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

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March saw just $34.62 billion withdrawn from ATMs across the country, down 20% from February's $43 billion.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. Prior to joining Savings Media Group in January 2020, he worked for some of Australia's largest comparison sites and media organisations, and has key interests in housing policy, real estate, and niche topics such as the gold standard.

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ATM withdrawals plunge 20% as dirty cash gets the flick

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