Cash makes surprise comeback amid 4.6% annual rise in ATM withdrawals

The pandemic was supposed to usher in a cashless society, and many businesses have gone card-only – but Britons are finding it hard to let go of notes and coins. Cash is enjoying an unexpected comeback, reflecting the fact that, for many people, physical money remains the ultimate budgeting tool in tricky financial times. New data from Nationwide, Britain’s biggest building society, revealed that cash usage had risen for the third year in a row. It saw nearly 33m withdrawals made from its ATMs last year. A 4.6% increase on 2023 and up almost 29% on 2021’s figure of 25.4m.

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