Tags: cash & banking
Record £801 million in cash is withdrawn at Post Office counters over festive period
Over £800 million in cash was withdrawn by personal customers over the counter at Post Offices during the festive period.
Post Office expands critical support of branchless communities, as BankHub rollout is announced
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.
Cash deposits and withdrawals top £3 billion at Post Offices for first time
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.
October Post Office cash deposits and withdrawals exceed £2.9 billion for second month running
Post Offices in October handled almost £3 billion in cash deposits and withdrawals continuing the strong performance seen in September.
Post Office’s crucial role with cash featured in new BBC programme about the journey of cash from Bank of England to a Post Office
Dom Delivers is a fascinating and entertaining new BBC1 daytime programme about logistics, with one episode highlighting Post Office’s crucial role in the journey of cash.
Cash deposits and withdrawals on course to top £3 billion a month at Post Offices
Post Offices in September handled almost £3 billion in cash deposits and withdrawals.
Post Offices record highest amount of business cash deposits all year
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
Record amount withdrawn at Post Offices in July – up 14% year-on-year as consumers continue to spend their cash
Post Office saw the highest ever amount of cash withdrawn from its 11,500 branches outside of the traditionally busy December period, according to the latest date from its Cash Tracker.
Record amount deposited at Post Offices in June; business cash deposits exceed £1 billion for first time in over 18 months as consumers spend their cash after over a year of restrictions
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 shines light on eight million Brits reliant on cash, demonstrating urgent need to make access a legal right
‘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
New £50 note featuring Alan Turing available at Bletchley Post Office
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.
Business cash deposits up over 7% in May at Post Offices; personal cash deposits and withdrawals hold steady during one of wettest May’s on record
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
Post Office launches major new campaign to ‘save our cash’
The Post Office has launched a major new campaign today calling on government and industry to work together to ‘Save Our Cash’.
Business cash deposits up almost 9% in April at Post Offices
Total value of cash deposits and withdrawals at Post Offices totalled £2.45 billion in April, in line with March (£2.44 billion) Business cash deposits in April totalled £769 million, up 8.8% month-on-month (£707 million, March 2021) as non-essential businesses re-opened on 12 April Personal cash deposits exceeded £1 billion for the second successive month totalling £1.07 billion, dipping 3.8% m
BankHubs launch to provide communities with vital cash and banking services from their local Post Office
Two ‘BankHubs’ have opened as part of the Communities Access to Cash Pilots (CACP) initiative. The new centres in Rochford and Cambuslang will provide local customers with basic banking and cash services, as well as dedicated rooms where they can see community bankers from their own bank.
Cash deposits and withdrawals at highest level since last October as businesses and consumers prepare for retail reopening
Latest data from the Post Office’s March Cash Tracker shows cash deposits and withdrawals returned to pre-lockdown levels
February cash deposits flat month-on-month during lockdown, while personal cash withdrawals up 4.6%
Latest data from the Post Office’s February Cash Tracker
Business cash deposits down over 40% year-on-year, while personal customers continue to rely on Post Office for depositing cash during lockdown
Latest data from the Post Office’s January Cash Tracker shows the impact the Covid-19 pandemic has had on small businesses and the self-employed with business cash deposits down over 40% compared to January 2020. In contrast, personal cash deposits were up 4.6%.
Personal cash withdrawals and deposits up over 5% in December
Over £1.6 billion was withdrawn and deposited by personal customers at Post Office’s 11,500 branches in December. Over 5% (£91 million) more compared with November Personal cash withdrawals in December totalled £640.7 million, up 14% on November when much of the UK was in lockdown. Personal cash deposits totalled £978.6 million, up 1.3% on November Post Offices are open long hours throughout the
Personal Cash deposits in November dip only 2% month-on-month – but lockdown in England contributes to 22% fall in business deposits
Personal cash deposits remained relatively stable at Post Offices in November compared with the previous month, however business cash deposits fell 22%, largely as a result of national restrictions across England, according to the latest Post Office Cash Tracker.