Weekly ATM value and volume figures 26 October 2020.
Key observations for week ending 25 October:
- Lowest weekly ATM use and amount of cash withdrawn for the last eleven weeks.
- ATM volumes have reduced last week by a further 1%, a 37% reduction compared to 2019.
- Cash withdrawn from ATM’s last week has reduced by a further 2%, a reduction of 30% compared to 2019.
- Month end dates (2019 vs 2020) may have impacted this weeks figures slightly.
- Lockdowns are beginning to take effect across the UK suppressing consumer spending.
- Uncertainty about economy, jobs and Coronavirus crisis are probably affecting consumers confidence and discretionary spending.
- Digital payment habits formed during COVID continue to remain sticky.
- Will increased COVID restrictions across the UK lead to further reductions in ATM use?
Source: LINK
Volume and value (2020 vs 2019)
Source: LINK
Weekly ATM transaction tracker
LINK have plotted the weekly value of cash withdrawals plotted against various lockdown milestones:
Source: LINK
Rolling volume change (compared to 2019):
- w/e 11 October 2020: -34% (baseline)
- w/e 18 October 2020: -36% (2% reduction)
- w/e 25 October 2020: –37% (3% reduction)
Rolling value change (compared to 2019):
- w/e 11 October 2020: -26% (baseline)
- w/e 18 October 2020: -28% (2% reduction)
- w/e 25 October 2020: -30% (4% reduction)
Source: LINK