Who puts money in ATMs

ATM turns 50 years old | How much money is there actually?

Germans love it, even more than their cell phone, laptop or microwave: the ATM!

Today is his birthday, 50 years old. BILD congratulates with the most important facts.

Who invented the ATM?

A Scotsman! John Shepherd-Barron (1925-2010) came up with the idea of ​​a cash machine in his bathtub. Shortly before, he had missed the opening of his bank branch by a few minutes. So the manager came up with a machine that could check checks and dispense cash in return. The major British bank Barclays put the idea into practice: In June 1967 it opened the world's first ATM in Enfield, north of London.

Since when have there been ATMs in Germany?

Since May 27, 1968. At that time, the Kreissparkasse Tübingen took over the idea from Great Britain. The catch: Initially, only 1,000 selected customers were allowed to withdraw cash, up to a maximum of 400 D-Marks. You needed a special key for the safe, a special card for identification and punch cards as payment receipts. Because there were no EC cards back then. It was not until ten years later that the Kreissparkasse Köln installed the first ATM in Germany that was connected to the bank network.

How many ATMs are there in Germany today?

60,038 - this number has been fairly stable for around five years. 20 years ago there were only 40,000 ATMs in Germany.

How much money is there in an ATM?

An ATM can hold up to 500,000 euros. The safe, which weighs almost 1,000 kilograms, usually has four cassettes for 2,800 notes each. Depending on the location of the machine, however, different amounts of money are filled: at least 50,000 euros, usually more than 100,000 euros. If the machine runs out of money, the responsible bank branch receives an "alarm".

What does an ATM cost?

An ATM costs around 10,000 euros to buy, while machines that also allow banknotes and coins to be deposited cost far more than twice as much. Added to this are the operating costs, which can also amount to 10,000 euros and more per year: such as maintenance costs, but above all the costs of money transport and insurance. The lifespan of a machine is a maximum of ten years.

How much money do Germans withdraw from ATMs?

Around 370 billion euros a year - around one billion euros per day. In 2011, Germans withdrew just as much money at the counter as they did at ATMs; today, around 60 percent of cash withdrawals are made from machines.

Withdrawal fees at the Sparkasse

How safe are ATMs?

The insurance company has precise guidelines for security: for the weight of the safe and the installation of the machine, including the number and type of screws and dowels. But: Gangs specialize in blowing up ATMs. Last year there were 286 cases across Germany, ten times more than five years ago. The manufacturers oppose this: money cassettes are equipped with color cartridges that bathe the notes in color and thus devalue them in the event of severe shock or attempts to break open.

On the other hand, account data is being manipulated and spied on at ATMs less and less frequently. The personal identification number (PIN), which you need to withdraw money, also goes back to the idea of ​​the machine inventor Shepherd-Barron. He was actually planning a six-digit code: “But my wife said she could only remember four digits.” Since then, the four-digit PIN has been the standard worldwide.

By the way: There are ATMs all over the world, but the challenge is the same everywhere; they have to count one hundred percent accurately, no matter how the notes are made. Everyone knows this from their wallets: Freshly printed banknotes stick together because of their smooth surface, old dirty notes stick or are limp like handkerchiefs. Some countries have small banknotes, others are as big as postcards. The machine must be able to grab them all, and just not accidentally two at a time. The manufacturers' machine testers should have funto have

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