LINK, the UK cash machine network, reports that Friday 30th September was the busiest day of the year so far for LINK ATM withdrawals[1] with £577million withdrawn in cash as consumers got ready for the hot weekend.
John Howells, LINK Chief Executive commented, “The good weather really seems to have encouraged people to withdraw cash in preparation for increased spending over an unusually sunny weekend – confirmation that the right combination of feel good factors can boost short term spending and that cash is a very popular way of paying for these kinds of goods and services.”
The £577m withdrawn was the highest daily total since Christmas Eve 2010 and 14% higher than the equivalent day in 2010. Sunday 2nd October was also very busy with £252m withdrawn, an 11% increase on the same day in 2010.
[1] LINK transactions are those which involve two members of the LINK Scheme, i.e. they exclude customers using their own banks’ or building societies’ ATMs.
