ATMs up for sale

INVESTORS now have a chance to own their own cash machine.

Privately-owned Australian Teller Machines is selling ATMs for $32,500 each. The company runs an ATM network alongside banking services.

The privately-owned ATMs have been placed in nightclubs, petrol stations and corner stores.

ATM director Ric Webb said every time a transaction took place, the machine owner and the location took a percentage of the convenience fee.

“We’re placing our machines where the major banks are often absent as a result of low transaction volumes and where people are willing to pay a fee for the convenience,” Mr Webb said.

Like bank-owned machines, cash can be withdrawn from the ATM network using most bank automatic teller machine cards.

So far two WA investors have bought the ATMs with their machines being set up on the east coast. Mr Luckhardt said the company was keen to expand to WA.