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.
Over £800 million in cash was withdrawn by personal customers over the counter at Post Offices during the festive period.
The Post Office has confirmed the expansion of its BankHub network, as part of a landmark industry commitment to protect cash and banking services across the UK.
Post Offices in November handled over £3 billion in cash deposits and withdrawals, the highest amount for a single month in its 360-year history.
Post Offices in October handled almost £3 billion in cash deposits and withdrawals continuing the strong performance seen in September.
Post Offices in September handled almost £3 billion in cash deposits and withdrawals.
Post Offices handled £1.03 billion in business cash deposits in August, the highest amount recorded so far this year, despite August traditionally being a quieter month for banking services Business cash deposits were up 2.2% month-on-month and up 23.5% compared with August 2020 as international travel uncertainty meant more cash spent locally at hospitality venues. Recent Post Office survey fou
Post Office saw the highest ever amount of cash withdrawn from its 11,500 branches outside of the traditionally busy December period, according to the latest date from its Cash Tracker.
Total value of cash deposits at Post Offices totalled £2.2 billion, up 17% compared with May (£1.89 billion). This is the highest amount ever deposited in a single month. Business cash deposits exceeded £1 billion for the first time since October 2019 and up almost 24% month-on-month (May 2021, £826 million). Increase in business cash deposits comes after new Post Office research found 70% of UK
‘Save Our Cash’ Day is being held in communities across the country today to raise awareness of the issues faced by the more than eight million people who say they would struggle to survive without cash
The local Post Office in Bletchley is the only place outside the City of London today where the new £50 note can be seen by members of the public.
Total value of cash deposits and withdrawals at Post Offices totalled £2.49 billion in May, up on April (£2.45 billion) Business cash deposits in May totalled £824 million, up 7.2% month-on-month (£769 million, April 2021). In Scotland, business cash deposits were up almost 36% month-on-month (£68.7 million in May) Personal cash deposits exceeded £1 billion for the third successive month totallin
