Automated Banking Machines (ABMs) remain an important banking service in Canada and many Canadians still rely on ABMs to withdraw cash, make deposits, pay bills and transfer funds. As the availability of digital services continues to shape the way Canadians manage their finances, a growing number of banking customers are transitioning towards online banking platforms to conduct banking transactions such as bill payments and transfers. This shift is contributing to a decline in the use of ABMs to conduct some banking transactions over time.

Chart: Number of transactions at bank-owned ABMs as of October 2022.

chart indicating the number of transactions at bank-owned ABMs as of October 2022

Looking for love in all the wrong places

Romance scams are among the most common scams according to the Canadian Anti‑Fraud Centre, costing Canadians more than $50.3 million in losses in 2023.

More Videos

Your Money Students - 2023 Year in Review

Your Money Seniors - 2023 Year in Review

Demands for gift cards in payment of a debt or bill? Don’t get scammed