More than £70.7m in cash was withdrawn at post offices over the coronation bank holiday weekend, new data reveals.
The Post Office Cash Tracker shows Friday 5 April was the busiest day for business cash deposits, with a total of £47.51m deposited across the UK in post office branches.
On the same day, a total of £33.84m of personal cash withdrawals were made in England, the busiest day of the bank holiday for personal withdrawals. Personal cash withdrawals all exceeded £3m in Northern Ireland, Scotland, and Wales on Friday, ahead of the coronation bank holiday weekend.
In April, cash deposits and withdrawals over the counter amounted to £3.05bn at its 11,500 branches.
Personal cash withdrawals in April totalled £760m, down almost 6% month-on-month, driven by the two Easter bank holidays reducing overall volumes. However, the average transaction value of personal withdrawals was up 2% compared to March.
Business cash deposits totalled £1.06bn in April, down more than 8% month-on-month, while personal cash deposits totalled £1.2bn in April, also down 8% month-on-month.
In April 2023 there were almost 5.2 million cash deposit transactions at post offices, up 6% year-on-year.
Martin Kearsley, Post Office Banking Director, said: “The withdrawals we saw over the bank holiday shows just how many still use cash as their main payment method, especially during local community celebrations where a post office might be the only way to access cash in town after the banks have closed.”
