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  • Lowest weekly ATM use and amount of cash withdrawn for the last eleven weeks.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  • Cash withdrawn from ATM’s last week has reduced by a further 2%, a reduction of 30% compared to 2019.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

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