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An ATM card is a plastic card that provides access to an Automated Teller Machine (ATM). It is a convenient way to withdraw cash, transfer funds, check account balances, and perform other banking transactions without having to visit a bank branch or use a teller. ATM cards are usually issued by banks and financial institutions and are linked to a personal or business checking or savings account.

When you insert your ATM card into an ATM, you will be prompted to enter your Personal Identification Number (PIN), which is a secret code that you need to know to access your account. Once you enter your PIN, you can select the type of transaction you want to perform, such as withdrawing cash, depositing money, or transferring funds between accounts. Depending on the ATM, you may also be able to pay bills, view your account history, and purchase prepaid phone credits or other items.

ATM cards work by connecting to the Automated Clearing House (ACH) network, which is a secure electronic system that enables banks to transfer money between accounts. When you withdraw cash from an ATM, the transaction is processed through the ACH network, which debits your account and credits the ATM provider. Similarly, if you deposit money into an ATM, the transaction is processed through the ACH network, which credits your account and debits the ATM provider.

It is important to note that ATM cards may have fees associated with them. For example, some banks charge fees for using non-network ATMs, for withdrawing cash from an ATM that is not owned by the bank, or for exceeding a certain number of transactions per month. It is always a good idea to check with your bank to find out the fees associated with your ATM card.

an ATM card is a convenient way to perform banking transactions without having to visit a bank branch or a teller. It allows you to access your money anytime, anywhere, as long as there is an ATM nearby. Knowing how an ATM card works and the fees associated with it can help you make informed financial decisions.