ATM Near Me
When the first ATM made its public debut at Chemical Bank in Rockville Center, New York in 1969, the way American’s got cash changed forever. For the first time, a consumer no longer had to visit a bank in order to conduct financial transactions.
Today’s ATM machines not only allow you to take cash out, but they allow you to deposit checks, cash, and even add to your investments. Are you interested in finding an ATM near you? Simply browse ATM near me on the map below and find a list of ATM machines in your area. Need a bit more information on ATMs? Read on for facts, trivia, and statistics on ATM machines!
ATM Near Me – Find it on the Map
ATM Near Me – ATM Trivia
True or false: The first ATM was invented in 1939 but ultimately failed.
If you’re searching ATM near me, it might surprise you to find out that the first ATM machine was actually invented in 1939. Luther George Simjian created the first cash dispensing machine in 1939 at the City Bank of New York in New York City. The machine was installed on a trial run basis and was removed after six months due to lack of customer interest and acceptance. It wasn’t until 1969 that the first successful ATM machine made its American debut. Now ATM machines can be found on nearly every street corner, in every grocery store, and in every gas station/convenience store.
What year did ATM’s start to catch on in America?
Even though the first ATM machine was officially installed in 1969, ATM’s didn’t being to catch fire and proliferate until 1973. It was this year when 2,000 machines were sold and distributed across the United States. While some might have seen this as a modern convenience, many bankers and customers were very much against the machine at the time because of the high price tag. The first ATM machines cost around $162,000. Today an ATM can be purchased for under $3,000.
How many ATM machines are currently in the US?
If you’re searching ATM near me, you’ll be happy to know that there are currently over 420,000 ATM machines located in just the United States. That’s more than any other country in the world. While this figure remains high for now, it may not last forever. Statistics show that many American’s are using ATM machines with decreasing frequency. From 2010 until 2015, there was a significant drop in the number of ATM transactions in the US.
True or false: The first ATM in China didn’t arrive until 1987.
Despite China’s proclivity for staying on par with American technology and advancements, China didn’t receive their first ATM until 1987, nearly 20 years after America first began using the ATM. Many attribute this to the high cost of early ATM machines and the initial cost of shipping them overseas.
ATM Near Me – ATM Facts
The Most Popular Day Of The Week For ATMS
If you’re searching ATM near me on a Friday, you’re certainly not alone. According to statistics, ATM’s are used more heavily on Friday than any other day of the week. This is typically because most individuals in America receive their paycheck on a Friday and will often make deposits or withdraw funds. Customers who use ATM machines spend an average of 20-25% more than their non ATM using counterparts. The average American will hit the ATM at least once a week. Some financial experts cite that even though many spend more after going to an ATM, many people can limit their spending more easily by only carrying cash.
Average ATM Withdraw
When an American hits the ATM, they’re not typically taking out large amounts of cash. In fact the average ATM transaction is just $60. Most ATM’s only allow users to take out funds in increments of $20. Meaning even if someone is seeking just $50 or $30, they are forced to take out $40 or $60. This is why many consumers are prone to spending more after hitting an ATM, as they see the extra cash in their wallet as spendable income rather than saving it for a later date.
Holding The Big Bucks
If you’re searching ATM near me you may be wondering just how much the average ATM machine holds at a given time. While ATM’s in high traffic areas such as casinos, airports, and shopping malls can hold around $100,000 at time, the average ATM only holds around $20,000 dollars. While this might seem like a small amount in contrast to an actual bank, many ATM’s do not contain large dollar amounts in order to deter thieves from potentially stealing or breaking into machines.
Believe it or not, before 1988 there were no surcharges or fees for using ATMs not associated with your particular bank. Fees began after 1988 when the Valley Bank of Nevada in Las Vegas started charging customers who didn’t belong to their bank. Though some banks will refund high ATM fees, most choose not to reimburse their customers for foreign bank fees.