The letters "ATM" stand for "Automated Teller Machine." An ATM is a specialized electronic banking outlet that allows individuals to perform basic banking transactions without the need for human assistance. Users can withdraw cash, deposit funds, check account balances, and transfer money between accounts. ATMs are available 24/7 and are widely used for their convenience, providing immediate access to cash and banking services. They are typically found in banks, convenience stores, and other public places. The widespread use of ATMs has significantly transformed personal banking by making services easily accessible to consumers.