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£11.4 Billion To Be Withdrawn From Uk Cash Machines This December

02 December 2013

Sainsbury’s Bank estimates that approximately £11.4 billion will be withdrawn from UK ATMs this December, equating to over £367 million per day. The supermarket bank says it expects the number of cash withdrawals to increase by 3 million(1) compared to December 2012, taking the total number of withdrawals in the month to around 164 million.(1)

Sainsbury’s Bank is expecting ATM usage to peak on Friday 20th December, in terms of both number of transactions and total cash withdrawals. The Friday before Christmas is the typical peak for pre-Christmas cash withdrawals; Friday 21st December was the busiest day in 2012 for cash withdrawals.

Sainsbury’s Bank’s growing ATM portfolio has 1,465 free-to-use ATMs across the UK(2). The Bank expects to dispense approximately £915 million from its own machines in December from around 12.8 million transactions.

Iain Gibson, Head of ATMs, Sainsbury’s Bank said: “December is once again shaping up to be a busy time of year for ATMs and this peak in usage will undoubtedly go hand in hand with Christmas shopping. Planning ahead for when you’ll need cash could help to save time queuing in a busy spell – for example, you could collect money from an ATM when picking up your groceries.”

Sainsbury’s Bank reminds customers to always shield their PIN and be vigilant when withdrawing cash.

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Notes to editors

(1) All historical figures on ATM usage provided by LINK. All projections for 2013 are Sainsbury’s Bank estimates based on analysis historical LINK ATM and usage data

(2) For debit card users

For further information, please contact:

Tom Wilson, Citigate Dewe Rogerson on 020 7282 2842
Lorna Gilmour, Sainsbury’s Bank on 0131 338 2863

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.

In 2013, the Bank has been awarded ‘Personal Loan Provider of the Year’ – Consumer Moneyfacts, ‘Best Loan Provider’ – Money Supermarket Supers and ‘Best Credit Card for Rewards’ – Moneynet.

Sainsbury’s Bank has its own banking licence, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514), except for Credit Cards and Loans where it is licensed by the Office of Fair Trading (OFT) license no. 421897. The Bank has an independent membership to the Financial Services Compensation Scheme.