£235m expected to be withdrawn from ATMs as voters go to polls on Thursday

finance
Created 7/3/2024
Updated 7/3/2024

On Thursday, around £235 million is predicted to be withdrawn from ATMs as people fit trips to cash machines around voting in the General Election, according to Link. This forecast is lower than previous elections, where £322 million was withdrawn in December 2019 and £356 million in June 2017. Link attributes this decline to a general decrease in cash use, with more people opting for cards and mobile payments. Despite this trend, the average UK adult still withdrew about £1,500 from ATMs last year. Additionally, new banknotes featuring the King’s portrait began circulating in June.

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