Home News ATM withdrawals plunge 20% as dirty cash gets the flick

ATM withdrawals plunge 20% as dirty cash gets the flick

Reserve Bank of Australia data released recently revealed ATM withdrawals plunged 20% in March as shoppers and shopkeepers go card-only amid COVID-19.

By Harrison Astbury

First published on 12 May 2020

ATM withdrawals plunge 20% as dirty cash gets the flick

Photo by Hello I'm Nik 🎞 on Unsplash

March saw just $34.62 billion withdrawn from ATMs across the country, down 20% from February's $43 billion.

This represents the lowest level since April 1999, when Australia's population was less than 19 million.

Harrison Astbury

Harrison is Savings.com.au's Assistant Editor, and also Editor & Research Analyst of sister comparison site InfoChoice.com.au. He is also the co-host of the Savings Tip Jar podcast alongside Dominic Beattie. Prior to joining the group in 2020, Harrison has since 2015 been lending his expertise to other publications in mining, financial comparison, and traditional newspaper media.

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