Abstract: A high speed, computer controlled banding machine provides fully automated teller stations for completing banking functions in response to a coded credit card presented thereto. A complete banking system normally consists of four remote terminals (customer consoles), interconnected to an electronic module containing a central controller, local journal printer, status monitor panel and bulk storage. Each remote terminal includes a magnetic stripe card handler, currency dispenser, instruction display, function keyboard, numeric keyboard, control and communications electronics, receipt printer, power supply and supervisory key switch. Periodic system update and check-out, including the loading of bad account numbers into the system, is provided by operation of the supervisory key switch to place the system in a supervisory mode.