Revolut reveals Brits are donating more since the coronavirus outbreak

UK challenger bank Revolut has noticed that UK citizens across all age groups have donated 59% more than usual since the beginning of March this year.

During that time, Save The Children (21%), IGLA Europe (15%) and Movember (2%) saw a 21%, 15% and 2% increase respectively.

People in Edinburgh seemed to be in a particularly charitable mood, with the city seeing a 313% increase in donations over the time period. Sheffield  saw a 177% increase and Belfast and Cambridge enjoyed a 168% and 159% increase respectively.

Revolut also noted that donations for COVID-19 frontline charities soared during the period, with donations to Revolut’s charity partners seeing donations reaching over £660,000 across Europe, and £125,000 in the UK in a matter of weeks.

Outside of the Donations feature, spending analysis on Revolut cards showed that the average transaction volume for rose by 355%, driven by consumer support of families and individuals struck by the virus, while Virgin Money Giving saw an average transaction increase of 112% – largely down to the successful #5for5 and #runforheroes campaigns.

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