Berwick among UK's cashpoint summer hotspots

New analysis by Santander shows that Berwick has among the highest uplifts in cash withdrawls during the summer as holidaymakers splash out.

By The Newsroom
Tuesday, 14 August, 2018, 14:27
The Berwick branch of Santander.

In terms of the overall amount of money withdrawn, Brighton is the summer cash capital with Blackpool in second place.

Each of these holiday hotspots saw nearly £3m taken out from Santander’s cashpoints over the summer holiday period in 2017.

These popular tourist destinations were followed by Southport, which is renowned for its beaches and pier, and Swansea whose Rhossili Bay beach was named the 10th best beach in the world by a leading travel magazine.

The study, which looked at ATM figures from 75 coastal bank branches in 2017 reveals that Caernarfon (North Wales) and Sidmouth (Devon) saw the biggest uplift in cash withdrawals – 136 per cent up on the rest of the year.

Withdrawals in Rhyl, Weymouth and Bridport increased by 128 per cent during the summer months, as people were drawn to spend on attractions including aquariums, harbour museums and panoramic viewing galleries.

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Berwick was eighth on the list with a summer uplift of 119 per cent.

Matt Hall, head of Banking and Unsecured Credit at Santander UK said: “While many people enjoy the flexibility of contactless payments, our research shows we are still a long way off a cashless society with Britain’s seaside towns witnessing a vast influx of visitors each year relying on cash for their summer holiday spending. Millions of people find cash a helpful way to monitor their spending on holiday. Our network of ATMs makes it easy and convenient for holidaymakers to access their money from a substantial number of locations across the UK.”

Meanwhile, Santander is predicting a dash for cash on August 24 as people take out money for the bank holiday weekend.

Last year the Friday before the bank holiday saw withdrawals 33 per cent higher than the next busiest summer day as people prepared to head off for the long weekend.