Which bank installed the first ATM machine in the United States?
On this day in 1969, America’s first automatic teller machine (ATM) made its public debut, dispensing cash to customers at Chemical Bank in Rockville Center, New York. A Chemical Bank advertisement boasted "On Sept. 2 our bank will open at 9:00 and never close again." Chemical's ATM, initially known as a Docuteller was designed by Donald Wetzel and his company Docutel. Chemical executives were initially concerned that customers would resist having machines handling their money. ATMs went on to revolutionize the banking industry, eliminating the need to visit a bank to conduct basic financial transactions.
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