Press release -
Cash deposits and withdrawals total £3.3 billion at Post Offices
New figures released today (24 March) reveal that Post Offices handled £3.3 billion in February.
January and February are traditionally quieter months for cash transactions at Post Offices following the Christmas high and February being a short month.
In February, personal cash deposits totalled £1.43 billion, down 8.9% month-on-month (£1.57 billion, January 2025) but up 11% year-on-year (£1.28 billion, February 2024). The 11% increase comes despite February 2024 being a leap year.
In February, business cash deposits totalled £1.06 billion, down 3.8% month-on-month (£1.11 billion, January 2025) and down 0.2% year-on-year (£1.06 billion, February 2024).
In February personal cash withdrawals totalled £820 million, down 0.9% month-on-month (£828 million, January 2025) and up 1.7% year-on-year (£806 million, February 2024).
Ross Borkett, Post Office Banking Director, said:
“Being able to access and budget with cash remains vital for millions of people every day. the annual increase in February’s personal cash deposit figures underscores the importance of having somewhere convenient and secure to deposit cash for the millions of people who continue to use and rely on it.”
Post Office Cash tracker data – February 2025
Business cash deposits
Personal cash deposits
Personal cash withdrawals
Banking Hubs
As at 19 March 2025, 140 hubs have been opened in partnership between Cash Access UK and the Post Office. 224 Banking Hubs have now been announced by LINK with further openings planned for later this year.
[1] Figures for cash deposits value and cash withdrawals value by country have been rounded to the nearest million. This is why value figures per country will not add up exactly to the total for the UK.
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About the Post Office
- With over 11,500 branches, Post Office has the biggest retail network in the UK, with more branches than all the banks and building societies combined.
- Post Office is helping anyone who wants cash to get it whichever way is most convenient. Partnership with over 30 banks, building societies and credit unions means that 99% of UK bank customers can access their accounts at their Post Office.
- Cash withdrawals, deposits and balance enquiries can be made securely and conveniently over the counter at any Post Office; and the biggest investment by any organisation or company in the last decade is being made to safeguard 1,400 free-to-use ATMs across the UK.
- Post Office is simplifying its proposition for Postmasters with a focus on its cash and banking; mails and parcels; foreign exchange; and; bill payments services.
- Research has found that visits to the Post Office help drive another 400 million visitors to other shops, restaurants and local businesses equating to an estimated £1.1 billion in additional revenue for High Street businesses.
- 99.7% of the population live within three miles of a Post Office; and 4,000 branches are open seven days a week.
