ATM, standing for Automated Teller Machine, is a commonly used word for a self-service banking machine found in numerous locations worldwide. Though the word has become universal, it can still be substituted with some synonyms such as Cashpoint, Cash Machine, or simply Teller Machine. Less common synonyms for ATM include Automated Banking Machine, Banking Terminal, and Cash Dispenser. In some countries, ATM is referred to as a Bancomat, Bankomat, or Geldautomat. Regardless of the synonym used, the purpose of an ATM remains the same; to provide customers with secure and convenient access to their bank accounts, enabling them to withdraw cash, check account balances, and make deposits.