14 August 2006
UK current account consumers vary their cash-carrying habits, according to new research.
Figures from a You Gov survey of 2,300 people – commissioned as part of a LINK study – have shown the different approaches consumers have in handling their bank account's savings.
The research discovered two distinct groups emerging when it came to drawing money from a cash machine – 'feasters' and 'nibblers'.
In general, feasters tend to withdraw £100 plus once or more a week while nibblers tend to take out between £20 and £30 two or three times a week.
There is also a gender divide when it comes to withdrawing funds with men more likely to raid their savings than their female counterparts.
A number of those questioned -12% of men and 4% of women - also admitted to withdrawing money when drunk and only becoming aware of the transaction the following day.
Edwin Latter, LINK spokesperson, said: "As operators of the LINK's cash machine network, we are very interested in understanding people's attitudes to cash and what factors determine the use of cash machines. The statistics show some very distinct withdrawal patterns between genders."
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