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Wednesday 16.01.2019 | Name days: Lida, Lidija
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Study: residents withdraw money from ATMs less often but in larger amounts

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUEvery now and then discussions about dropping cash money altogether become active in society, AS PrivatBank representatives say.

PrivatBank performed a study of habits of 15,000 payment card owners. Results show that in the first half of 2018, card users had spent 39.2% less money on goods and services with cards than the amount they had withdrawn from ATMs.

Compared to the same period of last year, residents’ habit to spend money with cash than with cards has not changed.

«Compared to the first half of 2017, residents withdraw money from ATMs less often, but in larger amounts. In the first six month of 2018, the average amount withdrawn from ATMs was EUR 173. The average amount withdrawn by residents in Latvia is EUR 136. As for countries of Europe’s economic zone, the average amount withdrawn from ATMs is two times larger – EUR 257. Compared to last year, this amount has declined by EUR 22,» bank’s representatives say.


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