Personal cash withdrawals over Post Office counters totalled £650.5m in February, up 3.2% month-on-month, despite the impact of Storms Dudley and Eunice.
Business and personal cash deposits totalled £2.08bn in February, down 7% month-on-month, but up almost 40% on a year ago.
Overall, Post Offices handled £2.76bn in cash deposits and withdrawals in February, up from £2.89bn in January.
Post Office says the figures highlight a continued recovery in the use of cash and wider economic recovery from lockdown last year.
The increase in personal cash withdrawals is particularly good news because the Post Office is currently running a charity partnership campaign with the Trussell Trust where 1p from every over-the-counter cash withdrawal is donated to the charity. The Post Office hopes to raise £250,000 by the end of March – so far more than £200,000 has been raised.
Martin Kearsley, Banking Director at Post Office, said: “We are incredibly proud of our partnership with the Trussell Trust and are heartened that customers continue to visit their local Post Office to withdraw cash over the counter. We’re making good progress towards our target of raising £250,000 for the charity and the important services they provide.
“February’s stormy weather impacted people’s ability to leave their home and do their banking on the high street, as well as businesses ability to open and trade. This had a knock-on impact on the amount of cash deposited at our branches. Early indications this month show cash deposit levels returning to normal levels at Post Offices.”
