Definition: Automated teller machine

Category: ECB terminology

Electromechanical device that allows authorised users, typically using machine-readable physical cards, to withdraw cash from their accounts and/or access other services, allowing them, for example, to make balance enquiries, transfer funds or deposit money. A device allowing only balance enquiries does not qualify as an ATM. The ATM may be operated online, with a real-time request for authorisation, or offline (Regulation on payment statistics).

Electromechanical device allowing authorised cardholders, typically using machine-readable plastic cards, to withdraw cash from their accounts and/or access to other services, such as balance enquiries, transfer of funds or acceptance of deposits. A device allowing only balance enquiries does not qualify as an ATM. The following functions are reflected in the statistics: the "cash withdrawal function" allowing authorised users to withdraw cash from their accounts by using a card with a cash function; and the "credit transfer function" allowing authorised users to make credit transfers using a payment card (Guideline on monetary, financial institutions and markets statistics). http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:352:0018:0044:EN:PDF European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232