Cash remains King – despite explosive contactless growth

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A crown of cash
Cash is King

LINK figures reveal that cash withdrawals from LINK ATMs in 2015 amounted to a record £128 billion – made over 2 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 figures reveal that cash withdrawals from LINK ATMs in 2015 amounted to a record £128 billion

LINK figures reveal that cash withdrawals from LINK ATMs in 2015 amounted to a record £128 billion

LINK’s share of all UK ATM cash withdrawals continues to rise with LINK accounting for around 74% of all cash withdrawals, with the total value dispensed through LINK transactions rising by almost 35% in the last 10 years.

“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 With the amount of money being withdrawn continuing to increase, it is clear that cash has an important place in our wallets and purses for the foreseeable future,” comments John Howells, CEO, LINK.

“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.”

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