Weekly ATM value and volume figures 22 November 2020.

Key observations for week ending 22 November:

  • Week ending 22 November saw a new low in weekly ATM transactions at 26.7m (a further reduction of just 0.1m from last week) – the lowest weekly volume of ATM transactions since early summer.
  • Weekly ATM use has reduced by 43% (compared to equivalent week in 2019).

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Weekly LINK ATM transaction volumes

The latest figures from LINK show the continued effect of the latest lockdowns on ATM and cash use.

Last week saw a total of 26.7 million ATM transactions which is almost the same number of transactions as the previous week (46.9m transactions in equivalent week in 2019) – once again a new lowest weekly volume of ATM transactions since early summer.

Source: LINK

Source: LINK

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 circa 30 million to the point we entered Lockdown 2.0.

However, the latest weekly figures from LINK highlights the effects of Lockdown 2.0 which shows a continued significant reduction in the use of ATM’s which transactions to 26million per week.

Source: LINK

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

Source: LINK

With everyday feeling like Groundhog Day, our daily cash use profile has certainly changed – however the above graph (not updated this week) from LINK shows that, for those that still use cash, the amount of cash being withdrawn each visit is also reducing.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

For the second week in a row last week ATM volumes reduced by 43% (compared to 2019).

Monthly LINK ATM transaction volumes

Source: LINK

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%
  • w/e 22 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%

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