Christmas dash for cash saw £730 million withdrawn in one day

A whopping £730 million was dished out by ATMs on December 23, the most money ever withdrawn in one day.

Thursday, 5th January 2017, 4:28 pm
Updated Monday, 9th January 2017, 1:01 pm

The pre-Christmas dash for cash saw UK spenders smash the record which was set on Christmas Eve in 2014 when £634 million was taken out. But exactly how much money is it and how could the average family spend that sort of cash?

Sign up to our daily newsletter

The i newsletter cut through the noise

Figures released today by LINK, the UK’s ATM network, said the average withdrawal was £87 which would mean almost 8.4 million people popping their pin number in at the hole in the wall.

Overall, we withdrew over £12 billion from LINK ATMs in December 2016, an increase of 3.5 per cent on December 2015 when we took out £11.6 billion.