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PayDay News | Australian Payments News

Cash still growing as ATM withdrawals hit a six-year high and debit surges

Senior Business Analyst
15 Apr, 2026
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Peter Drennan
Senior Business Analyst
15 Apr, 2026
Add us as a preferred source on Google
ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.
Cash still growing as ATM withdrawals hit a six-year high and debit surges
ATM withdrawals are continuing to grow but cash is about to lose one of its last remaining advantages; being the cheaper way to pay.

ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.

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