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Is there any profit for banks from ATMs?

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Not at all. Operating ATMs is a costly business. There is cost of electricity, maintenance, property, paper rolls, transaction processing (back end switching which is mostly outsourced) and branding and security involved. read more

YES, But not directly from the ATM .ATMs give indirect profit to the banks. If bank hires a employee for the transactions, payment.And for this purpose you have to pay some amount(Salary).If employee does mistake,it will not good sign for a bank. read more

The reason your bank is charging you a fee is because they are being charged by the processing company. usually about 2.50 each time you use the machine. that 2.50 is what the processor is charging your bank for being the middle man between the ATM and your bank account. read more

» If you rely on your bank’s app, explore Nerdwallet’s best banks for mobile banking. Next steps. Virtually any financial institution will let you withdraw money for free from its own ATMs, and many credit unions and community banks participate in larger shared ATM networks, too. read more

Running and maintaining an ATM is a costly affair for a bank. There are recurring overhead expenses, like transaction processing charge, electricity charge, maintenance charge, paper rolls, security guards, and many other technical matters that require regular expenses. read more

The ATMs that I use can store up to 2000 notes. so if you are dispensing 20's that is 40,000. I think that there would have to be some major market disruptions for cash to become entirely obsolete. I don't see us becoming a cashless society in the near future at all. There are to many older people that like to use cash. read more

Some ATM companies split the costs of the machine, installation, supplies and any maintenance fees as long as you keep the machine filled with your own cash. In this situation, the ATM company also keeps half of all profits. read more

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