Czech and Slovak ATMs Celebrate 20 Years! (České a Slovenské Bankomaty Slaví 20 Let!)

15 01 2009

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Today, it has been exactly 20 years since the first ATM was installed in Prague at Wenceslas Square. It was not an on-line machine, as you know nowadays and was originally only available to employees of the Czech State Savings Bank. Later on, other, more sophisticated ATMs appeared and were available to the public, but even today Czech and Slovak ATMs have room to grow.

What does the ATM acronym really mean? It stands for Automated Teller Machine thus when ATMs are used for withdrawals or deposits of cash, no human intervention is needed. Moreover, you can use the service any time of the day or week. In the beginning, Czech and Slovak ATMs, were not that sophisticated as in other countries at that time but they somewhat evolved more than in other countries.

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