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Cash deposits and withdrawals return to pre-lockdown levels Print
Cash deposits and withdrawals returned to pre-lockdown levels in March, new figures reveal.
The latest Post Office Cash Tracker shows personal cash deposits and withdrawals were up 22% month-on-month, while business cash deposits saw an increase of 21%. In total, cash deposits and withdrawals at Post Offices in March amounted to £2.4bn, compared to £2bn in February and £1.99bn in January.
Personal cash deposits were at an all-time high in March, totalling £1.1bn, and broke the previous record in September when £1bn was deposited by personal customers. Personal cash deposits this March were also higher than before the Covid-19 pandemic struck the UK.
Post offices still see busy month for cash deposits and withdrawals Print
12th January 2021
Some £640.7m was withdrawn by people over the counter from Post Office branches in December, the highest monthly total in 2020, new data reveals.
The latest Post Office Cash Tracker shows the December figure was up 14% on November when much of the UK was in lockdown.
In addition, personal cash deposits totalled £978.6m, up 1.3% on November. Business cash deposits at Post Office’s 11,500 branches were up 9.6% month-on-month in December, totalling £788.3m.
Overall, cash deposits and withdrawals by personal and business customers amounted to £2.4bn in December. This was just under 10% down in value from this time last year despite lockdown restrictions across the UK impacting small businesses and the cash-reliant hospitality sector.