Acquiring an ATM machine for your business can increase the number of cash transactions by your customers. If customers see that they can get access to quick withdrawals, they'll be more likely to make larger purchases from your store. Even if you don't run a shop, an ATM can provide convenience to employees, reducing the time they might otherwise spend visiting a retail bank location.
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Fill out all the forms required by your state and local governments. Contact your state's banking authority for more information about the forms you need to fill out to be approved for ATM placement on a non-bank property. View the Resources list for contact information for banking departments by state.
Set up a phone line and clear out a space in which to place the ATM. In general, it's best to place an ATM near the entrance of a store to make it obvious to customers as soon as they walk in. Cash transactions are more advantageous for businesses in general, particularly if the customer ends up paying the ATM fee to make a purchase.
Rent, lease or purchase an ATM for your business depending on your needs. Some businesses offer to lease ATMs to businesses for free in return for receiving all of the transaction fees. Purchasing an ATM will entitle you to all the fees involved, but you'll be responsible for its upkeep and resupply. Leasing an ATM will give you access to suppliers and cash delivery services so you won't have to find such companies yourself.
Maintain the ATM in good condition. You will need to periodically refill it with cash and receipt paper. In high-crime areas, an armoured car service may be necessary to ensure safe delivery of bills. A lease agreement, if you have one, should include an insurance policy to cover any damage to the ATM or theft of money. If you own the ATM outright, you may have to purchase an insurance policy yourself.
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