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New figures today reveal Post Office continued to handle record amounts of cash in August, despite the fact it is traditionally a quieter month for cash transactions at its branches. Cash transactions in September had initially been on track to hit even higher levels at Post Office’s 11,500 branches.
Post Offices handled a record £801 million in personal cash withdrawals in July, up almost 8% month-on-month (£744 million, June 2022) Post Office attributes increase to more Brits taking staycations in the UK and people increasingly relying on cash to manage their budget Only second time that personal cash withdrawals have exceeded £800 million (previous time was December 2021 when there’s alway
Buying ice cream revealed as no.1 cash purchase on UK holidays Brits carry twice as much cash whilst on holiday in the UK Week commencing 25 July set to be peak UK staycation period 76 per cent of Brits have been on a staycation in the last 5 years New research from the Post Office has today revealed Brits’ spending habits when taking a UK staycation.Brits have picked up a penchant for st
Post Offices handled a record £3.23 billion in cash in May. This was the third successive month where over £3 billion has been deposited and withdrawn in a single month.
Welcoming the announcement in the Queen’s Speech that the Government will bring forward legislation that will protect people’s access to cash, Nick Read, Chief Executive at the Post Office, said:“In many places across the country, Postmasters already operate the last counter in town. We launched our “Save Our Cash” campaign last year precisely because millions of people and businesses rely on
Post Offices handled over £3 billion in cash in April for the second consecutive month
Two BankHubs at Rochford and Cambuslang, operated by the Post Office in partnership with the banks, today (28 April) celebrate their one-year anniversary.
Post Office’s 11,500 branches handled a record £3.2 billion in March, significantly up from figures for February (£2.7bn) and January (£2.9bn), both impacted by on-going Covid-19 uncertainties and stormy weather Personal cash deposits up 15% month-on-month (£1.31bn, March 2022) Business cash deposits up 15% month-on-month (£1.09bn, March 2022) and first time exceeded a billion since December Per
Personal cash withdrawals over Post Office counters totalled £650.5 million in February. Up 3.2% month-on-month
In 2021, total cash deposits and withdrawals by business and personal customers at Scotland’s 1300 Post Offices rose to a total of [£2.41bn], up 11% per cent compared with [£2.18] bn in 2020.
Cash deposits at Post Offices were up almost 50% in January compared with a year ago.
Post Office has today announced that it has secured the continuation of an agreement to handle bank account cash deposits and withdrawals for a further three years – ensuring a continued ‘lifeline’ for the millions of people and small businesses nationwide that rely on cash.
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