What is an ATM?, An ATM is a machine that allows you to deposit or withdraw money., What does to insert a debit card mean?, To insert your card is to put your debit card (or bank card) into the ATM., What is a personal identification number (or a PIN)?, A personal identification number (or a PIN) is your personal number for the ATM., What does to deposit money mean?, To deposit money is to put money into a bank account., What does to withdraw money mean?, To withdraw money is to take money out of your bank account., What is a chequing account?, A chequing account is a bank account that allows you to write cheques., What is a savings account?, A savings account is a bank account where you get a higher rate of interest., What is a credit card?, A credit card is a card that allows you to pay later., What is an account balance?, An account balance is the amount of money in your bank accounts., What is a receipt?, A receipt is a printed record of a transaction., What is a cash dispenser?, A cash dispenser is the place on the ATM where you get money.

Understanding an ATM

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