Post offices handled £3.18bn worth of cash transactions in February, slightly down on the £3.37bn worth of transactions in the longer month of January.
The Post Office data shows there was £806m in personal cash withdrawals at Post Office’s 11,500 branches, up 15% year-on-year and up 3.6% month-on-month.
Personal cash deposits totalled £1.28bn, up 6.2% year-on-year, but down on the £1.42bn personal cash deposits in January.
Business cash deposits totalled £1.06bn, up 6.7% year-on-year, but a decline on the £1.14bn business cash deposits in January.
Ross Borkett, Post Office Banking Director, said: “Postmasters and their teams keep their branches open long hours enabling people to access their cash conveniently and securely and they value face-to-face interaction when doing their everyday banking.
“February’s cash withdrawal and deposit figures suggests that a significant number of people and businesses continue to rely on being able to access their cash, for free, at their local post office in order to help with day-to-day management of their finances.”
Post Office has partnerships with more than 30 banks, building societies and credit unions meaning that 99% of UK bank customers can access their accounts at their local branch.
