![]() ![]() ![]() In 2020, more than 5.1 million ATMs operated around the world. Today, many things that a human bank teller does can also be done at an ATM. This innovation revolutionized the banking industry by letting customers withdraw cash and perform other tasks without interacting with a human teller. A flesh-and-blood teller at a bank branch accepts deposits, handles withdrawals, cashes checks and undertakes many other tasks.īut in the 1960s, an invention known as the automated teller machine (ATM) made its debut. At one time, the primary way to do business with a bank was by heading to a bank branch. ![]()
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