Although we take them very much for granted today, automated cash-dispensing machines have only been common since the late 1970s. Banks introduced the devices first in Europe, then in North America and elsewhere. Today there are an estimated 2 to 3 million ATMs in service around the world, with about 60,000 of them in Germany and 350,000 or so in Western Europe.
The German term for ATM is Geldautomat, but the Austrians and the German Swiss prefer Bancomat/Bankomat. Even in the English-speaking world there are several different expressions for automated teller machines: ATM, ABM (automatic bank machine, Canada), bank machine, cash machine, Cashpoint (actually a trademark), and hole in the wall (UK). ATMs have pretty much eliminated old-fashioned traveler’s checks. Remember those? Continue reading