People in Finland withdrew less amount of cash in the second half of 2024, said the Bank of Finland on Friday.
In the second half of last year a total of 28.2 million cash withdrawals totalling EUR 4.1 billion took place at automated teller machines (ATMs), bank branches and the point of sale (POS) terminals.
In comparison with the second half of 2023, this represented a year-on-year decrease of 7.8% in terms of the number of withdrawals and 6.1% in value.
A total of 1.2 million cash withdrawals worth EUR 67.7 million were made at POS terminals. In contrast to the recent growth trend, withdrawals declined year-on-year both in terms of number (1.9%) and value (0.5%).
The value of cash withdrawals at ATMs amounted to EUR 3.6 billion and at bank branches EUR 0.4 billion and the amounts were 5.7% and 10.2% lower respectively compared to the amounts in the stipulated period of the previous year.
Cash withdrawals from ATMs and POS terminals abroad amounted to EUR 135.9 million in the second half of 2024. The amount of cash withdrawn abroad decreased by about EUR 30 million, or 18.0%, year-on-year.
In the second half of 2024, the largest volumes of cash were withdrawn in Estonia (EUR 18.2 million), Spain (EUR 17.3 million), and Thailand (EUR 12.8 million).
- Cash withdrawal
- Declines
- Finland
Source: www.dailyfinland.fi
