Weekly ATM value and volume figures 15 November 2020.
Key observations for week ending 15 November:
- Week ending 15 November saw a new low in weekly ATM transactions at 26.8m – the lowest weekly volume of ATM transactions since early summer.
- The value of ATM transactions on Saturday 14 November was down by 46% (compared to equivalent day in 2019).
- Weekly ATM use has reduced by 43% (compared to equivalent week in 2019).
Weekly LINK ATM transaction volumes
The latest figures from LINK show the effect of the latest lockdowns on ATM and cash use – with a further reduction to 26.8million ATM transactions last week (46.8m in equivalent week in 2019) – the lowest weekly volume of ATM transactions since early summer.
Lockdown 1.0 vs Lockdown 2.0
The graph below demonstrates that post Lockdown 1.0 the weekly volume of ATM transaction rose from a low point of 20 million to a static circa 30 million as we entered Lockdown 2.0.
The latest weekly figures from LINK shows the effects of Lockdown 2.0 which shows a significant reduction in the use of ATM’s.
The constant number of weekly ATM transactions (at circa 30m transactions a week) has now been disrupted by Lockdown 2.0.
The latest chart from LINK now tracks volume (blue) and value (red) – over the following weeks we’ll continue to track the impact of Lockdown 2.0 on our cash and digital payment habits.
The final weeks of 2020 (especially the traditional seasonal end of year impact of a temporary dip of circa 10 million transactions a week) will be fascinating.
Daily ATM Values
With everyday feeling like Groundhog Day, our daily cash use profile has certainly changed – however the above graph from LINK shows that, for those that still use cash, the amount of cash being withdrawn each visit is also reducing.
The Groundhog Day feeling is certainly having an impact on our weekends – on the 14th November ATM use was down by a massive 46%.
Weekly LINK ATM transaction volumes
Last week ATM volumes reduced by 43% compared to 2019.
Monthly LINK ATM transaction volumes
Monthly LINK ATM transaction volumes for October were 138million. After a partial post Lockdown 1.0 recovery volumes have now been static over the last four months.
Predictions
It’s only four weeks (#IOFW) but will this Lockdown period be a crucial time for cash in the UK?
After a short initial surge, how will the various restrictions in Scotland, Northern Ireland, Wales and England impact ATM withdrawals and the use of cash over the final weeks of 2020?
Rolling volume change (compared to 2019):
- w/e 11 October 2020: -34%
- w/e 18 October 2020: -36%
- w/e 25 October 2020: –37%
- w/e 1 November 2020: -38%
- w/e 8 November 2020: -38%
- w/e 15 November: -43%
Rolling value change (compared to 2019):
- w/e 11 October 2020: -26%
- w/e 18 October 2020: -28%
- w/e 25 October 2020: -30%
- w/e 1 November 2020: -30%
- w/e 8 November 2020: -30%
- w/e 15 November: -36%