Faculty of Humanities and Social Science > English

Origin Story of ATM

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farahdina:
The first money giving machine was installed in New York at 1939. Its inventor, Luther George Simian, saw in his mind a machine out of a hole in the wall that will allow customers to withdraw money without the need to go inside a bank. At the beginning only prostitutes and gamblers used this service, so it disappeared completely after 6 months. The real breakthrough arrived at 1969 when Donald Wetzel developed an automatic money machine for a company called Docotel – the machine was installed in Chemical bank in New York. To make the thieves turn away the machine was covered with thick iron that his making took approximately 8 hours. 4 years later there were already 2,000 ATMs around the United States. Now it’s being used widely even in a developing country like Bangladesh.

Tahsina:
That's interesting how you take interest in other areas apart from our field.
Ps. I found the fact that originally prostitutes & gamblers were the users of ATMs funny.

Afroza Akhter Tina:
..interesting to know about the origin!!!



Afroza Akhter Tina
Senior Lecturer
Department of English, DIU

farahdina:
hmmm  :)

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