Survey reveals ATM secrets

The world of automated teller machines (ATM) is all go, according to a recent survey by Bank of Ireland (BoI)

The world of automated teller machines (ATM) is all go, according to a recent survey by Bank of Ireland (BoI). The bank says £66 million (€83 million) a week is withdrawn from machines throughout the State.

BoI has 502 machines providing an instant withdrawal facility for the 950,000 transactions each week. Almost 94 of these take place each minute with an average of £65 per transaction.

The busiest day for ATM activity is Friday between 12.30 p.m. and 1.30 p.m. Automatic tellers are used most frequently (41 per cent) by 18- to 25-year-old customers, says the survey.

Rate of use in Dublin is nearly double the activity seen elsewhere.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective