Six facts about the UK’s cash habits

Issue 327 | 22 May 2022

The UK’s cash habits

As the reduced use of cash in the UK reflects the wider transition to a digital society it is easy to forget the role cash still plays in the UK’s payment mix.

Each week Northey Point analyses the ATM use data released by LINK and publishes a tracker of the UK’s daily, weekly and monthly cash habits (using LINK’s ATM transactional data as a proxy for cash use).

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Six facts to impress your payments colleagues

Here’s six cash facts to impress your payments colleagues at the water cooler the next time you are in the office…..

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Six cash habit facts

1: ATM transactions have decreased by 27% compared to pre-pandemic use

The volume of ATM Transactions decreased by 27% when compared to the final week before the first COVID lockdown.

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2: ATM use on a Thursday is up 8% on 2021

A bit random but Thursdays’ ATM use is currently tracking about 8% above last year’s and even further above 2020, although well down on pre-pandemic levels.

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3: The average ATM withdrawal value is just under £80

Source: LINK

The average withdrawal value in April was £79.91 slightly down on 2021 but well above the pre-pandemic average of around £65.