Cash buzz on the go
Fast-food, coffee, dry cleaning - the drive-through world has taken on many forms. Now add drive-through money to the list.
After a number of false starts, WA coffee company Muzz Buzz will today announce what it claims to be Australia's first non-bank drive-through ATM, at its Canning Vale site.
The plan has been simmering with Muzz Buzz executive chairman Warren Reynolds since he spotted the big numbers of drive-through ATMs in the US. Muzz Buzz originally jumped into the drive-through ATM space in 2011 through a joint venture with the now-defunct My ATM Holdings while in April a contract to roll out the service with listed local stock Ezeatm was terminated.
Muzz Buzz's new model will focus on shopping centre car parks.
"The basic question is: would you go to a car park, park your car, walk over to an ATM in the rain, and get back to your car or just drive through here and get your money," Mr Reynolds said. "Convenience rules, and it's safe compared to a walk-up ATM."
The company will charge $2.50 per transaction, with the machines costing about $25,000 each to build.
Mr Reynolds said Muzz Buzz was targeting another five ATMs across Perth pending council approval.
As this picture shows, the idea of drive-in banking was around in 1961. Picture: The West Australian
