ATM withdrawals plunge 20% as dirty cash gets the flick

author-avatar By on May 12, 2020
ATM withdrawals plunge 20% as dirty cash gets the flick

Photo by Hello I'm Nik 🎞 on Unsplash

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

March saw just $34.62 billion withdrawn from ATMs across the country, down 20% from February's $43 billion.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


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Harrison is Savings.com.au's Assistant Editor. Prior to joining Savings in January 2020, he worked for some of Australia's largest comparison sites and media organisations. With a keen interest in the economy, housing policy, and personal finance, Harrison is passionate about breaking down complex financial topics for the everyday consumer.

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