|The Robinson Library >> Banking|
|Automated Cash Dispenser
On September 2, 1969, a machine called a Docuteller "opened for business" on an outside wall of the Chemical Bank branch in Rockville Centre, New York.
A bank advertisement announcing the event touted, On Sept. 2, our bank will open at 9:00 and never close again!
Previous automated bank machines had allowed customers to make deposits, pay bills or obtain automated cash, but only after purchasing a one-time voucher or card from a teller. The Docuteller was the first in the United States to dispense cash using a magnetically coded card that didnt require teller intervention. It was, however, much more limited in the services offered, as it could only dispense cash; customers wishing to make deposits, pay bills, check balances, etc. still had to rely on tellers.
Despite its limitations, the Docuteller proved popular and before long banks across the country were installing their own automated cash dispensers.
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This page was last updated on December 16, 2018.