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Banking Facts And Figures

 

Usage of payments systems

The following analysis is based on data from the Reserve Bank of Australia and covers the following payments systems:  ATMs, EFTPOS, Cheque, Direct Entry and Credit cards.

Summary of usage of payments systems - annual

In 2009, a total of 6.7 billion transactions were conducted using ATMs, EFTPOS, Cheque, Direct Entry and Credit cards with a value of $13.9 trillion.  That’s, on average, 129 million transactions every week with a value of $267 billion. 

Direct entry, which consists of credit transfer payments and debit transfer payments, is the largest of the payment systems with 2.3 billion transactions in 2009 at a value of $11.9 trillion.

 

2004

2005

2006

2007

2008

2009

Avg growth         5 years

ATM withdrawals

 

 

 

 

 

 

 

   . Number (millions)

760.6

791.9

814.7

840.2

865.8

843.2

2.1%

   . Value ($ billions)

$128.7

$134.0

$139.3

$144.9

$151.5

$151.5

3.3%

 

 

 

 

 

 

 

 

EFTPOS

 

 

 

 

 

 

 

   . Number (millions)

1,096.5

1,222.7

1,352.1

1,519.9

1,756.3

1,757.3

10.0%

   . Value ($ billions)

$74.7

$83.6

$93.1

$104.6

$121.5

$122.5

10.5%

 

 

 

 

 

 

 

 

Cheques

 

 

 

 

 

 

 

   . Number (millions)

527.6

483.7

449.9

418.1

371.0

333.0

- 8.8%

   . Value ($ billions)

$1,767.7

$1,664.6

$1,693.5

$1,839.5

$1,617.2

$1,500.2

- 3.0%

 

 

 

 

 

 

 

 

Direct Entry

 

 

 

 

 

 

 

   . Number (millions)

1,558.2

1,716.5

1,828.9

1,990.0

2,159.8

2,265.6

7.8%

   . Value ($ billions)

$7,373.2

$8,423.1

$9,586.3

$11,288.1

$12,059.1

$11,881.3

10.2%

 

 

 

 

 

 

 

 

Credit cards

 

 

 

 

 

 

 

   . Number (millions)

1,164.7

1,227.4

1,311.2

1,389.1

1,454.0

1,510.8

5.3%

   . Value ($ billions)

$157.8

$169.6

$186.4

$204.8

$220.2

$225.8

7.5%

 

 

 

 

 

 

 

 

Total above

 

 

 

 

 

 

 

   . Number (millions)

5,107.6

5,442.2

5,756.8

6,157.3

6,606.8

6,709.9

5.6%

   . Value ($ billions)

9,502.0

10,474.9

11,698.6

13,581.9

14,169.5

13,881.3

8.1%

Summary of usage of payments systems per day

In 2009 there were, on average, over 18 million transactions every day: 

  • 2.3 million ATM withdrawals at a value of $415 million
  • 4.8 million EFTPOS transactions at a value of $336 million
  • 0.9 million cheques issued at a value of $4.1 billion
  • 6.2 million direct entry transactions at a value of $32.6 billion
  • 4.1 million credit card transactions at a value of $619 million

 

2004

2005

2006

2007

2008

2009

ATM withdrawals

 

 

 

 

 

 

   . Number (millions)

2.1

2.2

2.2

2.3

2.4

2.3

   . Value ($ millions)

$352.6

$367.1

$381.5

$396.9

$415.2

$415.1

 

 

 

 

 

 

 

EFTPOS

 

 

 

 

 

 

   . Number (millions)

3.0

3.3

3.7

4.2

4.8

4.8

   . Value ($ millions)

$204.6

$228.9

$255.1

$286.7

$333.0

$335.7

 

 

 

 

 

 

 

Cheques

 

 

 

 

 

 

   . Number (millions)

1.4

1.3

1.2

1.1

1.0

0.9

   . Value ($ billions)

$4.8

$4.6

$4.6

$5.0

$4.4

$4.1

 

 

 

 

 

 

 

Direct Entry

 

 

 

 

 

 

   . Number (millions)

4.3

4.7

5.0

5.5

5.9

6.2

   . Value ($ billions)

$20.2

$23.1

$26.3

$30.9

$33.0

$32.6

 

 

 

 

 

 

 

Credit cards

 

 

 

 

 

 

   . Number (millions)

3.2

3.4

3.6

3.8

4.0

4.1

   . Value ($ millions)

$432.3

$464.6

$510.7

$561.1

$603.2

$618.6

 

 

 

 

 

 

 

Total above

 

 

 

 

 

 

   . Number (millions)

14.0

14.9

15.8

16.9

18.1

18.4

   . Value ($ billions)

$26.0

$28.7

$32.1

$37.2

$38.8

$38.0

Credit cards

In 2009, there were 1.51 billion credit card transactions with a total value of $225.8 billion.  Over the past year, the number of transactions grew by 3.9% while the value of transactions grew by 2.5% (the lowest growth rate on record - since 1989). 

In 2009, there were 29.9 million cash advances with a total value of $11.4 billion.   The number of cash advances is now at the lowest level since mid-1998.  

Cash advances made up 2.0% of the number all credit card transactions and 98.0% of the value of credit card transactions in 2009. 

At the end of 2009, there were 14.4 million credit card accounts, increasing by only 1.5% over the past year.

 

 

Cash advances

Purchases

Total

 

Accounts

Number

Value

Number

Value

Number

Value

 

million

million

$bn

billion

$bn

billion

$bn

1999

8.8

33.6

$8.2

0.53

$53.1

0.56

$61.3

2000

9.5

35.9

$9.3

0.65

$68.5

0.69

$77.8

2001

9.7

37.6

$10.2

0.76

$83.1

0.80

$93.3

2002

10.4

35.7

$10.3

0.95

$116.7

0.98

$126.9

2003

10.9

35.3

$10.4

1.03

$130.4

1.07

$140.8

2004

11.6

36.3

$11.0

1.13

$146.8

1.16

$157.8

2005

12.5

37.4

$11.5

1.19

$158.1

1.23

$169.6

2006

13.2

38.2

$12.6

1.27

$173.9

1.31

$186.4

2007

13.9

36.7

$12.5

1.35

$192.2

1.39

$204.8

2008

14.2

34.5

$12.9

1.42

$207.3

1.45

$220.2

2009

14.4

29.9

$11.4

1.48

$214.3

1.51

$225.8

Source: RBA

The following table shows the percentage changes over the previous year.  Growth rates across a range of credit card statistics have fallen significantly over the past two years (2008 and 2009).

 

 

Cash advances

Purchases

Total

%change

Accounts

Number

Value

Number

Value

Number

Value

2000

7.0%

6.6%

13.8%

23.7%

28.8%

22.7%

26.8%

2001

2.5%

4.7%

9.6%

16.8%

21.4%

16.2%

20.0%

2002

7.6%

- 4.8%

0.6%

24.8%

40.4%

23.4%

36.0%

2003

4.8%

- 1.3%

0.9%

8.8%

11.8%

8.4%

10.9%

2004

5.7%

3.0%

6.1%

9.4%

12.6%

9.2%

12.1%

2005

7.9%

2.9%

4.9%

5.5%

7.7%

5.4%

7.5%

2006

6.0%

2.3%

8.9%

7.0%

10.0%

6.8%

9.9%

2007

5.3%

- 4.1%

- 0.1%

6.2%

10.6%

5.9%

9.9%

2008

2.2%

- 6.0%

3.0%

5.0%

7.8%

4.7%

7.5%

2009

1.5%

- 13.3%

- 11.4%

4.3%

3.4%

3.9%

2.5%

Growth rates presented in the charts below show annual changes. That is, each of the ‘grey bars’ shows the growth rate over the past 12 months.

Credit cards – per card statistics

This section presents data on a ‘per card’ basis.   As such, it adjusts for changes in the number of credit card accounts over time.  That is, if we look at the statistics presented above, we may see a 10% rise in the use of credit cards, but, this may be because the number of accounts has increased by 10%, not because people are using their cards 10% more.  This, of course, is a simple explanation but it will assist readers in understanding why it is important to also focus on ‘per card’ statistics when analysing credit card statistics.

In 2009, credit card customers made $15,644 of transactions on average using their credit cards, an increase of 1.1% or $164 more than the previous year.  This increase is less than the CPI increase of 2.1% for 2009.

Cash advances fell by a large 12.7% in 2009.  That is, customers made a total of $793 per card of cash advances in 2009 compared with $908 in 2008.  In 2001, cash advances per card were $1,051 or a third (33%) more than 2009.  

Of the $15,644 of transactions per credit card in 2009, $793 or 5% were cash advances while $14,851 or 95% were purchases.  In 2000, 12% of the value of transactions on a credit card were cash advances.

 Per CARD   

Cash advances

Purchases

Total

 

value

%change

value

%change

value

%change

1999

$924

 

$6,008

 

$6,933

 

2000

$983

6.4%

$7,234

20.4%

$8,217

18.5%

2001

$1,051

6.9%

$8,566

18.4%

$9,617

17.0%

2002

$983

- 6.5%

$11,179

30.5%

$12,162

26.5%

2003

$946

- 3.7%

$11,924

6.7%

$12,870

5.8%

2004

$950

0.4%

$12,696

6.5%

$13,645

6.0%

2005

$924

- 2.7%

$12,673

- 0.2%

$13,597

- 0.4%

2006

$950

2.8%

$13,152

3.8%

$14,101

3.7%

2007

$902

- 5.1%

$13,815

5.0%

$14,717

4.4%

2008

$908

0.8%

$14,572

5.5%

$15,480

5.2%

2009

$793

- 12.7%

$14,851

1.9%

$15,644

1.1%

On average over 2009, customers made 104.7 transactions using their credit card with an average value of $149 per transaction.  The average value of a transaction fell by $2 or 1.3% over the past year. 

In 2009, there were 2.1 cash advance transactions per credit card account with an average value of $383 for each cash advance transaction and 102.6 purchases with an average value of $145 for each.

  Per CARD

Cash advances

Purchases

Total

 

 

Number

Avg value

Number

Avg value

Number

Avg value

1999

3.8

$243

59.4

$101

63.2

$110

2000

3.8

$259

68.7

$105

72.5

$113

2001

3.9

$272

78.2

$109

82.1

$117

2002

3.4

$287

90.8

$123

94.2

$129

2003

3.2

$294

94.3

$126

97.5

$132

2004

3.1

$303

97.6

$130

100.7

$135

2005

3.0

$308

95.4

$133

98.4

$138

2006

2.9

$328

96.3

$137

99.2

$142

2007

2.6

$342

97.2

$142

99.8

$147

2008

2.4

$375

99.8

$146

102.2

$151

2009

2.1

$383

102.6

$145

104.7

$149

The number of cash advances per card has been falling for the past eight years.

Per CARD

Cash advances

Purchases

Total

%change

Number

Value

Number

Value

Number

Value

2000

- 0.4%

6.7%

15.6%

4.1%

14.7%

3.4%

2001

2.1%

4.7%

13.9%

3.9%

13.3%

3.3%

2002

- 11.5%

5.7%

16.1%

12.4%

14.8%

10.2%

2003

- 5.9%

2.3%

3.8%

2.7%

3.5%

2.3%

2004

- 2.6%

3.1%

3.5%

2.9%

3.3%

2.6%

2005

- 4.6%

2.0%

- 2.2%

2.1%

- 2.3%

2.0%

2006

- 3.5%

6.5%

0.9%

2.8%

0.8%

2.9%

2007

- 8.8%

4.1%

0.9%

4.1%

0.6%

3.7%

2008

- 8.0%

9.6%

2.7%

2.7%

2.4%

2.7%

2009

- 14.5%

2.1%

2.8%

- 0.9%

2.4%

- 1.3%

ATM withdrawals

Over 2009, there were 843.2 million ATM withdrawals with a total value of $151.5 billion. 

In 2009, the number of ATM withdrawals fell by 2.6% while the total value did not change.  This is the first time that the number of ATM withdrawals has fallen (the data series commenced in 1994).

The fall in ATM usage was driven by a fall in the use of foreign ATMs of 16% to 342 million withdrawals.   That is, there were 65 million fewer transactions (16%) at foreign ATMs in 2009 when compared with 2008.  This is the first fall in the number of ATM withdrawals conducted at foreign ATMs over the seven years of data available.  

Note that foreign ATMs are ATMs which are owned by another financial institution not the customers financial institution. 

ATM withdrawals at own ATM (i.e. where the ATM is owned by the customers own financial institution) increased relatively strongly by 9.3%.

 

At own ATM

Foreign ATM

Total

 Transactions

Number

Value

Number

Value

Number

Value

 

million

$billion

million

$billion

million

$billion

1999

 

 

 

 

447.2

$76.5

2000

 

 

 

 

485.0

$84.1

2001

 

 

 

 

521.8

$91.6

2002

372.7

$72.5

294.3

$40.7

667.0

$113.2

2003

393.1

$76.9

322.5

$44.0

715.6

$120.8

2004

408.9

$80.3

351.6

$48.4

760.6

$128.7

2005

417.1

$81.3

374.8

$52.7

791.9

$134.0

2006

429.1

$83.9

385.6

$55.3

814.7

$139.3

2007

438.3

$86.3

401.9

$58.6

840.2

$144.9

2008

458.5

$91.0

407.3

$60.5

865.8

$151.5

2009

501.2

$98.7

342.0

$52.8

843.2

$151.5

Source: RBA


 

At own ATM

Foreign ATM

Total

 %change

Number

Value

Number

Value

Number

Value

2000

 

 

 

 

8.5%

9.9%

2001

 

 

 

 

7.6%

8.9%

2002

 

 

 

 

27.8%

23.6%

2003

5.5%

6.0%

9.6%

8.0%

7.3%

6.7%

2004

4.0%

4.4%

9.0%

10.2%

6.3%

6.5%

2005

2.0%

1.3%

6.6%

8.8%

4.1%

4.1%

2006

2.9%

3.3%

2.9%

5.0%

2.9%

3.9%

2007

2.2%

2.8%

4.2%

5.9%

3.1%

4.0%

2008

4.6%

5.5%

1.3%

3.3%

3.0%

4.6%

2009

9.3%

8.4%

- 16.0%

- 12.7%

- 2.6%

0.0%

In 2009, customers conducted 59.4% of their ATM withdrawals at an ATM of their own institution making up 65.1% of the total amount withdrawn at ATMs.  That is, almost two-thirds of money withdrawn at an ATM is at the customers own financial institution.

 Distribution

At own ATM

Foreign ATM

 

Number

Value

Number

Value

2002

55.9%

64.0%

44.1%

36.0%

2003

54.9%

63.6%

45.1%

36.4%

2004

53.8%

62.4%

46.2%

37.6%

2005

52.7%

60.7%

47.3%

39.3%

2006

52.7%

60.3%

47.3%

39.7%

2007

52.2%

59.6%

47.8%

40.4%

2008

53.0%

60.1%

47.0%

39.9%

2009

59.4%

65.1%

40.6%

34.9%

In 2009, the average value of an ATM withdrawal was $180.  For withdrawals made at an ATM owned by the customers’ financial institution, the average withdrawal was $197 a fall of $2 over the previous year.  For withdrawals from a foreign ATM, the average value increased from $149 to $154 over the past year.

 

Average value of withdrawal

 

Own ATM

Foreign ATM

Total

1999

 

 

$171

2000

 

 

$173

2001

 

 

$176

2002

$195

$138

$170

2003

$196

$136

$169

2004

$196

$138

$169

2005

$195

$141

$169

2006

$196

$143

$171

2007

$197

$146

$172

2008

$199

$149

$175

2009

$197

$154

$180

Cheques

A total of 333 million cheques were issued in 2009 with a value of $1.5 trillion.  This is a fall of 38 million or 10.2% in the number of cheques and a fall of $117 billion or 7.2% in the value of cheques written over the past year. 

Customer cheques made up the bulk of cheques written in 2009, being 95% of the number of cheques and 67% of the value of cheques.

Cheques

Customer

Financial institution

Total

 

Number

Value

Number

Value

Number

Value

 

million

$billion

million

$billion

million

$billion

2002

582.6

$1,685.8

17.7

$357.8

600.4

$2,043.6

2003

556.9

$1,600.0

17.6

$409.7

574.4

$2,009.7

2004

511.6

$1,375.5

16.0

$392.1

527.6

$1,767.7

2005

469.0

$1,272.1

14.6

$392.5

483.7

$1,664.6

2006

434.4

$1,269.0

15.5

$424.5

449.9

$1,693.5

2007

397.6

$1,296.7

20.5

$542.7

418.1

$1,839.5

2008

352.8

$1,128.2

18.2

$489.0

371.0

$1,617.2

2009

316.4

$1,000.6

16.7

$499.7

333.0

$1,500.2

Source: RBA

%change

Customer

Financial institution

Total

 

Number

Value

Number

Value

Number

Value

2003

- 4.4%

- 5.1%

- 1.1%

14.5%

- 4.3%

- 1.7%

2004

- 8.1%

- 14.0%

- 8.7%

- 4.3%

- 8.1%

- 12.0%

2005

- 8.3%

- 7.5%

- 8.7%

0.1%

- 8.3%

- 5.8%

2006

- 7.4%

- 0.2%

5.8%

8.1%

- 7.0%

1.7%

2007

- 8.5%

2.2%

32.8%

27.9%

- 7.1%

8.6%

2008

- 11.3%

- 13.0%

- 11.5%

- 9.9%

- 11.3%

- 12.1%

2009

- 10.3%

- 11.3%

- 8.4%

2.2%

- 10.2%

- 7.2%

In 2009, the average value of a cheque was $4,505 with the average customer cheque being $3,163 ($35 less than the previous year) and the average financial institution cheque being $30,005 ($3,122 more than the previous year).

 

Customer

Financial institution

Total

 

Number

Avg value

Number

Avg value

Number

Avg value

 

million

$

million

$

million

$

2002

582.6

$2,893

17.7

$20,169

600.4

$3,404

2003

556.9

$2,873

17.6

$23,345

574.4

$3,499

2004

511.6

$2,689

16.0

$24,482

527.6

$3,350

2005

469.0

$2,712

14.6

$26,852

483.7

$3,442

2006

434.4

$2,921

15.5

$27,444

449.9

$3,764

2007

397.6

$3,262

20.5

$26,419

418.1

$4,400

2008

352.8

$3,198

18.2

$26,883

371.0

$4,359

2009

316.4

$3,163

16.7

$30,005

333.0

$4,505

EFTPOS

A total of 2.0 billion EFTPOS transactions were made in 2009 with a value of $137.5 billion.  There were 1.76 billion purchase only transactions, 225.2 million combined transactions (i.e. purchase and cash-out) and 15.7 million cash-out only transactions.

 

Purchases

Combined transactions

Cash-out only

Total

 

Number

Value

Purchase component

Cash- out

Number

Value

Number

Value

 

million

$bn

million

$bn

$bn

million

$bn

million

$bn

2003

806.8

$49.0

173.4

$7.1

$9.6

17.6

$1.3

997.8

$67.0

2004

900.7

$56.0

179.6

$7.5

$9.9

16.2

$1.2

1,096.5

$74.7

2005

1,020.9

$64.0

186.8

$8.0

$10.4

15.0

$1.2

1,222.7

$83.6

2006

1,146.7

$72.8

191.4

$8.4

$10.7

14.0

$1.1

1,352.1

$93.1

2007

1,307.7

$83.8

197.3

$8.5

$11.1

14.9

$1.3

1,519.9

$104.6

2008

1,534.9

$99.3

205.8

$9.2

$11.6

15.8

$1.4

1,756.4

$121.6

2009

1,760.3

$113.1

225.2

$10.2

$12.9

15.7

$1.3

2,001.2

$137.5


Source: RBA

There were 245 million or 13.9% more EFTPOS transactions and $15.9 billion or 13.1% more in the value of EFTPOS transactions compared with the previous year, continuing the strong growth rates seen for this payment channel since data were collected.

Purchases which included a cash-out component grew at the strongest rate on record (the data series dates back to 2003) with the growth rate for the number of such transactions (9.4%), in 2009, being over double that for any year before.

 

Purchases

Combined transactions

Cash-out only

Total

Purchase component

Cash- out

 

Number

Value

Number

Value

Value

Number

Value

Number

Value

2004

11.6%

14.3%

3.6%

5.5%

3.4%

- 7.8%

- 2.5%

9.9%

11.5%

2005

13.3%

14.4%

4.0%

5.7%

4.5%

- 7.3%

- 3.0%

11.5%

11.9%

2006

12.3%

13.7%

2.5%

5.7%

3.6%

- 6.6%

- 5.2%

10.6%

11.4%

2007

14.0%

15.0%

3.1%

1.4%

3.0%

6.2%

13.1%

12.4%

12.4%

2008

17.4%

18.5%

4.3%

8.0%

5.2%

6.0%

13.0%

15.6%

16.2%

2009

14.7%

13.9%

9.4%

10.8%

10.8%

- 0.5%

- 8.1%

13.9%

13.1%

The vast majority of EFTPOS transactions are purchases only.  In 2009, 88.0% of EFTPOS transactions were purchases only, making up 82.2% of the value of all EFTPOS transactions.  Over time, the proportion of EFTPOS transactions which are purchase only transactions has been growing.  

In 2009, 11.3% of EFTPOS transactions were combined purchases and cash-out, making up 16.8% of the value of EFTPOS transactions, while the remaining 0.8% of transactions were cash-out only.

 

Purchases

Combined transactions

Cash-out only

Total

Purchase component

Cash- out

 

Number

Value

Number

Value

Value

Number

Value

Number

Value

2003

80.9%

73.1%

17.4%

10.7%

14.3%

1.8%

1.9%

100.0%

100.0%

2004

82.1%

75.0%

16.4%

10.1%

13.3%

1.5%

1.6%

100.0%

100.0%

2005

83.5%

76.6%

15.3%

9.5%

12.4%

1.2%

1.4%

100.0%

100.0%

2006

84.8%

78.2%

14.2%

9.0%

11.5%

1.0%

1.2%

100.0%

100.0%

2007

86.0%

80.0%

13.0%

8.2%

10.6%

1.0%

1.2%

100.0%

100.0%

2008

87.4%

81.7%

11.7%

7.6%

9.6%

0.9%

1.2%

100.0%

100.0%

2009

88.0%

82.2%

11.3%

7.4%

9.4%

0.8%

1.0%

100.0%

100.0%

The average value of an EFTPOS transaction in 2009 was $68.73.  This has remained in a very tight range of 48c (from $68.73 to $69.21) over the past four years.  

Combined transactions (i.e. purchase and cash-out) have the highest average value at $102.63, cash-out transactions average $84.58 per transaction while the average value of a purchase only transaction has the smallest average value at $64.25.

 

Average value of an EFTPOS transaction

 

Purchases

Combined transactions

Cash-out only

Total

2003

$60.73

$96.56

$71.76

$67.15

2004

$62.18

$97.21

$75.86

$68.12

2005

$62.73

$98.14

$79.46

$68.35

2006

$63.51

$100.13

$80.64

$68.87

2007

$64.06

$99.33

$85.88

$68.85

2008

$64.67

$101.34

$91.58

$69.21

2009

$64.25

$102.63

$84.58

$68.73

Excluding the series break, which was the result of an increase in coverage of financial institutions, growth rates for use of EFTPOS are remain at around the highest levels in 10 years.

Growth rates presented in the charts below show annual changes.

 

Direct entry

In 2009, there were 2.3 billion direct entry transactions with a total value of $11.9 trillion.   This year, the number of transactions increased by 4.9% (106 million) while the value fell by 1.5% or $178 billion.

 

Credit transfers

Debit transfers

Total

 

Number

Value

Number

Value

Number

Value

 

billion

$trn

billion

$trn

billion

$trn

2002

0.9

$3.2

351

$2.4

1.2

$5.6

2003

1.0

$3.6

401

$2.6

1.4

$6.2

2004

1.1

$4.3

451

$3.1

1.6

$7.4

2005

1.2

$4.9

488

$3.5

1.7

$8.4

2006

1.3

$5.6

514

$4.0

1.8

$9.6

2007

1.4

$6.6

561

$4.7

2.0

$11.3

2008

1.6

$7.0

605

$5.0

2.2

$12.1

2009

1.6

$7.0

646

$4.9

2.3

$11.9

Source: RBA

 

Credit transfers

Debit transfers

Total

%change

Number

Value

Number

Value

Number

Value

2003

10.1%

12.2%

14.4%

10.1%

11.3%

11.3%

2004

14.6%

18.1%

12.4%

19.5%

13.9%

18.7%

2005

10.9%

14.9%

8.3%

13.3%

10.2%

14.2%

2006

7.0%

14.2%

5.3%

13.3%

6.5%

13.8%

2007

8.7%

17.6%

9.1%

17.9%

8.8%

17.8%

2008

8.8%

6.9%

8.0%

6.7%

8.5%

6.8%

2009

4.2%

- 0.6%

6.7%

- 2.7%

4.9%

- 1.5%

Credit transfers made up 71.5% of all direct entry transfers in 2009 and 58.9% of the value while debit transfers made up 28.5% of direct entry transactions and 41.1% of the value. 

 

Credit transfers

Debit transfers

Total

%distbn

Number

Value

Number

Value

Number

Value

2002

71.4%

57.7%

28.6%

42.3%

100.0%

100.0%

2003

70.7%

58.1%

29.3%

41.9%

100.0%

100.0%

2004

71.1%

57.8%

28.9%

42.2%

100.0%

100.0%

2005

71.6%

58.2%

28.4%

41.8%

100.0%

100.0%

2006

71.9%

58.4%

28.1%

41.6%

100.0%

100.0%

2007

71.8%

58.3%

28.2%

41.7%

100.0%

100.0%

2008

72.0%

58.4%

28.0%

41.6%

100.0%

100.0%

2009

71.5%

58.9%

28.5%

41.1%

100.0%

100.0%

The average of a credit transfer in 2009 was $4,318 while the average value of a debit transfer was $5,244.

 

Credit transfers

Debit transfers

Total

 

Average value of a transaction

2002

$3,665

$6,736

$4,542

2003

$3,735

$6,484

$4,542

2004

$3,850

$6,897

$4,732

2005

$3,989

$7,217

$4,907

2006

$4,254

$7,767

$5,242

2007

$4,604

$8,395

$5,672

2008

$4,528

$8,294

$5,584

2009

$4,318

$7,568

$5,244

Accessing cash

Based on the payments methods discussed above, customers of ADIs can access cash using three methods:

  • Cash advances using a credit card
  • Cash-out at an EFTPOS terminal
  • ATM cash withdrawal

 

In 2009, customers of ADIs conducted 1.1 billion transactions with a value of $177.2 billion to access cash using their credit card, an EFTPOS terminal or an ATM.  This amount is virtually unchanged from the previous year. 

ATM withdrawals accounted for 85.5% or $151.5 billion of cash taken out by customers.  The proportion of cash taken out using an ATM has been very stable over the past seven years, ranging from 85.1% to 85.5%.

   

Credit card - cash advances

EFTPOS - cash and combined

ATM withdrawals

Total cash

 

$bn

%contrib

$bn

%contrib

$bn

%contrib

$bn

2003

$10.4

7.3%

$10.9

7.6%

$120.8

85.1%

$142.0

2004

$11.0

7.3%

$11.2

7.4%

$128.7

85.3%

$150.8

2005

$11.5

7.3%

$11.6

7.4%

$134.0

85.3%

$157.1

2006

$12.6

7.7%

$11.9

7.3%

$139.3

85.1%

$163.7

2007

$12.5

7.4%

$12.3

7.3%

$144.9

85.3%

$169.7

2008

$12.9

7.3%

$13.1

7.4%

$151.5

85.4%

$177.5

2009

$11.4

6.5%

$14.2

8.0%

$151.5

85.5%

$177.2

In terms of the number of transactions which involve cash being taken out, ATM withdrawals made up three- quarters of all cash out transactions in 2009 (75.7%) or a total of 843 million.  This is 3.5 times more transactions than for EFTPOS transactions where cash is taken out (241 million).

Over the past seven years, EFTPOS has been the method use for about one in five transactions involving cash being taken out.  In 2009, this was 21.6%.

 

Credit card - cash advances

EFTPOS - cash and combined

ATM withdrawals

Total trans.

 

Million

%contrib

Million

%contrib

Million

%contrib

Million

2003

35.3

3.7%

191.0

20.3%

715.6

76.0%

941.8

2004

36.3

3.7%

195.8

19.7%

760.6

76.6%

992.7

2005

37.4

3.6%

201.8

19.6%

791.9

76.8%

1,031.1

2006

38.2

3.6%

205.4

19.4%

814.7

77.0%

1,058.4

2007

36.7

3.4%

212.2

19.5%

840.2

77.1%

1,089.1

2008

34.5

3.1%

221.6

19.7%

865.8

77.2%

1,121.9

2009

29.9

2.7%

240.9

21.6%

843.2

75.7%

1,114.0

In 2009, EFTPOS transactions involving cash being taken out grew by a strong 8.7% while the number of cash advances and ATM withdrawals fell.

 

Credit card - cash advances

EFTPOS - cash and combined

ATM withdrawals

 

Million

%change

Million

%change

Million

%change

2002

35.7

 

80.7

 

667.0

 

2003

35.3

- 1.3%

191.0

 

715.6

7.3%

2004

36.3

3.0%

195.8

2.5%

760.6

6.3%

2005

37.4

2.9%

201.8

3.1%

791.9

4.1%

2006

38.2

2.3%

205.4

1.8%

814.7

2.9%

2007

36.7

- 4.1%

212.2

3.3%

840.2

3.1%

2008

34.5

- 6.0%

221.6

4.4%

865.8

3.0%

2009

29.9

- 13.3%

240.9

8.7%

843.2

- 2.6%

The average value of cash taken out per transaction varies considerably depending on the payment method.  In 2009, the average value of a cash advance using a credit card was $383, for EFTPOS it was $59 while the average value of an ATM withdrawal was $180.

 

Average value of cash taken out

 

Cash advance

EFTPOS

ATM

2002

$287

$59

$170

2003

$294

$57

$169

2004

$303

$57

$169

2005

$308

$57

$169

2006

$328

$58

$171

2007

$342

$58

$172

2008

$375

$59

$175

2009

$383

$59

$180

The following table provides more detail on transactions where cash is taken out.  That is, it breaks ATM transactions into own ATM and foreign ATM transactions.  This allows analysis as to whether customers are using cheaper methods to access their money, such as using their own ATM and using EFTPOS.

Over the past two years (2008 and 2009), both of these cheaper methods for accessing cash (own ATM and EFTPOS) saw significant increases in usage.  ATM transactions which occurred at a customers own ATM increased by 63 million (14.4%) and EFTPOS transactions which involve cash out increased by 28.7 million (13.5%) over the past two years.

On the other hand, the more expensive methods of accessing cash saw decreases.  Compared with two years ago, there are 6.8 million (18.5%) less cash advances and 60 million (14.9%) less ATM transactions conducted at foreign ATMs.   

Two-thirds of transactions involving cash out now use own ATM or EFTPOS, up by a significant six per cent in 2009 (from 60.6% in 2008).

 

2004

2005

2006

2007

2008

2009

Transactions (million)

 

 

 

 

 

 

Cash advance

36.3

37.4

38.2

36.7

34.5

29.9

EFTPOS (cash)

195.8

201.8

205.4

212.2

221.6

240.9

 

 

 

 

 

 

 

ATM

760.6

791.9

814.7

840.2

865.8

843.2

   . Own ATM

408.9

417.1

429.1

438.3

458.5

501.2

   . Foreign

351.6

374.8

385.6

401.9

407.3

342.0

 

 

 

 

 

 

 

Annual change  (million)

 

 

 

 

 

 

Cash advance

1.0

1.1

0.9

- 1.5

- 2.2

- 4.6

EFTPOS (cash)

4.8

6.0

3.6

6.8

9.4

19.3

 

ATM

45.0

31.3

22.8

25.5

25.6

- 22.6

   . Own ATM

15.8

8.1

12.0

9.3

20.2

42.7

   . Foreign

29.1

23.2

10.8

16.3

5.4

- 65.3

 

 

 

 

 

 

 

%distbn

 

 

 

 

 

 

Cash advance

3.7%

3.6%

3.6%

3.4%

3.1%

2.7%

EFTPOS (cash)

19.7%

19.6%

19.4%

19.5%

19.7%

21.6%

 

 

 

 

 

 

 

ATM

76.6%

76.8%

77.0%

77.1%

77.2%

75.7%

   . Own ATM

41.2%

40.5%

40.5%

40.2%

40.9%

45.0%

   . Foreign

35.4%

36.4%

36.4%

36.9%

36.3%

30.7%

In 2009, just over three million transactions were conducted every day where cash was taken out by customers.  Three-quarters of these were ATM transactions.

per DAY

2004

2005

2006

2007

2008

2009

Transactions (million)

 

 

 

 

 

 

Cash advance

99,474

102,360

104,738

100,496

94,459

81,929

EFTPOS (cash)

536,439

552,912

562,844

581,388

607,032

659,971

 

 

 

 

 

 

 

ATM

2,083,711

2,169,598

2,232,105

2,302,046

2,372,188

2,310,189

   . Own ATM

1,120,368

1,142,674

1,175,536

1,200,885

1,256,297

1,373,214

   . Foreign

963,343

1,026,924

1,056,569

1,101,161

1,115,892

936,975

 

 

 

 

 

 

 

Total

2,719,624

2,824,870

2,899,687

2,983,930

3,073,680

3,052,089

In 2009, nearly half a billion dollars ($485 million) of cash are accessed every day by customers of ADIs using cash advances, EFTPOS or ATMs with 86% of this coming from ATMs.

per DAY

2004

2005

2006

2007

2008

2009

Cash advance

$30.1

$31.6

$34.4

$34.4

$35.4

$31.3

EFTPOS (cash)

$30.6

$31.7

$32.5

$33.8

$35.8

$39.0

ATM

$352.6

$367.1

$381.5

$396.9

$415.2

$415.1

Total

$413.2

$430.4

$448.5

$465.1

$486.4

$485.4


     
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