The world’s first ATM (Automated Teller Machine) was installed on June 27, 1967, at a branch of Barclays Bank in Enfield, London. The machine was invented by John Shepherd-Barron, a Scottish inventor, and was designed to dispense a maximum of £10 at a time.
Initially, the machine was not very popular, as people were hesitant to trust a machine with their money. However, the convenience of being able to withdraw cash outside of banking hours quickly caught on, and soon, other banks started installing their own ATMs.
Today, there are over 3 million ATMs in the world, and they have become an essential part of our daily lives. From withdrawing cash to checking account balances, ATMs have made banking more accessible and convenient for everyone. The world’s first ATM revolutionized the banking industry, and its impact can still be felt today.