Research | WSJ | The Number of ATMs Has Declined as People Rely Less on Cash | Cash & Checks from c. 40% in 2010 to c. 10% in 2023, with biggest drop during pandemic

The number of automated teller machines has fallen every year since 2019.

The slow move toward a cashless society is helping to send the ubiquitous ATM into decline around the U.S., presenting challenges for those who still largely rely on cash.

After peaking at 470,000 ATMs in the U.S. in 2019, the number of machines has declined annually over the past few years to 451,500 at the end of 2022, according to data tracked by research firm Euromonitor International. The reason: Many people quit using cash during the pandemic and haven’t gone back, said Kendrick Sands, consumer finance research manager for the London-based firm.