ATM withdrawals hit record £10bn in October
Updated : Tuesday, July 06, 2010
This October, the monthly value of LINK cash machine withdrawals
broke the £10 billion mark for the first time.
A record £10.03 billion was withdrawn from LINK network cash
machines during the month, 4.4% higher than in October last year,
and also higher than the total amount withdrawn in December 2008 -
typically the busiest month of the year.
The year-on-year increase was also double the 2% annual rise
that has been seen so far during 2009.
Edwin Schooling Latter, managing director of LINK, said: "This
could be a sign of consumers' willingness to spend returning,
though may also reflect some cardholders preferring to use cash to
help with their budgeting."
In the current economic climate, Mr Latter's comments highlight
the need for prepaid cards such as Vincento's Kalixa Card.
Accepted globally, with no transaction charges - irrespective of
the purchase value - and the ability to use it online or on the
high street, the pay-as-you-go Kalixa prepaid
MasterCard® offers a safer and much more flexible
alternative to cash.
For further information, please contact:
press@vincento.co.uk
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