Post Offices handled £3.43 billion in cash deposits and withdrawals in June, reveal new figures released today (15).
The figure for June comes after April and May saw consecutive record-breaking cash handling months at Post Offices. In May, a total of £3.57 billion worth of cash was handled by Post Offices. In April, the figure was £3.48 billion. June’s figure is still only the fourth time on record that cash transactions have exceeded £3.4 billion in a single month.
Business cash deposits totalled £1.13 billion in Junedown both 3.4 per cent year-on-year (£1.17 billion, June 2023) and 5.3 per cent month-on-month (£1.19 billion, May 2024).
Personal cash deposits totalled £1.42 billion in June, up 8.3 per cent year-on-year (£1.31 billion, June 2023) but down 2.5 per cent month-on-month (£1.46 billion, May 2024).
Personal cash withdrawals totalled £848 million in June, up 1.4 per cent year-on-year (£836 million, June 2023) but down 4.6 per cent month-on-month (889 million, May 2024).
Ross Borkett, Banking Director at Post Office, said, “Post Offices play a vital role in supporting small businesses to trade by providing a convenient and secure location to deposit their cash takings with many branches open long hours and some at weekends. Following two consecutive record-breaking months for cash handling at Post Offices, June’s cool and wet weather slightly impacted takings in the hospitality and leisure sectors contributing to a small drop in business cash deposits at our branches last month."
Post Office Cash tracker data – June 2024
| Cash deposits value (business & personal) | MOM% | YOY% | Cash withdrawals value (business & personal) | MOM% | YOY% | Total cash deposits & withdrawal value for June 2024 | |
| UK | £2.55bn | -3.8% | +2.8% | £880.7m | -4.6% | +1.5% | £3.43bn |
| England | £2.12bn | -3.8% | +3.1% | £690.8m | -4.4% | +2.0% | £2.81bn |
| Scotland | £171.2m | -4.2% | +2.2% | £59.7m | -6.7% | -2.0% | £230.9m |
| Wales | £133.2m | -3.1% | +3.9% | £69.7m | -4.8% | +2.8% | £202.9m |
| Northern Ireland | £124.9m | -3.7% | -3.0% | £60.5m | -5.0% | -2.8% | £185.4m |
Business cash deposits
Personal cash deposits
Personal cash withdrawals
Banking Hubs
As at 28 June, 60 hubs have been opened in partnership between Cash Access UK and the Post Office. 146 Banking Hubs have now been announced by LINK with further openings planned for later this year.
