- The big bank break up and the 4th anniversary of the Northern Rock collapse.
- It's also the Trumpo Blogs 4th Birthday, no coincidence-born out of despair.
- Mon 12th Sep 2011
- Up to one in six European banks fail financial health check.
- It's a scary story, but what does it mean? surely not another run on a few banks?
- Tue 28th Jun 2011
- Welcome back moneybrain.com
- The trumpo team are pleased to welcome back an old friend.
- Mon 13th Jun 2011
December set to be 'peak month for cash withdrawals'
Wed 19 Dec 2007 4pm
This month is set to break records for the amount of money withdrawn from UK cash machines, a new report suggests.According to Sainsbury's Bank, a total of £10.79 billion will be taken out of the nation's ATMs during December, with 7.59 million cash machine transactions occurring each day of the Christmas month.
Breaking the £10 billion barrier for the first time ever, this month's withdrawals will see £348.06 million accessed by ATM users on a daily basis, the bank estimates.
Head of ATMs at Sainsbury's Bank Alex Blake commented: "People are more reliant on ATMs than ever before and the peak time for cash withdrawals is December.
"This helps explain why there has been a 29 per cent increase in the number of ATMs between December 2003 and June 2007."
A separate study by Sainsbury's Bank recently stated that UK shoppers will spend a total of £11.85 billion in the last week before Christmas.
