Over £100 million more was withdrawn from the UK’s ATMs during this year’s May Day bank holiday weekend compared with last year.
Link, the UK’s cash machine network, reported today (5 May 2016) that the total value of LINK cash withdrawals between Friday 29 April and Monday 2 May rose by £113 million (or 7%) from £1.603 billion to £1.716 billion, compared with the same period last year. It was the busiest ever May Day bank holiday weekend for the UK’s 70,270 ATMs.
Friday 29 April was by far the most popular time for a trip to the cash machine, as we withdrew £620 million on that day alone, up £27 million on 2015.
John Howells, Chief Executive of LINK, commented:
“A mixture of some long overdue good weather, a packed sporting calendar and the extra day off work that many of us enjoy meant that last weekend marked an all-time high in May bank holiday ATM withdrawals.”
“Despite the many different ways to pay that we have in this country, this record for ATM withdrawals clearly shows that cash has a bright future in the UK. Indeed, with the roll-out of new plastic banknotes and the twelve-sided one pound coin on the horizon, we can confidently predict cash is here to stay.”
Contributed | what does this mean?