Cash transactions at post offices totalled £3.33bn in May – the highest level since last September (£3.35bn).
In May, business and personal cash deposits totalled £2.48bn, up 10% month-on-month.
There were over 5.5 million cash deposit transactions across Post Office’s 11,500 branches in May, up 7.5% year-on-year (5.16 million).
Business cash deposits totalled £1.18bn in May – up 10% month-on-month – this was the highest level of business cash deposits since last August (£1.2bn).
Personal cash withdrawals totalled £817m in May, up 7.5% month-on-month. Since 2015, a total of 5,632 banks and building societies have closed or are scheduled to close and more than 500 bank branch closures have been announced for 2023 so far. Post Office has partnerships with over 30 banks, building societies and credit unions meaning that 99% of UK bank customers can access their accounts at their Post Office branch.
Martin Kearsley, Post Office Banking Director, said: “With good weather forecast across the UK for June, postmasters are on hand to support Britain’s pubs, restaurants, ice cream sellers, hoteliers and many others in the hospitality and leisure sector who rely on their local post office to deposit cash takings conveniently, quickly and securely.”
