ATM An automated teller machine (ATM) is a computer that makes it easy to access money and manage a bank account. You can use it to check your account balances, withdraw and deposit money, and print account statements. Checking A checking account offers easy access to your money through cash withdrawals and deposits and is managed by a financial institution. Direct deposit A direct deposit is an automated transfer of payment directly to a recipient’s checking account. It eliminates the need of a physical check or having to visit a bank. Payroll Payroll is the process of compensating a company’s employees in the form of checks and direct deposits. Routing A routing number is a 9-digit number used by financial institutions to identify and locate an individual account, such as a checking or savings account. Withdrawal A withdrawal is the removal of cash from a checking or savings account. It’s one of the most common actions at an ATM.