In the modern day busy life, can you imagine a day without ATM machine? The answer is a huge NO. ATM’s has made our lives easier and reduced the number of visits to the bank and standing in a long queue for withdrawal of money as you can just withdraw it from anywhere quickly. But have you ever wondered which was the first bank to introduce the Atm’s in the world?

The first ATM was put to use by Barclays Bank, in North London in the year 1967. But did you know how the idea of this ATM occurred to the inventor John Shepherd-Barron? He got this idea while soaking in his bathtub to reduce the difficulties in the withdrawal of money after the bank hours because he faced it once.

He saw a chocolate vending machine and thought of replacing chocolates with cash. He instantly shared his idea with the head of the Barclays who gave a nod for the idea.

He started to work on the machine and showed it to the Barclays bank who instantly bought it and installed in North London in 1967. He said,

“It struck me there must be a way I could get my own money, anywhere in the world or the UK. I hit upon the idea of a chocolate bar dispenser, but replacing chocolate with cash.”

Earlier he tried 6pin number system on his wife but she could only remember 4 numbered pin and hence when the ATM’s got publicized they used only 4numbered pins for the ease of public.

But do know it was introduced after 20years in India in 1987. Diebold, HSBC – the Hongkong and Shanghai Banking Corporation was the first bank to introduce an ATM in the country. Now we can find an ATM in almost every area of the country and became an integral part of the life. We all know how much the nation suffered from the closure of ATM’s during the demonetization.

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