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£11.1 Billion To Be Withdrawn From Uk Cash Machines This December

03 December 2012

 

Sainsbury’s Bank estimates that approximately £11.1 billion will be withdrawn from UK ATMs this December, equating to over £358 million per day or over £41,000 per second. The supermarket bank predicts a 1.3% rise in cash withdrawals compared to December 2011.(1)

 

The number of cash withdrawals is expected to rise by over one million against December 2011, taking the total withdrawals in the month to around 161 million. Sainsbury’s Bank is expecting ATM usage to peak on Friday 21stDecember, in terms of both number of transactions and value of cash withdrawals. The Friday before Christmas is the typical peak for pre-Christmas cash withdrawals; Friday 23rd December was the busiest day in 2011 for cash withdrawals.

 

Sainsbury’s Bank’s growing ATM portfolio has 1,365 free-to-use ATMs across the UK(2). The bank expects to dispense approximately £850 million from its own machines in December, from over 12 million cash withdrawals.

 

Alex Blake, Head of ATMs, Sainsbury’s Bank said: “Peaks in ATM usage and Christmas shopping always go hand in hand and we expect this December to be no different.

 

“Why not visit an ATM when picking up your groceries; this will not only make any last minute shopping less stressful but also give you a chance to check your balance.”

 

Sainsbury’s Bank reminds customers to always shield your PIN and be extra vigilant when withdrawing cash at Christmas time.

– ends –

Notes to editors

(1)       All historical figures on ATM usage provided by LINK. All projections for 2012 are Sainsbury’s Bank estimates based on analysis historical LINK ATM and usage data

(2)       For debit card users

For further information, please contact:

Ian Morris / Tom Wilson

Citigate Dewe Rogerson

020 7282 1037 / 2842

 

Sainsbury’s Bank:

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Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times.  Our products consistently top Best Buy tables and regularly win awards for quality, price and service.

This year, Sainsbury’s Bank has been awarded ‘Best Term Assurance Provider Direct’ – Moneyfacts Investment Life & Pensions; ‘Best Personal Loan Provider’ – Consumer Moneyfacts; ‘Best Low Rate Credit Card Provider’ – Moneynet; ‘Best Credit Card for use abroad (Gold)’ – Moneynet; ‘Best Loan Provider’ – Moneysupermarket Supers; ‘Pet Insurance Intelligent Choice, Customer Satisfaction’ – Consumer Intelligence; ‘Best Personal Loan Provider’ – Moneyfacts; ‘Best Direct Personal Loan Provider’ – Your Money Direct; ‘Best Online Pet Insurance Provider’ – Your Money Direct; ‘Best Loans Rate’ – Moneynet.

Sainsbury’s Bank is a joint venture between J.Sainsbury plc and Lloyds Banking Group.

For further information and general Sainsbury’s Bank enquiries customers can call the freephone number on 0500 40 50 60 or visitwww.sainsburysbank.co.uk