Tuesday 21 October 2014

No cash-in for World Cup fans

Published 18/06/2014 | 13:37

ATM transactions were down by 25% as England took on Italy at the World Cup, according to Halifax

The number of people using cash machines plunged by a quarter on Saturday night as football fans remained fixated on England's World Cup opener, a major bank has reported.

Halifax said analysis of its customers' behaviour showed that internet banking also saw a dip during the game and 80% of the fall in logons was due to fewer men going online.

Compared with a typical Saturday night and Sunday morning, ATM transactions were down by 25% both by volume and value as England took on Italy, according to Halifax's data.

During the first half of the match, the number of internet banking logons was 16% lower than usual, but as England's chances faded in the second half, logons recovered slightly to 9% down.

Anita Hockin, head of digital for Halifax, said: "It is perhaps a reflection of just how engaged people are with their finances though that, even given the time of the match, internet banking logons increased by 25% in the hour immediately following the game compared to the same time on a usual Sunday morning."

She added that Thursday's crunch match against Uruguay would hopefully see England fans " cashing in on celebrations rather than spending away their sorrows".

Press Association

Read More

Editors Choice

Also in World News