Our daily, weekly and monthly cash habits
Issue 460 | 8 March 2023
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Our daily, weekly and monthly cash habits
Here’s our monthly round up of the UK’s daily, weekly and monthly cash habits - all based on the cash we acquire from the network of just over 50,000 LINK connected ATM’s using over a 100 million LINK enabled bank cards.
In short cash acquisition is below pre pandemic 2020 levels, ahead of 2021 lockdown and in line with 2022 - and benefited from last months warm February half term.
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A monthly round up of our daily, weekly and monthly cash habits…….
Daily LINK ATM transaction volumes
The following graph depicts the daily withdrawal value across the last four years showing the latter half of the month.
The amount of cash taken from ATMs in recent weeks remains below the pre-pandemic 2020 levels and ahead of Lockdown impacted 2021 and is tracking in line with 2022 most of the time. There was possibly a boost from the warmer weather at half term around 17 February compared to the impact from Storm Eunice in 2022. After a variance at month end withdrawals are again returning to their regular pattern.
Daily withdrawal values are shown in the graph below reflecting the divergence with pre-pandemic volumes in 2020 and the impact of Lockdown 3 restrictions in 2021. 2022 and 2023 transactions are broadly in line apart from the impact from Storm Eunice from 17 to 19 February understandably flattening demand for cash.
The following graph shows the LINK Scheme Ltd ATM transaction volumes for every Monday in the last 4 years – again above 2021 (which was in Lockdown) but well below pre-COVID19 2020. Whilst the pattern is in line with 2022 there are notable variances probably weather-related – if the weather is bad then trips to the ATM are postponed until later in the week.
Weekly LINK ATM Transaction Volumes
Key observations for the week ending 26 February 2023:
The volume of ATM Transactions
decreased by 33% when compared to the final week before the first COVID lockdown.
increased by 1% when compared to the previous week.
decreased by 6% when compared to the equivalent week in 2022.
increased by 9% when compared to the equivalent week in 2021.
Last week there was a total of 28.5 million ATM transactions which represents an increase of 0.4 million ATM transactions over the previous week.
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