions usually have more features and give you more options than the others.

ATMs are accessed by using a plastic ATM card with a magnetic stripe or a chip. These cards contain your name, a unique card number, expiration date and security information. You will need to enter a Personal Identification Number or PIN to access your account.

When you set up your bank account, you will probably be asked if you would like an ATM card. You can set up your PIN at that time and should be able to use it immediately.

Be aware that most ATMs charge usage fees. These fees are usually highest at the most convenient locations. Sometimes however, if you have an account with a bank or credit union, they don’t charge fees for usage of their machines even if it’s at one of their branch banks in another town or state. Be sure to ask though because this is not always the case.

Since ATM cards can only be used at ATM machines, check out the section on debit cards for an even more convenient way to access your money and accounts.

From Automated Teller Machines to Banking Information