ATM Withdrawals 30 September 2020

It’s the last day of September and LINK report an ATM peak earlier (12.38) of 6,349 transactions in one minute.

 

However, last week (week ending 27 September) saw a 36% reduction in cash ATM withdrawals compared to the equivalent week last year:

Source: LINK

Helpfully, LINK produce a graph detailing the reduction in cash ATM withdrawals from 2017 through to 2020:

Source: LINK

Digital payment habits formed during COVID certainly seem to have become sticky.

The cash withdrawal ATM data from LINK aligns with the PSR who report that, in May, a Which study found that nearly half of all people who previously used cash for shopping, now pay entirely with a debit or credit card following the outbreak of Covid 19 and a further 25% have replaced some of their cash purchases with cards – use of cash for shopping since COVID-19.

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