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2 September 1969, the day when the first ATM was launched

2 September 1969, the day when the first ATM was launched

Today, the date that revolutionized the financial and banking sector, that is, on this day, 2 September 1969, ATM was presented to the world for the first time. The Automated Teller Machine (ATM) was first introduced to the general public in New York, the financial capital of the United States. ATM Machine was first established by Chemical Bank in New York. The bank had advertised this before launching this machine, 'Our bank will open from 9:00 am on September 2 and will never close'.

Preparation Of ATM Machine

  • Many people tried to make an ATM machine but only Don Wetzel got success. Initially, only the cash was released from this machine.
  • While unveiling this machine in the world, it was clear that banks would no longer have to install  Ques to withdraw money.
  • In the US, the modernity of ATM machines has increased so much that facilities like withdrawing, depositing and transferring money exist.
  • A financial survey conducted in 2015 revealed that there are more than 3 million.
  • It means more than 3 million ATMs worldwide and now an ATM is being installed every five minutes.
  • And 8.6 billion rupees are withdrawn from these ATMs every year.
  • ATMs in India were started in the year 1987 by Hong Kong and Shanghai Banking Corporation (HSBC).

Related Question:-

Q.1 When was the world's first ATM launched?
A. 15 January 1960
B. 22 April 1954
C. 2 September 1969
D. 30 June 1966
Answer...
Ans: 2 September 1969
Q.2 When was the first ATM launched in India?
A. 1978
B. 1987
C. 1990
D. 2002
Answer...
Ans: 1987

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