Those big machines you see at your bank or at stores that let you insert a debit card to get cash on the spot. Sometimes called a cash machine, these computerized machines also let you take care of other bank stuff without having to schlep into the bank.
ATMs let you transfer money between accounts, pay your bills, find out how much you have on your account, deposit checks, and more. Yeah, they're robots.
Related or Semi-related Video
Finance: What is an ATM?23 Views
Finance a la shmoop what is an A-T-M... hmm that's automated teller machine ATM
there there the big ugly machines that puke $20 bills when puking is good you [ATM spitting out $20 bills]
see them in front of your bank and it stores the magic Aladdin lamp rub comes
via your plastic debit card which you insert and wait then
you type in your PIN or personal identification number and then well if [Person typing in PIN number on ATM]
you have cash in your account the cash machine will spit out the money YUM
these computerized robot machines also let you take care of other bank stuff
without having to schlep into the bank transferring dough between accounts and
depositing checks and so on...Basically all the stuff you can do with an app on [Girl using an app on her phone]
your smartphone now and the irony here should not be lost
ATMs replaced tens of thousands of bank tellers when they came out in the 1980s
they were the first mass job replacement of human beings with robots and and yes,
phone apps now are replacing those testy ATM robot machines yeah and for those of
you with job phobia over robots while the advent of the ATM machine is a good
allegory to follow your jobs coming next you [Mans eyes turn red]
Up Next
What is a Banker’s Acceptance Note? Banker’s acceptance notes are short-term debts that companies can issue; they differ from general debt offe...
What is a merchant bank, and how many duck puns do we make in this video? Watch it for the answers to both those hard-hitting questions.
What is a savings & loan versus a bank? Hit play to find out.