When the penny drops

Page last updated at 10:44 GMT, Wednesday, 13 June 2012 11:44 UK

Cash machine
New technology to enable people to withdraw money from cash machines using their smartphone has been unveiled.

Nearly 10 times as many 5 notes are being dispensed from cash machines than in the summer of 2010, the Bank of England says.

The use of cash machines in the UK hit a record level in 2011, with 191bn withdrawn over the year, figures show.

FEATURES, VIEWS & ANALYSIS
The chances of finding a fiver in an ATM are rising
What the end of cheques will mean for you
Will the way we pay change how we dress?

VIDEO FEATURE
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Can you live for a day without cash?

OTHER TOP STORIES
FEATURES, VIEWS & ANALYSIS
Tips on preventing card fraud and your rights
How currency has changed over time
Are coin fairs the new investment clubs?

PENNY BASICS
Cheques: Earliest recorded UK cheque dated 16 February, 1659, for 400
Cash: Payments with new technology are predicted to outstrip cash by 2015
Cards: Debit card chips can be embedded in everyday items like mobiles and watches
Shops: Some retailers prefer cash because it costs less to process

VIDEO & AUDIO REPORTS
IN PICTURES
Coin fair Fun of the coin fair
Midland Coin Fair where hobbyists and investors meet

Banknotes Good as gold
How to piece together a damaged note

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