Cashless society is closer as we lose hole in the wall habit

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Cashless society is closer as we lose hole in the wall habit
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People in the West Midlands withdrew an average of around £1,500 from cash machines last year – down more than £600 on pre-pandemic levels.

Figures released today reveal UK banking customers collectively withdrew £83 billion from cash machines in 2022.

The average total value of ATM withdrawals per person over 16 in the UK was £1,564 last year, up from £1,462 in 2021, according to Link, which used Office for National Statistics population data to make the calculations. The number of free-to-use machines slightly increased, from 40,856 in December 2021 to 40,869 in December 2022.

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