"Цей банкомат далеко."
Translation:This cash machine is far away.
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If you are pointing at a location on a map, then it could make sense.
My answer "the bank machine is far away" was marked INCORRECT. To call an ATM (Automated Teller Machine) a cash machine, implies that the only thing the machine does is dispense cash. Most банкомат, particularly the ones at bank locations, enable you to do most of your banking without a personal interaction with the teller.
Rejecting "bank machine" as an acceptable answer would also indicate that банк no longer means only "bank"