Skip to main contentAccess keys help

[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 14 June, 2004, 18:39 GMT 19:39 UK
UK's ATM use hits all-time high
ATM
Britons use ATMs 2.37 billion times a year
Britons withdrew a record �144.1bn from the UK's cash machines in 2003, new figures have shown.

Equivalent to �4,570 and 75 withdrawals a second, a total of 2.37bn ATM transactions were made during the year.

That is according to the latest figures from trade body the Association of Payment Clearing Services (APACS).

It said 97% of transactions were free, from the 69% of all ATMs owned by bank and building societies, rather than machines which charge.

People withdrew an average �61 per transaction from bank and building society ATMs and �46 from other machines.

Ever-increasing

Britons now use cash machines to access 53% of their money, with the difference made up by cashing cheques, getting cash over the counter at banks and building societies, cash-back at supermarkets, and cash advances on credit cards.

During 2003 an additional 5,636 cash machines were installed in the UK, bringing the total number to 46,461.

"As we become an increasingly mobile society, more and more UK customers rely on cash machines as part of their daily life," said Sandra Quinn, director of communications at APACS.

"This increasing demand for more cash machines is met head on as the number of locations continues to increase year on year."




SEE ALSO:
Q&A: Cash machine charges
31 Jul 03  |  Business
Are banks ripping us off?
01 Mar 04  |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific