Stats
- Bank of America currently has over 12,000 ATMs in use.
FDIC; ATM & Debit News
- The most common use of the ATM is withdrawals (57%). Some other uses include Deposits (15%); Inquiries (11%); Pay Bills or Loan (4%); Transfers (3%); and purchase Postage Stamps (1%)
TowerGroup Primary Research, 2004
- By 2007 it is expected 7% of ATM activity will be to "Top-Up" prepaid mobile phone accounts.
Celent Communications Report: "Advanced-Functionality ATMs; The Next Generation, ATM Marketplace.com
- 50% to 75% of U.S. notes are circulated outside the United States. In 1992 there was $310 billion in equivalent US dollars in circulation in Europe; in 2002 - $620 billion. By 2005 - $750 billion (estimate); and in 2010 - $1 trillion (estimate).
EC Blue Book Addendum
- In 2002 the worldwide interchange total was $8 billion, which is roughly $8,000 per ATM in interchange revenue.
Retail Banking Research, Ltd. (RBR)
- 70% of home improvements are made to improve quality of life, as opposed to 29% done to increase the home's resale value.
ICR/International Communications Research Survey, Media, PA for Wells Fargo. Reported 9/9/04
- The survey also reported 51% of home improvements are interior decorating; 39% landscaping; 38% mandatory maintenance (e.g. plumbing); 29% for exterior decorating
Ibid.
- The average consumer goes into their primary financial institution branch 2.4 monthly. 86% of all consumers go into their branch lobby at least once each month.
Market Pulse(SM) Survey by IBT, Georgia, Reported PRNewswire 10/04/04
Web site: www.ibtsource.com
- 66% of account holders use the ATM at their primary branch. 61% use the drive-thru there. 4% use the ATM at the grocery store.
Ibid.
- 36% of financial institution depositors use Internet banking an average of 3.8 times per month.
Ibid
Copyright © 2004 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 8, 10/04
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