automated teller machine, ATM; teller = [in American English] cashier and [popularly in the USA] money puker as well as money pump): An electromechanical device that enables self-servicing cash dispensing with use of a card, usually in the bank’s vestibules, by which customers can withdraw money from their accounts around the clock. At the end of 2010, around 54,000 ATMs were available to customers in Germany, holding an average of EUR 125,000 per machine; however, these were matched by only 1,400 deposit machines. At the same time, around half of the demand for cash was met by ATMs. – The spread of ATMs was favorable wherever the machines were no longer recorded by the tax authorities as an independent commercial unit (any fixed local installation or facility used for carrying on the business of a standing trade) and as such were subject to trade tax. – See Excerpt, banknote value restriction, cash, vaulted, cash procurement, cash card, cash cycle, cash card, branch, fully automated, account balance inquiry, prosumer, skimming, Strazze. – Cf. Monthly Report of the Deutsche Bundesbank of December 2006, p. 94.
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