How to Develop & Run Your Very Own Private Network of ATM Machines

Ownership of automated teller machines can become a lucrative business.
Ownership of automated teller machines can become a lucrative business. (Image: Jupiterimages/ Images)

Developing and operating your own private network of automated teller machines (ATMs), can prove to be a lucrative business endeavor. These machines allow users to access cash in their bank accounts from any location where ATMs are found. Owning a network of ATMs offers a variety of benefits, including low start-up costs, no employees needed and the ability to generate income around the clock. Starting an ATM network is a fairly straightforward process.

Establish your business in your state. Each state has its own laws that govern the establishment and registration of new businesses. States normally require the registration of businesses with the secretary of state and forms are typically available on the secretary of state's website. See the U.S. directory for the secretary of state in your state ( You will also need to inquire and register for any licenses or permits required by the county and municipality in your business’ area.

Obtain an employer identification number (EIN) from the IRS. The EIN is like the Social Security number for your business, and is needed in addition to your registration with the secretary of state to open a bank account in the name of your business. You can apply for the EIN online at the IRS website (

Locate an independent sales organization (ISO). The ISO will process the ATM transactions made at your machines. Only register for an ISO that does not charge an initial fee for set-up, because this fee is not necessary. If you would like to locate a reputable ISO, seek the National Association of ATM ISOs & Operators website (

Find a suitable ATM supplier. Supplier prices for ATMs start as low as $1,800 at the time of this article's publishing. There are also leasing options for as low as $100 per month. Find a supplier online that has the leasing options or prices you are comfortable paying. These companies offer rates and lease options on their websites.

Contact potential clients about placing machines in their establishments. Start reaching out to convenience store owners, bar owners, restaurant owners, and other shop owners that own commercial establishment with a lot of foot traffic. Have professional brochures printed for your ATM service and give them to all potential clients. The brochure should clearly outline the details about the machines, service and benefits to the client.

Install and stock your machines. Once you have secured clients for your machines, you will need to schedule an installation. Suppliers may charge about $100 for installation, according to The ATM is anchored into the cement and filled with a sufficient amount of cash to initiate the venture. It is typical for ATM owners to fill the machine with between $1,000 to $3,000 to get the operation under way. Continue to add more ATMs to your network by scouting and recruiting more clients and locations that will benefit from an in-house ATM.

Tips & Warnings

  • All fees mentioned were correct at the time of this article's publishing in May 2011.

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