Post Offices handled a record £3.45bn in notes and coins in August as cash makes a comeback during the cost-of-living crisis.
Personal cash withdrawals in August totalled £805m during the month, up 0.5% compared to July, while personal cash deposits exceeded £1.4bn for the first time and business cash deposits were up 5.5% on July, reaching nearly £1.2bn.
In September, £3.35 billion in cash deposits and withdrawals was handled at Post Offices. The Post Office said that cash transactions in September had initially been on track to hit even higher levels at its 11,500 branches, but the additional bank holiday for the state funeral of the Queen saw cash transactions down by 94% compared with the equivalent Monday in September 2021.
