More money could be withdrawn from the UK’s many thousands of cash machines in December 2007 than in any previous month, according to data from Sainsbury’s Bank.
The financial services firm has estimated that around £10.79 billion will be taken out of the UK’s ATMs in December, which would be a new record for any comparable period.
This figure equates to £348.06m being withdrawn each day – or £241,708 per minute.
Alex Blake, head of ATMs for Sainsbury’s Bank, said: “People are more reliant on ATMs than ever before and the peak time for cash withdrawals is December.
“This helps explain why there has been a 29% increase in the number of ATMs between December 2003 and June 2007.”
