"Post Office branches processed 39.8 million cash transactions in the first three months of 2026, marking the highest first-quarter total since records began in 2020."
"Deposits rose strongly over the period, climbing 6% compared with the same quarter last year, while the total value of withdrawals also increased by 6%."
"The average personal withdrawal reached £139, up 7% year-on-year, while the average deposit edged up 2% to £297, suggesting consumers are handling larger sums in cash."
"Maggie Roberts, postmaster at Storth in Cumbria, said cash services account for the vast majority of her business, with elderly residents and local organisations depending on nearby access to bank."
Post Office counters processed 39.8 million cash transactions in early 2026, the highest since 2020. Cash remains vital for budgeting amid cost-of-living pressures. Deposits and withdrawals both rose by 6%, indicating cash's importance in financial management. March saw increased activity due to seasonal spending. The average personal withdrawal reached £139, up 7% year-on-year. Business demand for cash remains strong, with smaller enterprises relying on local branches. Post Office counters serve as essential banking backstops, especially in communities with limited access to banks.
Read at London Business News | Londonlovesbusiness.com
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