The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
2012 Diary of Consumer Payment Choice - 2017-12-06 The 2012 Diary of Consumer Payment Choice Table of Contents Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Table 9 Table 10 Table 11 Table 12 Table 13 Table 14 Table 15 Table 16 Table 17 Table 18 All Payments by Type of Instrument in October 2012 Nonbill Payments by Type of Instrument in October 2012 Bill Payments by Type of Instrument in October 2012 All Payments by Type of Consumer Expenditure in October 2012 Nonbill Payments by Type of Consumer Expenditure in October 2012 Bill Payments by Type of Consumer Expenditure in October 2012 All Payments by Type of Consumer Expenditure and Payment Instruments in October 2012 Payment Steering by Type of Consumer Expenditure in October 2012 Nonbill Payments by Device in October 2012 Bill Payments by Location in October 2012 Share of Consumers Using Payment Instruments in October 2012 Number of Payments by Dollar Value of Transaction in October 2012 Cash Holdings by Denomination in October 2012 Cash Deposits by Location in October 2012 Cash Withdrawals by Location in October 2012 Cash Withdrawals by Source of Funds in October 2012 Share of Consumers Managing Their Cash in October Demographics: Gender, Age, Race, and Education ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 1 All Payments by Type of Instrument in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All payments Paper instruments Cash................................................................................ Check or money order..................................................... Check........................................................................... Money order................................................................. Travelers check............................................................... Payment cards Debit............................................................................... PIN debit...................................................................... Non-PIN debit.............................................................. Credit.............................................................................. Prepaid/Gift/EBT card.................................................... Electronic payments Online banking bill payment........................................... Bank account number payment....................................... Text payment Other payment method Unreported payment method* 59.0 27.8 23.7 4.1 3.9 0.2 0.0 25.9 14.4 7.3 7.1 10.2 1.3 4.5 2.6 1.9 0.0 0.8 0.0 Percent share Number per consumer All payments Paper instruments Cash................................................................................ Check or money order..................................................... Check........................................................................... Money order................................................................. Travelers check............................................................... Payment cards Debit............................................................................... PIN debit...................................................................... Non-PIN debit.............................................................. Credit.............................................................................. Prepaid/Gift/EBT card.................................................... Electronic payments Online banking bill payment........................................... Bank account number payment....................................... Text payment Other payment method Unreported payment method* 100.0 47.1 40.2 6.9 6.6 0.3 0.0 43.9 24.4 12.3 12.1 17.3 2.2 7.6 4.4 3.2 0.0 1.4 0.1 69 51 21 228 228 243 0 50 44 44 45 61 22 274 313 219 142 116 69 4043 1424 495 930 890 39 0 1289 638 316 323 622 29 1231 817 415 1 95 2 Value per transaction per consumer — — — — — — — — — — — — — — — — — — — 100.0 35.2 12.2 23.0 22.0 1.0 0.0 31.9 15.8 7.8 8.0 15.4 0.7 30.5 20.2 10.3 0.0 2.3 0.1 * Unreported payment method refers to transactions for which the respondent did not report a payment instrument type. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 2 Nonbill Payments by Type of Instrument in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All nonbill payments Paper instruments Cash................................................................................ Check or money order..................................................... Check........................................................................... Money order................................................................. Travelers check............................................................... Payment cards Debit............................................................................... PIN debit...................................................................... Non-PIN debit.............................................................. Credit.............................................................................. Prepaid/Gift/EBT card.................................................... Electronic payments Online banking bill payment........................................... Bank account number payment....................................... Text payment Other payment method Unreported payment method* 50.7 25.2 23.3 1.9 1.8 0.0 0.0 24.4 13.4 7.0 6.4 9.7 1.3 0.5 0.3 0.2 0.0 0.5 0.0 Percent share Number per consumer All nonbill payments Paper instruments Cash................................................................................ Check or money order..................................................... Check........................................................................... Money order................................................................. Travelers check............................................................... Payment cards Debit............................................................................... PIN debit...................................................................... Non-PIN debit.............................................................. Credit.............................................................................. Prepaid/Gift/EBT card.................................................... Electronic payments Online banking bill payment........................................... Bank account number payment....................................... Text payment Other payment method Unreported payment method* 100.0 49.7 46.0 3.7 3.6 0.0 0.0 48.2 26.4 13.9 12.6 19.2 2.5 1.1 0.6 0.5 0.0 1.0 0.1 42 34 19 223 221 386 0 45 39 40 37 58 22 202 299 86 163 65 48 2122 867 452 415 407 8 0 1110 517 281 236 565 28 110 88 21 1 33 1 Value per transaction per consumer — — — — — — — — — — — — — — — — — — — 100.0 40.9 21.3 19.6 19.2 0.4 0.0 52.3 24.4 13.3 11.1 26.6 1.3 5.2 4.2 1.0 0.0 1.6 0.1 * Unreported payment method refers to transactions for which the respondent did not report a payment instrument type. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 3 Bill Payments by Type of Instrument in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All bill payments Paper instruments Cash................................................................................ Check or money order..................................................... Check........................................................................... Money order................................................................. Travelers check............................................................... Payment cards Debit............................................................................... PIN debit...................................................................... Non-PIN debit.............................................................. Credit.............................................................................. Prepaid/Gift/EBT card.................................................... Electronic payments Online banking bill payment........................................... Bank account number payment....................................... Text payment Other payment method Unreported payment method* 8.3 2.6 0.4 2.2 2.1 0.1 0.0 1.5 1.0 0.2 0.8 0.4 0.0 4.0 2.3 1.6 0.0 0.3 0.0 Percent share Number per consumer All bill payments Paper instruments Cash................................................................................ Check or money order..................................................... Check........................................................................... Money order................................................................. Travelers check............................................................... Payment cards Debit............................................................................... PIN debit...................................................................... Non-PIN debit.............................................................. Credit.............................................................................. Prepaid/Gift/EBT card.................................................... Electronic payments Online banking bill payment........................................... Bank account number payment....................................... Text payment Other payment method Unreported payment method* 100.0 31.2 4.7 26.5 24.9 1.7 0.0 17.5 12.2 2.9 9.3 5.2 0.1 47.5 27.8 19.8 0.1 3.7 0.1 231 214 110 233 234 222 0 123 119 145 111 133 83 284 315 239 120 202 177 1921 557 43 514 483 31 0 179 121 34 86 57 1 1122 728 393 1 62 1 Value per transaction per consumer — — — — — — — — — — — — — — — — — — — 100.0 29.0 2.2 26.8 25.2 1.6 0.0 9.3 6.3 1.8 4.5 3.0 0.1 58.4 37.9 20.5 0.0 3.2 0.0 * Unreported payment method refers to transactions for which the respondent did not report a payment instrument type. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 4 All Payments by Type of Consumer Expenditure in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All payments Food and personal care supplies......................................... Auto and vehicle related..................................................... General merchandise.......................................................... Entertainment and transportation........................................ Housing related.................................................................. Medical, education, and personal services.......................... Financial, professional, miscellaneous services.................. Government and nonprofit.................................................. Gifts and transfers to people............................................... Other/unknown expenditure category................................. 59.0 28.1 7.0 7.5 3.7 3.6 2.5 1.8 1.1 1.9 1.6 Percent share Number per consumer All payments Food and personal care supplies......................................... Auto and vehicle related..................................................... General merchandise.......................................................... Entertainment and transportation........................................ Housing related.................................................................. Medical, education, and personal services.......................... Financial, professional, miscellaneous services.................. Government and nonprofit.................................................. Gifts and transfers to people............................................... Other/unknown expenditure category................................. 100.0 47.7 11.9 12.7 6.3 6.2 4.3 3.1 1.9 3.3 2.7 69 22 74 58 64 246 106 297 106 61 183 4043 619 519 432 236 899 267 547 117 118 289 Value per transaction per consumer — — — — — — — — — — — 100.0 15.3 12.8 10.7 5.8 22.2 6.6 13.5 2.9 2.9 7.1 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 5 Nonbill Payments by Type of Consumer Expenditure in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All nonbill payments Food and personal care supplies......................................... Auto and vehicle related..................................................... General merchandise.......................................................... Entertainment and transportation........................................ Housing related.................................................................. Medical, education, and personal services.......................... Financial, professional, miscellaneous services.................. Government and nonprofit.................................................. Gifts and transfers to people............................................... Unknown expenditure category.......................................... 50.7 28.0 6.6 6.7 2.6 1.2 1.9 0.7 0.8 1.7 0.6 Percent share Number per consumer All nonbill payments Food and personal care supplies......................................... Auto and vehicle related..................................................... General merchandise.......................................................... Entertainment and transportation........................................ Housing related.................................................................. Medical, education, and personal services.......................... Financial, professional, miscellaneous services.................. Government and nonprofit.................................................. Gifts and transfers to people............................................... Unknown expenditure category.......................................... 100.0 55.3 13.0 13.2 5.0 2.4 3.7 1.3 1.6 3.3 1.2 42 21 56 49 43 172 83 282 65 48 52 2122 601 371 328 109 210 154 187 52 79 31 Value per transaction per consumer — — — — — — — — — — — 100.0 28.3 17.5 15.4 5.2 9.9 7.2 8.8 2.5 3.7 1.5 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 6 Bill Payments by Type of Consumer Expenditure in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All bill payments Food and personal care supplies......................................... Auto and vehicle related..................................................... General merchandise.......................................................... Entertainment and transportation........................................ Housing related.................................................................. Medical, education, and personal services.......................... Financial, professional, miscellaneous services.................. Government and nonprofit.................................................. Gifts and transfers to people............................................... Unknown expenditure category.......................................... 8.3 0.2 0.4 0.8 1.1 2.4 0.7 1.2 0.3 0.3 1.0 Percent share Number per consumer All bill payments Food and personal care supplies......................................... Auto and vehicle related..................................................... General merchandise.......................................................... Entertainment and transportation........................................ Housing related.................................................................. Medical, education, and personal services.......................... Financial, professional, miscellaneous services.................. Government and nonprofit.................................................. Gifts and transfers to people............................................... Unknown expenditure category.......................................... 100.0 1.8 5.2 9.3 13.6 29.1 7.9 14.1 3.7 3.5 11.7 231 122 343 134 112 284 173 306 210 136 264 1921 18 149 104 127 689 114 360 64 39 257 Value per transaction per consumer — — — — — — — — — — — 100.0 1.0 7.7 5.4 6.6 35.8 5.9 18.8 3.4 2.0 13.4 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 7 All Payments by Type of Consumer Expenditure and Payment Instruments in October 2012 Percentage share of the number and value of transactions at the given type of consumer expenditure Number of Transactions Cash All payments Food and personal care supplies.............................. Auto and vehicle related......................................... General merchandise............................................... Entertainment and transportation............................ Housing related....................................................... Medical, education, and personal services.............. Financial, professional, miscellaneous services....... Government and nonprofit...................................... Gifts and transfers to people.................................... Unknown expenditure category............................... 40.0 50.2 35.3 28.8 38.9 8.4 27.3 15.4 43.8 68.3 19.8 Value of Transactions Cash All payments Food and personal care supplies.............................. Auto and vehicle related......................................... General merchandise............................................... Entertainment and transportation............................ Housing related....................................................... Medical, education, and personal services.............. Financial, professional, miscellaneous services....... Government and nonprofit...................................... Gifts and transfers to people.................................... Unknown expenditure category............................... 12.4 29.6 18.7 11.4 13.3 4.8 7.1 2.2 5.7 40.2 4.8 Check Credit 6.6 1.6 3.1 5.0 7.5 25.3 16.9 17.4 38.3 9.1 20.2 17.4 17.1 22.4 26.0 14.7 14.3 19.9 6.7 3.7 3.9 5.8 Check Credit 22.3 4.6 22.7 13.2 10.4 31.3 23.9 35.8 48.4 21.9 18.6 15.4 25.0 16.8 32.1 21.3 6.9 27.0 7.0 5.5 4.2 2.5 Debit PP 24.4 26.8 31.5 30.6 17.6 13.7 22.0 11.3 3.3 7.1 12.4 2.3 3.5 1.7 1.4 3.0 0.2 0.2 0.1 0.0 0.0 0.0 Debit PP 15.8 34.9 23.0 25.4 19.2 6.8 18.5 3.2 2.7 4.0 4.4 0.8 3.3 0.5 0.8 0.8 0.1 0.0 0.0 0.0 0.0 0.0 BANP OBBP Other 3.2 0.0 1.9 2.8 6.7 10.5 3.8 23.0 3.9 2.9 19.6 4.4 0.1 2.0 3.9 8.5 22.7 6.5 21.5 5.3 7.2 17.5 1.7 0.6 2.0 1.5 3.2 5.0 3.3 4.5 1.7 1.5 4.6 BANP OBBP Other 10.6 0.1 5.0 3.4 11.6 14.5 7.6 18.5 7.9 5.6 31.0 19.5 1.1 11.0 12.6 18.9 31.1 10.4 31.3 26.6 17.8 33.0 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 3.2 1.4 2.3 1.0 4.4 4.5 5.5 2.0 3.2 6.3 5.6 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 8 Payment Steering by Type of Consumer Expenditure in October 2012 Percentage share of cash, debit and credit transactions Percent Share All payments Food and personal care supplies.............................. Auto and vehicle related......................................... General merchandise............................................... Entertainment and transportation............................ Housing related....................................................... Medical, education, and personal services.............. Financial, professional, miscellaneous services....... Government and nonprofit...................................... Gifts and transfers to people.................................... Other/unknown expenditure category...................... All 2.5 1.4 6.6 4.9 1.6 4.0 0.9 1.5 0.0 0.2 1.9 Cash 1.8 0.9 7.0 3.6 1.6 0.0 1.2 1.6 0.0 0.0 1.7 Discount Debit 1.8 1.6 2.5 1.6 0.7 5.2 1.3 0.0 0.0 0.0 1.1 Credit 4.2 1.7 7.1 10.0 2.5 4.7 0.0 0.0 0.0 4.3 4.3 Surchage Credit 1.2 0.8 4.8 0.1 0.0 0.5 0.0 3.6 0.0 0.0 0.0 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 9 Nonbill Payments by Device in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All nonbill payments In-person No device........................................................................ Computer........................................................................ Tablet.............................................................................. Mobile............................................................................. Phone.............................................................................. Mail................................................................................. Unreported device........................................................... Not in-person No device........................................................................ Computer........................................................................ Tablet.............................................................................. Mobile............................................................................. Phone.............................................................................. Mail................................................................................. Unreported device........................................................... Unreported location* 50.7 47.3 45.0 0.5 0.1 0.1 0.0 0.1 1.6 3.3 0.9 1.5 0.1 0.3 0.1 0.4 0.0 0.0 42 36 34 97 48 30 29 79 54 131 118 137 53 59 111 228 42 64 2122 1687 1541 44 3 4 1 10 84 433 108 206 6 15 13 84 1 2 Percent share Number per consumer All nonbill payments In-person No device........................................................................ Computer........................................................................ Tablet.............................................................................. Mobile............................................................................. Phone.............................................................................. Mail................................................................................. 100.0 93.4 88.7 0.9 0.1 0.3 0.1 0.2 — — — — — — — — 100.0 79.5 72.6 2.1 0.1 0.2 0.1 0.5 Unreported device........................................................... Not in-person No device........................................................................ Computer........................................................................ Tablet.............................................................................. Mobile............................................................................. Phone.............................................................................. Mail................................................................................. 3.1 6.5 1.8 3.0 0.2 0.5 0.2 0.7 — — — — — — — — 3.9 20.4 5.1 9.7 0.3 0.7 0.6 3.9 Unreported device........................................................... Unreported location* 0.1 0.1 — — 0.1 0.1 Value per transaction per consumer * Unreported location refers to transactions for which the respondent did not report a location. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 10 Bill Payments by Location in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All bill payments In-person Not in-person Automatic bill payment................................................... 8.3 1.0 7.3 3.1 Percent share Number per consumer All bill payments In-person Not in-person Automatic bill payment................................................... 100.0 12.4 87.6 37.0 231 218 233 221 1,921 226 1,695 680 Value per transaction per consumer — — — — 100.0 11.7 88.3 35.4 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 11 Share of Consumers Using Payment Instruments in October 2012 Percentage of consumers using a payment instrument in a given time span All Payments Percentage of consumers 1-Day 3-Day Nonbill Payments 1-Day 3-Day Bill Payments 1-Day 3-Day Any instrument Paper instruments Cash............................................................... Check or money order.................................... Check.......................................................... Money order................................................ Travelers check.............................................. Payment cards Debit.............................................................. PIN debit.................................................... Non-PIN debit............................................. Credit............................................................. Prepaid/Gift/EBT card................................... Electronic payments Online banking bill payment.......................... Bank account number payment...................... Text payment Other payment method Unreported payment method* 70.9 46.9 44.4 5.2 5.0 0.1 0.0 45.2 26.3 16.0 14.5 20.0 3.4 1.4 0.8 0.6 0.0 1.4 0.1 17.0 5.4 1.0 4.6 4.3 0.3 0.0 3.5 2.3 0.6 1.8 1.2 0.0 9.4 5.0 4.6 0.0 0.8 0.0 74.9 49.5 44.9 9.3 8.9 0.4 0.0 46.7 27.3 16.2 15.6 20.6 3.5 10.1 5.5 5.0 0.0 2.2 0.1 93.4 76.9 71.7 21.8 20.6 1.2 0.0 71.4 45.7 31.6 29.2 35.0 7.4 23.8 12.9 12.3 0.1 5.3 0.3 91.6 74.0 71.2 12.5 12.1 0.4 0.0 69.9 44.0 31.1 26.8 34.5 7.3 3.7 2.1 1.8 0.1 3.2 0.2 37.6 13.7 2.6 11.8 10.9 0.9 0.0 8.8 6.0 1.6 4.7 2.9 0.1 22.1 11.9 11.3 0.0 2.2 0.1 * Unreported payment method refers to transactions for which the respondent did not report a payment instrument type. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 12 Number of Payments by Dollar Value of Transaction in October 2012 Top: Number of transactions within each dollar value range Bottom: Share of transactions within each dollar value range $10 to Average number $0 to $9.99 $24.99 $25 to $49.99 $50 to $99.99 Over $100 All payments Paper instruments Cash..................................................................... Check or money order.......................................... Check................................................................ Money order..................................................... Travelers check.................................................... Payment cards Debit.................................................................... PIN debit.......................................................... Non-PIN debit.................................................. Credit................................................................... Prepaid/Gift/EBT card......................................... 20.2 13.4 13.2 0.1 0.1 0.0 0.0 6.5 3.7 1.8 2.0 2.1 0.7 14.1 7.0 6.4 0.6 0.6 0.0 0.0 6.7 3.8 1.9 1.9 2.7 0.2 9.9 3.2 2.3 0.9 0.9 0.0 0.0 5.8 3.3 1.7 1.5 2.3 0.2 7.0 1.9 1.1 0.8 0.8 0.0 0.0 4.0 2.2 1.2 1.0 1.7 0.1 7.7 2.4 0.7 1.6 1.5 0.1 0.0 2.8 1.4 0.7 0.7 1.3 0.0 Electronic payments Online banking bill payment................................ Bank account number payment............................ Text payment Other payment method Unreported payment method* 0.1 0.0 0.1 0.0 0.3 0.0 0.3 0.2 0.1 0.0 0.1 0.0 0.8 0.4 0.3 0.0 0.1 0.0 0.9 0.5 0.4 0.0 0.1 0.0 2.4 1.4 0.9 0.0 0.2 0.0 Percent share within each range $0 to $9.99 $10 to $24.99 $25 to $49.99 $50 to $99.99 Over $100 All payments Paper instruments Cash..................................................................... Check or money order.......................................... Check................................................................ Money order..................................................... Travelers check.................................................... Payment cards Debit.................................................................... PIN debit.......................................................... Non-PIN debit.................................................. Credit................................................................... Prepaid/Gift/EBT card......................................... Electronic payments Online banking bill payment................................ Bank account number payment............................ Text payment Other payment method Unreported payment method* 100.0 66.0 65.3 0.7 0.7 0.0 0.0 31.9 18.4 8.7 9.7 10.2 3.4 0.5 0.1 0.4 0.0 1.5 0.0 100.0 49.4 45.4 4.0 3.9 0.1 0.0 48.0 26.9 13.4 13.5 19.4 1.6 2.0 1.2 0.8 0.0 0.6 0.0 100.0 32.0 22.9 9.1 8.8 0.3 0.0 59.1 33.1 17.7 15.3 23.7 2.4 7.9 4.5 3.4 0.0 0.8 0.1 100.0 27.5 15.8 11.7 11.6 0.1 0.0 57.4 31.6 17.0 14.6 24.4 1.4 13.5 7.7 5.8 0.0 1.5 0.1 100.0 30.4 9.2 21.2 19.8 1.4 0.0 35.9 17.9 8.7 9.2 17.4 0.6 30.5 18.4 12.1 0.1 3.0 0.1 * Unreported payment method refers to transactions for which the respondent did not report a payment method. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 13 Cash Holdings by Denomination in October 2012 Mean and median number and value of end-of-day holdings Average All bills $1....................................................................................... $2....................................................................................... $5....................................................................................... $10..................................................................................... $20..................................................................................... $50..................................................................................... $100................................................................................... Percent Share All bills $1....................................................................................... $2....................................................................................... $5....................................................................................... $10..................................................................................... $20..................................................................................... $50..................................................................................... $100................................................................................... Number per consumer Mean Median 5.8 2.8 0.0 0.8 0.5 1.6 0.1 0.1 4.3 2.0 0.0 0.4 0.0 0.7 0.0 0.0 Number per consumer Mean Median 100.0 47.5 0.4 13.2 9.0 26.8 1.2 1.8 — — — — — — — — Value per consumer Mean Median 57 3 0 4 5 31 4 11 25 2 0 2 0 13 0 0 Value per consumer Mean Median 100.0 4.8 0.1 6.7 9.2 54.4 6.3 18.6 — — — — — — — — ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 14 Cash Deposits by Location in October 2012 Top: Dollar value per transaction, dollar value per consumer and number of transactions per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All deposits ATM.................................................................................. Bank teller.......................................................................... Other location..................................................................... Unreported location*.......................................................... 0.86 0.24 0.44 0.16 0.02 Percent share Number per consumer All deposits ATM.................................................................................. Bank teller.......................................................................... Other location..................................................................... Unreported location*.......................................................... 100.0 28.0 51.1 18.7 2.3 320 140 353 508 238 276 34 156 82 5 Value per transaction per consumer — — — — — 100.0 12.2 56.4 29.6 1.7 * Unreported location refers to transactions for which the respondent did not report a location. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 15 Cash Withdrawals by Location in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All withdrawals ATM............................................................................... Retail or grocery store..................................................... Bank teller....................................................................... Family or friend............................................................... Check cashing store......................................................... Employer......................................................................... Cash refund from returning goods................................... Other location................................................................. Unreported location*....................................................... 5.0 1.3 0.5 0.6 1.6 0.1 0.4 0.1 0.4 0.0 Percent share Number per consumer All withdrawals ATM............................................................................... Retail or grocery store..................................................... Bank teller....................................................................... Family or friend............................................................... Check cashing store......................................................... Employer......................................................................... Cash refund from returning goods................................... Other location................................................................. Unreported location*....................................................... 100.0 25.4 10.4 11.9 31.1 2.0 7.9 2.2 8.4 0.6 107 105 30 219 61 212 231 34 89 272 540 134 16 132 95 21 92 4 38 9 Value per transaction per consumer — — — — — — — — — — 100.0 24.8 2.9 24.3 17.6 3.9 17.1 0.7 7.0 1.6 * Unreported location refers to transactions for which the respondent did not report a location. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 16 Cash Withdrawals by Source of Funds in October 2012 Top: Number of transactions per consumer, dollar value per transaction, and dollar value per consumer Bottom: Percent share of transactions and dollar value per consumer Value Number per Average consumer per transaction per consumer All withdrawals Bank account Checking account............................................................ Savings or other bank account......................................... Payment instrument Cashing a check.............................................................. Credit card cash advance................................................. Prepaid card cash withdrawal.......................................... Salary, wages or tips Another person Other source Unreported source* 5.0 2.0 1.8 0.2 0.9 0.4 0.4 0.1 0.1 1.5 0.5 0.1 Percent share Number per consumer All withdrawals Bank account Checking account............................................................ Savings or other bank account......................................... Payment instrument Cashing a check.............................................................. Credit card cash advance................................................. Prepaid card cash withdrawal.......................................... Salary, wages or tips Another person Other source Unreported source* 100.0 39.1 36.0 3.1 17.6 8.4 8.1 1.1 1.7 29.0 10.2 2.4 107 113 109 157 172 166 176 201 121 62 94 138 540 223 198 25 153 70 72 11 10 90 48 16 Value per transaction per consumer — — — — — — — — — — — — 100.0 41.2 36.6 4.6 28.3 13.0 13.2 2.0 1.9 16.6 8.9 3.1 * Unreported source refers to transactions for which the respondent did not report a source. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 17 Consumers holding cash denominations, depositing, and withdrawing Share of consumers holding cash denominations, depositing and withdrawing in October Percentage of consumers 1-Day 3-Day Held bills $1......................................................................................................................... $2......................................................................................................................... $5......................................................................................................................... $10....................................................................................................................... $20....................................................................................................................... $50....................................................................................................................... $100..................................................................................................................... 80.7 65.1 1.7 44.5 33.9 49.3 5.1 5.0 88.3 76.9 2.2 59.5 47.5 60.5 6.4 6.4 Made deposits (location) ATM.................................................................................................................... Bank teller........................................................................................................... Other location...................................................................................................... Unreported location*........................................................................................... 2.4 0.8 1.3 0.3 0.0 6.4 2.0 3.7 0.9 0.1 Made withdrawals (location) ATM.................................................................................................................... Retail or grocery store.......................................................................................... Bank teller........................................................................................................... Family or friend................................................................................................... Check cashing store............................................................................................. Employer.............................................................................................................. Cash refund from returning goods........................................................................ Other location...................................................................................................... Unreported location*........................................................................................... 14.4 4.4 1.6 1.9 4.4 0.3 1.3 0.3 1.2 0.1 33.0 11.3 4.3 5.1 10.9 0.8 2.9 0.9 3.0 0.4 Made withdrawals (source) Checking account................................................................................................. Savings or other bank account.............................................................................. Salary, wages or tips............................................................................................ Cashing a check................................................................................................... Credit card cash advance..................................................................................... Prepaid card cash withdrawal.............................................................................. Another person..................................................................................................... Other source......................................................................................................... Unreported source**............................................................................................ 14.4 5.8 0.6 1.3 1.3 0.2 0.2 4.1 1.3 0.5 33.0 15.2 1.6 2.8 3.6 0.4 0.5 10.2 3.6 1.3 * Unreported location refers to transactions for which the respondent did not report a location. ** Unreported source refers to transactions for which the respondent did not report a source. ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent. 2012 Diary of Consumer Payment Choice - 2017-12-06 Table 18 Demographics: Gender, Age, Race, and Education Percentage of consumers Un-weighted Weighted Gender Male..................................................................................................................... Female................................................................................................................. 39.9 60.1 48.1 51.9 Age 18–24................................................................................................................... 25–34................................................................................................................... 35–44................................................................................................................... 45–54................................................................................................................... 55–64................................................................................................................... 65 and older......................................................................................................... 5.6 21.0 15.3 20.4 22.1 15.6 7.8 22.7 15.9 19.5 16.3 17.7 Race White................................................................................................................... Black.................................................................................................................... Asian.................................................................................................................... Other.................................................................................................................... 78.4 11.2 2.3 8.2 76.4 11.9 2.1 9.6 Ethnicity Hispanic or Latino................................................................................................ 15.9 17.6 Education No high school diploma....................................................................................... High school.......................................................................................................... Some college........................................................................................................ College................................................................................................................. Post-graduate study.............................................................................................. 3.8 15.8 26.0 37.2 17.1 8.2 34.7 19.4 25.8 11.9 Household Income Less than $25,000................................................................................................ $25,000 to $49,999.............................................................................................. $50,000 to $74,999.............................................................................................. $75,000 to $99,999.............................................................................................. $100,000 to $124,999.......................................................................................... $125,000 to $199,999.......................................................................................... Greater than $200,000.......................................................................................... 22.3 27.4 19.5 11.8 9.0 7.6 2.4 23.6 25.5 18.2 11.9 9.9 8.4 2.4 ©2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. Proprietary and Confidential. Do not release or disclose to unauthorized parties without the prior written consent.
@FedFRASER