An automated banking machine includes a display device in an upper housing portion and a currency dispenser in a (lower) chest housing portion. A cooling system within the machine housing is operative to cool air in the housing. The cooling system includes temperature sensors, an air duct, a blower, and an air cooling device. The duct extends between the separated chest portion and the upper portion. The chest portion houses the blower, which is operative to move air through the duct. A controller can operate the air cooling device to maintain the air temperature in both the upper portion and the chest portion within a predetermined temperature range.