ATM

ATM

The first ATMs and the first debit cards in Canada were introduced by Saskatchewan Credit Unions. The first ATM in Canada was introduced in 1976 by Sherwood Credit Union (now Conexus) in Regina. The next year, more machines were introduced in Saskatchewan. These machines were advertised as having “18 Hour Teller Power” as they were accessible 18 hours a day, seven days a week. This was a great increase in accessibility compared to traditional banking hours. Though it took some convincing to get people to use these new machines, once they did they rarely looked back. This led to Canada leading the world in debit card usage by the late 1990s.

On display in the WDM Moose Jaw is one of the first ATMs (WDM-2001-S-98)  in Canada. An IBM 3624 used in Rosetown, Saskatchewan, the ATM was considered quite reliable, except in the early winter when it would often jam up due to the sudden colder temperatures. This machine processed 745,512 transactions in the period it was used (from 1981 to 1998), including 498,787 withdrawals totalling $37,898,600.