ATM facts for kids

ATM is a short way of saying something bigger. Most often, it means an Automated Teller Machine. This is a special machine that helps you do banking tasks without needing to go inside a bank or talk to a person. You can use an ATM to get cash, check your account balance, or sometimes even deposit money.

What is an ATM?

An ATM is like a mini-bank that's open 24 hours a day, seven days a week. It lets you manage your money quickly and easily. You usually need a special card, like a debit card, and a secret PIN (Personal Identification Number) to use it. ATMs are found in many places, such as outside banks, in shopping malls, or at gas stations.

How Does an ATM Work?

Using an ATM is pretty simple.

• First, you put your bank card into the machine.
• Then, you type in your secret PIN. This makes sure only you can access your account.
• Next, the ATM shows you a menu of options. You can choose to withdraw cash, check your balance, or sometimes transfer money.
• If you want cash, you tell the machine how much you need.
• The ATM then counts out the money and gives it to you. It also gives you your card back and a receipt.

The History of ATMs

The idea for an ATM came about because people wanted to get their money even when banks were closed. The very first cash dispenser was used in London, England, in 1967. It was invented by John Shepherd-Barron. These early machines were not as smart as today's ATMs, but they started a revolution in banking. Over time, ATMs became more common and could do more things.

Staying Safe at an ATM

It's important to be careful when using an ATM.

• Always cover the keypad when you type your PIN. This stops anyone from seeing your secret number.
• Be aware of your surroundings. If something feels wrong, don't use the ATM.
• Put your cash away quickly and count it later in a safe place.
• Never share your PIN with anyone, not even bank staff.

Other Meanings of ATM

While "Automated Teller Machine" is the most common meaning, "ATM" can also stand for other things:

Asynchronous Transfer Mode

In the world of computers and networks, Asynchronous Transfer Mode (ATM) is a way that information used to be sent very quickly over long distances. Think of it like a special high-speed road for data. It was used for things like phone calls and internet connections, but newer technologies are more common now.

Atmosphere (Unit of Pressure)

Sometimes, "atm" (with a small 'a') is used as a unit of measurement. It stands for atmosphere, which is a way to measure pressure. For example, the air around us has a certain pressure, and one atmosphere (1 atm) is about the average pressure of the air at sea level. Scientists and engineers use this unit when talking about things like weather or how much pressure a submarine can handle.

See Also

In Spanish: Cajero automático para niños