How do you pick a ATM location?

When scouting locations, look for high-traffic areas, cash-only locations or locations with a high rate of cash paying customers, and locations where other ATMs are scarce. You also want to look for places customers will feel safe using the ATM such as locations with lots of foot traffic.

Where are ATMs usually located?

Banks place ATMs inside and outside of their branches. Other ATMs are located in high-traffic areas such as shopping centers, grocery stores, convenience stores, airports, bus and railway stations, gas stations, casinos, restaurants, and other locations.

How are ATMs set up?

How It Works

1. Locate good retail locations such as gas stations, convenience stores, bars, malls, and nightclubs.
2. Negotiate an agreement to provide an ATM.
3. Buy ATM.
4. Install machine. ATM will work on internet line, phone line, or cell system.
5. Load cash in the machines.
6. Share leads in your area.

How do I give an ATM to a place?

ATM installation process

1. File an application in a bank or Non-Banking Financial Company (NBFC) for ATM installation.
2. The application should comprise complete details of the property such as area, locality, nearby landmarks, etc.

How much rent does bank pay for ATM?

Experts say the banks are giving monthly rent at around Rs 15,000 for the ATM space means at least Rs 1.8 lakh per annum. If you add the appreciation coming in into the ATM property, an investor can pocket at least Rs 2 to Rs 2.25 lakh per annum easily.

Why do banks set up ATMs?

Banks set up ATMs for two reasons — to provide service to their customers and to acquire transactions of customers of other banks that will give them some revenue. To service their own customers, banks set up on-site ATMs, those that are next to or in their branches.

What is the difference between an off-site ATM and a bank ATM?

Banks predominantly start with locating ATM in their branches. That establishes the primary ATM (Core) network. Off-site ATMs are installed at places where foot-traffic is high.

Where should ATMs be deployed?

The decision of where to deploy ATMs depends on the bank or credit unions actual strategy. In some cases remote ATMs are used as market infill points between branches to stretch the reach of their branches. In some cases they are used as backfill points when closing a branch.

What is the minimum area required for a bank ATM?

You can just estimate and in my obser vation a small sized bank may require at least 1100 sft minimum area exclusive for the branch premises. How do bank ATMs benefit banks?