Is ATM still in business in 2024?

Despite this shift, ATMs remain an important aspect of the financial infrastructure in the United States, providing convenient access to cash for millions of individuals. However, their future role may be impacted by the continued growth of digital payment systems and the potential emergence of new technologies.

The landscape of ATM usage in the United States has undergone significant changes in recent years. According to a recent report by CapitalOne Shopping Research, there are currently approximately 450,000 ATMs operating within the country's borders. This number, while still substantial, reflects a trend towards a gradual decline in the prevalence of ATMs.

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The report highlights a noticeable decrease in the number of ATMs between 2019 and 2022, with a 3.83% drop recorded over this period. This trend suggests that the traditional reliance on cash and ATM machines may be shifting towards alternative payment methods.

The decline in ATM numbers coincides with a broader trend of decreasing cash usage. As technology advances and digital payment options become more prevalent, many consumers are opting to forgo physical currency in favor of contactless transactions and mobile banking.