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What is the minimum amount you would pay by card?

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Wednesday, September 05, 2012
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thisisbathnew

Britons are increasingly turning away from using cash on a day-to-day basis, new research has revealed.

More than a quarter of people (29 per cent) now withdraw less than 10 per cent of their income in cash and are becoming increasingly reliant on card payments, direct debits, standing orders and online transactions, research by the Yorkshire Bank shows.

Almost one in ten people (eight per cent) say they do not withdraw any of their income in cash and a fifth withdraw 11-20 per cent.

The research also highlighted that people are becoming increasingly comfortable in using their debit card to pay for small amounts, with three quarters (75%) of those surveyed stating they would happily use a debit card for a purchase of under £5.

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While only 3% would use a debit card for a purchase of £1, almost one in five (18%) would pay for a purchase between £1.01 and £2 using their card.

Up to £1 - 3%

£1.01-£2 - 18%

£2.01-£3 - 10%

£3.01-£4 - 7%

£4.01-£5 - 37%

Over £5 - 25%

The amount of their income Britons withdraw in cash

No income in cash 8%

Up to 10% 29%

11-20% 19%

21-30% 11%

31-40% 4%

41-50% 9%

More than 50% 4%

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