www.mobilebankingsystems.com -- click here for home page

Gotta Have It!

Highlights of new, unusual and nifty products for banks and bankers

Mobile ATMs

By Kelly Childs, Independent Banker


May 2000

"Our bank bought a mobile ATM last year, and I guess you could say we've gotten some mileage out of it," jokes Nat Bothwell, online president at Arkansas National Bank in Bentonville, Ark.

The $450 million-asset bank purchased a mobile ATM cargo van that zooms all around Benton and Washington counties, bringing cash to patrons of the region's many outdoor events like fairs, sports events and rodeos.

Once on-site, the ATM can operate completely cordless running off a generator supplied with fuel. It runs on the generator for power and then the ATM unit has a cell for communications.

The unit cost the bank less than $100,000.

"If you're looking at putting up an ATM stand complete with a kiosk-type building that is both heated and air conditioned, you'd probably spend $100,000 easily," says Bothwell. "The obvious benefit with the cargo van model is you can move it to where the people are. It's a great idea for areas that are frequented by tourists, and where there are festivals and other events."

He also says the mobile unit makes a great backup ATM. That allows the bank to continue service if trouble disables one of the bank's permanent ATMs.