MSE News: Bank of England promises more £5 notes in ATMs

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"The Bank expects there to be £4 billion fivers in circulation next year, compared to £2 billion last year ..."

Read the full story:
Bank of England promises more £5 notes in ATMs

Lokolo

I already get brand new crisp £5 notes at my uni campus.

I like the way the serials are all in order, bit sad of me, but nevermind ha.

dalek

"The largest ATM operators have agreed to ensure that at least 1.2% of their total dispense is in £5s. This means that typically, around 10-15% of such operators' ATMs will be re-configured to dispense £5s.

Errr Big Wow!!!

jrawle

I haven't seen fivers come out of a cash machine for about 10 years (when I was at university). And even that particular machine stopped dispensing them.

Reading the BBC discussion thread, who are all these people who take out £100 or more a time? Why does anyone use such a quantity of cash in this day and age?

I use very little cash, and when I do so, it's for small purchases, ofter under £5, and certainly under £10. I hate £20 notes, and without fail, shop assistants always say "Thank you" in a particularly disapproving way when I hand them one. I usually withdraw £20 at a time, and my heart sinks when it gives me a £20 note. They don't even fit in my wallet properly!

Roll on contactless payments. Then I will rarely have to use cash at all!

[Deleted User]

thank god as £5 is often needed if i need to
fair bit of atms which dispense £5 currently but need more

contactless ftw

nomoneytoday

On the flip side, that will half the total amount in the machine, making it more likely to run out at peak periods..

DaveF327

I've read promises of more fivers in cash machines for years now. It never happened.

[Deleted User]

I really can't get excited about £5 notes. I always withdraw in my bank £200+. Whether I get it in 5, 10 or 20'ies doesn't make much of a difference. I do have a debit card, but use it mainly for internet shopping and the odd purchase in high street shops/supermarkets.

Basically, using your debit/credit card in public increases the risk of somebody getting your pin. I just can't understand why people use cards for small transactions. It just slows down things for everybody else.

MoneySavingUser

DaveF327 wrote: »

I've read promises of more fivers in cash machines for years now. It never happened.

yeah this has been in the news quite a few times already before

Paulgonnabedebtfree

Lokolo wrote: »

I already get brand new crisp £5 notes at my uni campus.

I like the way the serials are all in order, bit sad of me, but nevermind ha.

That's handy for you. My fivers all have the same serial number.

brianmm

I think one of the biggest problems is that supermarkets and other major retailers almost never give out £5 notes in change. I saw a notice for checkout operators in Sainsbury's recently which said that they were no longer going to issue bundles of £5 notes to the checkouts and that therefore the operators should hang on to any £5 notes they received and not send them "up the tube". If supermarkets routinely obtained £5 notes in bulk from their banks and issued them to their checkout operators, there would soon be lots of clean new notes in circulation.