Depositing money into an ATM. Source: Shutterstock.

More than half of the world’s ATMs will offer automated deposits by 2024, according to new projections from banking research and consulting firm RBR. The London, England-based firm also predicted that the United States will see tens of thousands more automated deposit terminals (ADTs) arrive in the next five years.

“In a busy world where time is of the essence, both business and retail customers no longer expect to have to queue for the teller to make everyday deposits,” RBR said. “Banks report that deposit ATMs are an efficient tool for keeping their customers satisfied, while also enabling them to migrate transactions from the teller and achieve cost savings.”

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