The Business Insider reports that Clint Townsend, a 25-year-old businessman from Brooklyn, has ATMs that dispense cash for free. Townsend only has one ATM operating in the Free ATMs NYC network. It is located in the Knitting Factory, a venue in the Brooklyn neighborhood of Williamsburg.
Users of the Williamsburg ATM have to watch ads while waiting for their cash to dispense.
Townsend says the ads last no longer than it takes for the banks to process your transaction. Each machine displays five different advertisements, in addition to an ad for the business hosting the ATM itself. Businesses can trade their free ad space for ads elsewhere on the ATM network, Townsend tells B.I.
However, there is one catch.