Central Bank finds ATM use down €500m since start of pandemic
Report concludes, however, that demand for cash remains strong and showed signs of recovery as restrictions lifted
The overall value of cash being withdrawn from ATMs monthly in Ireland has fallen by almost €500 million since the beginning of the pandemic in March 2020, a new Central Bank report has said.
Between January 2015 and February 2020, the average value of monthly withdrawals was at €1.51 billion. Following the introduction of lockdown restrictions, between mid-March 2020 and May 2020, ATM withdrawals fell substantially.
Central Bank data has shown that monthly ATM withdrawals ...