Instant Teller Machine

Definition

• An interactive terminal that allows customers with valid accounts from either a banking or other financial institution to conduct various transactions including money withdrawals, deposits, bill payments, and transfers. Customers require a magnetically encoded card and P.I.N. (personal identification number) to use the terminal and may be subject to a surcharge. These terminals are interconnected to allow customers access to their accounts from anywhere in the world.

Relevant Locations
Canada

Notes
More commonly known as an automated teller machine (ATM).

Acronyms
ITM