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December Uk Atm Withdrawals Could Reach £11 Billion

17 December 2014

Analysis (1) by Sainsbury’s Bank suggests that this December approximately £11 billion could be withdrawn from ATMs through the LINK network in the UK – equal to more than £355 million every day during the month.

The supermarket bank, which has 1,550 free-to-use(2) ATMs across the UK estimates that the number of cash withdrawals in December could reach 170 million, around four million higher than the same time last year(1).

ATM usage is expected to peak on Friday 19th December, in terms of both number of transactions and total value of cash withdrawn. The Friday before Christmas is the typical peak day for pre-Christmas cash withdrawals; Friday 20th December was the busiest day in 2013 for cash withdrawals.

Sainsbury’s Bank is encouraging consumers to be extra vigilant when withdrawing cash during the festive season. 

Iain Gibson, Head of ATMs at Sainsbury’s Bank said:

“With shopping trips and nights out, December is typically far busier for ATMs than any other time of year so we’re encouraging people to be vigilant when withdrawing cash. Try to avoid rushing and ensure withdrawn money is safely put away and out of sight before leaving the machine.”

Five top tips to keep your details safe when using an ATM:

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Notes to Editors

(1)       All figures are based upon LINK transactions, therefore estimates relate only to transactions through the LINK network. All projections for 2014 are Sainsbury’s Bank estimates based on analysis of 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 286 0786

 

This press release is information for journalists only and is not intended to be a promotion to be acted upon by consumers.

 

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.

Sainsbury’s Bank plc. Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury’s Bank plc is covered by the Financial Services Compensation Scheme (FSCS).