New research shows Post Offices deliver lifeline to struggling high streets, providing an extra £1.1bn revenue to other businesses
New research has revealed how important having a Post Office is to the survival of the UK’s High Streets.
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Cash deposits at Post Office return to pre-Covid levels and top £2 Billion – September cash deposits higher than any month so far in 2020
Cash deposits by business and personal customers at Post Office branches in September were up 7.7% on same month last year. Branches saw the highest amount of deposits in a single month (£2 billion) and this was the first time since February, before lockdown, that cash deposits exceeded the equivalent month in 2019.
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Post Office Cash Tracker – Business cash deposits at Post Office rise a further 3.1% in August, highlighting signs of economic recovery
Business cash deposits up 3.1% on July and up 165.6% (£831 million) on April lows, when lockdown measures were in place across the UK and business cash deposits totalled £313 million. Personal cash deposits were up 16.3% year-on-year in August, markedly exceeding levels seen pre-pandemic. Total cash deposits for business and personal customers reached £1.8 billion for the month, while tot -
Post Office Cash Tracker - Use of cash in July up 24% at Post Office
Cash deposits and withdrawals at Post Office counters amounted to £2.4 billion in July. This is around £450 million higher (+24%) compared with June (£1.94 billion)
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Holiday Money Index reveals that demand for holiday money is recovering post-lockdown, while sterling is up against all key currencies
In its first Holiday Money Index of 2020 measuring exchange rate movements and foreign currency sales, Post Office Travel Money reports that demand for holiday money in July showed a positive recovery trend after the prolonged slump during lockdown. At the same time, sterling has held its value and is now worth more against all major holiday currencies than in August 2019.
In particular, the U -
Coutts joins Post Office Banking Framework
Coutts, wealth manager and private bank, has today joined the Post Office’s Banking Framework, allowing its customers to undertake banking services such as making cash withdrawals, deposits or paying in cheques at any of the Post Office’s 11,500 branches – the UK’s biggest retail network.
The agreement means that Coutts becomes the 30th financial institution to join the Framework, which include -
Post Office resumes Travel Money service
Post Office TravelMoney is re-activating its online foreign exchange service and its branch pre-order operation, both of which were suspended in late March at the start of lockdown. This means that the UK’s largest provider of foreign currency, which accounts for one-in-four of all UK currency transactions, will again offer a wide range of Travel Money services across the UK.
As a result of th -
Post Office sees 30% increase in fast track mail service use during Covid-19
Drop & Go, the Post Office’s fast track service for businesses and online sellers sending parcels, has seen a 30% increase in use since Mid-March as small businesses seek new ways to continue trading during lockdown.
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Post Office launches Historical Shortfall Scheme for Postmasters
The Post Office today (1 May 2020) announced the launch of a claims scheme for current and former postmasters who believe they have experienced shortfalls related to previous versions of its computer system Horizon.
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Post Office makes access to cash products available faster to help self-isolating individuals during coronavirus pandemic
Post Office is making two of its products – ‘Payout Now’ and ‘Fast PACE’ (a pre-authorised cheque encashment service) available to all UK’s banks, building societies and credit unions.
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Post Office and Payzone networks to become exclusive bill payments provider for British Gas
New long-term bill payment contract signed with British Gas All British Gas customers can pay bills and top up prepaid meters at any Post Office and Payzone location from 1 January 2020 The contract win will drive footfall to Post Office and Payzone retailers
A new, exclusive long-term contract has been awarded to Payzone Bill Payments Limited, part of Post Office Gr -
Post Office launches two new credit cards in partnership with Capital One
● New credit cards available from today in partnership with Capital One
● Classic Card can offer 0% interest purchase and Balance Transfer rates for up to 18 months
● Travel Card offers no foreign exchange fees when you spend abroad
Post Office has today announced the launch of two new credit cards with its partner Capital One - which are available online at https://www.postoffice.co.uk/c
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