Post Office saw a record £3.48 billion in withdrawals and deposits

In April the Post Office saw a record £864.9 million of cash withdrawals and a whopping £2.62 billion was deposited totalling £3.48 billion.

Recently the Post Office partnered with Monzo which has expanded their banking services raising the amount of cash withdrawals and deposits.

Ross Borkett, banking director at the Post Office said, “Post Office is delighted to welcome Monzo as another partner in our banking framework, helping us ensure more UK banking customers than ever before can access essential cash services in any Post Office branch.

“It is positive to see the continued growth in customers using their local Post Office, and accessing essential cash services through our extensive partnership with banks.

“The fact that we are seeing the highest ever levels of cash withdrawals and deposits demonstrates the growing importance of our services in providing access to cash for customers and businesses across the UK.”