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Nationwide Building Society has recorded a rise in ATM withdrawals as Brits respond to the cost-of-living crisis by budgeting with physical money. The building society saw 30.2 million cash withdrawals made from its ATMs last year, a 19% increase on 2021. However, the number is still well below the 44.6 million withdrawals in pre-pandemic 2019.
"For the first time in years we are seeing a natural rise in cash withdrawals as people return to using cash to help avoid getting into debt from the rising cost of living."
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