Precision Motion Solutions and Their Uses in the Banking Industry

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Precision motors, also known as miniature DC motors, are small rotary machines that run on electricity. As the name suggests, these devices use direct current electricity and convert it to mechanical energy to produce precise motions on a small scale. This makes them perfect for a wide array of applications including medical technology, security, aerospace and more.

You may not notice it, but precision motors play a big role in everyday life. One of the facets of modern living where these devices make a major contribution is the banking sector. Without micro brushless motors, the operations of many financial institutions would get stuck in the mud and make life incredibly inconvenient for everyone.

Here are just some of the most common uses of precision motors in the finance sector:

 

  • ATM machines – Automated teller machines (ATMs) are the most frequently used equipment in a bank as far as clients are concerned. We use these terminals to withdraw cash, deposit cash and checks, make transfers, change account settings and more. What most of us don’t stop to think of is how these machines work on the inside and how it is that they’re so accurate at handling currency.

Part of the reason they’re so reliable is the fact that they use precision motors. These mechanical parts ensure that they work with the right speed, torque and RPM to dispense and receive your funds safely and accurately.

  • Teller Assist Units – If you prefer performing your transactions over a counter and with the help of a human teller, you may have already noticed that they have machines that help them handle cash. These are teller assist unites, otherwise known as automatic teller safes or teller cash dispensers.

These machines eliminate the manual part of currency disbursement, saving tellers time and helping them increase their accuracy. This is made possible by modern computing, high-tech sensors and precise motors in the mechanical parts that minimize the handling of money, allowing for greater efficiency.

  • Money SorterMoney sorters are machines that separate, classify and count currency. Depending on the type of sorter used, the coins and bills may be arranged neatly to keep money handling by humans down to a minimum. This helps increase productivity for bank employees and reduce errors in counting and sorting bills and coins.

Like every piece of equipment in this list, money sorters use miniature motors to make their mechanical parts move. Thanks to the exact calibrations of these motors, errors in the handling and classification of money almost never occurs.

  • Money Counting Machines – Money counting machines do exactly as they’re described: they count bills and coins down to the last cent with extremely high levels of accuracy. They don’t sort or arrange bills and coins like teller assist units, but they do use precision motors for moving bills as they’re counted – much like their more sophisticated counterparts.
  • Printers, Scanners and Copiers – Clerical work is a big part of banking and the machines that banks use for these tasks all run on precision motors. Whether it’s paper being pulled into a printer, a copier moving paper out of its chute or a scanner reading a document, miniature motors are at work. Very fine and exact movements are necessary for these equipment to function and that’s only possible if precision motors are put into use.

Precision motion solutions have become integral to the way we live our modern lives. The next time you go to a bank, a hospital, a coffee shop or just about any other facility, look for a device that uses machine-driven motion to work. You can be sure that somewhere inside it, there’s a miniature DC motor hard at work.

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