Historic visitor sites popular with tourists are set to close on Wednesday across Scotland due to strikes.
Top 10 places in Scotland set to go cashless first due to reduction in number of ATMs
16.01.2023 - 13:53 / dailyrecord.co.uk
New research suggests that Aberdeen South is the area of Scotland set to go cashless the quickest, with a 36 per cent decline in ATMs between 2018 and 2022, some 36 closures overall. Online trading platform CMC Markets reviewed House of Commons data relating to the number of ATM closures across Great Britain and compared it with population figures to find the number of cash machines per 10,000 people across the country.
West Aberdeenshire and Kincardine was found to have the second highest rate of ATM closures with 30.8 per cent (20) of its ATMs having closed since 2018, while Edinburgh South West was third highest, with a closure rate of 29.9% (32). The average rate of ATM closures was found to be 18.3 per cent between 2018 and 2022 across all areas of Scotland.
West Dunbartonshire was found to have the lowest rate of ATM closures since 2018, with a 4.1 per cent reduction in ATMs, equating to just five closures overall. Falkirk has the easiest access to cash, with 38 ATMs per 10,000 residents - higher than anywhere else in the UK.
Commenting on the findings, Michael Hewson, chief market analyst at CMC Markets, said: “During the Covid-19 pandemic, consumers were reminded that using digital payment options over cash would allow them to pay for goods and services in a safer manner. Many found this to be more convenient than withdrawing cash, and it appears to have only accelerated the already existing shift towards digital banking.”
He added: “By analysing the rate at which ATMs have closed over the past four years, we were able to see which areas are likely to go cashless first, as well as the areas with the easiest access to cash machines.
“With older generations being more reliant on cash machines, increasing closures of
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