New figures reveal record amount withdrawn from LINK ATMs in 2015
New figures published reveal that LINK cash withdrawals from ATMs in 2015 amounted to a record £128bn – made during over two billion visits to the UK’s 70,270 LINK-connected ATMs.
The total number of cash withdrawals only grew slightly in 2015 (by 0.8%) with the value of those withdrawals increasing by 2%. The amount cash machine users withdrew also went up – with the average withdrawal value increasing from £61.25 in 2014 to £61.93 in 2015.
LINK’s share of all UK ATM cash withdrawals continues to rise with LINK accounting for around three-quarters of all cash withdrawals, with the total value dispensed through LINK transactions rising by almost 35% in the last 10 years.
John Howells, LINK CEO, said:
“These figures show that cash remains a very important part of our lives here in the UK and is still the most attractive payment option in lots of situations. With the amount of money being withdrawn continuing to increase, it is clear that cash has an important place in our wallets and purses for the foreseeable future.
“With over 70,000 cash machines in the UK, LINK is committed to continuing to make sure everybody has safe, reliable and easy access to their cash.”