Cash deposits at post offices in Scotland totalled £163.9m in January – down 1.8% month-on-month, but up 1.5% year-on-year, new data reveals.
The Post Office data shows cash withdrawals in Scotland totalled £50.5m – down 25.5% month-on-month and up 5.8% year-on-year.
Martin Kearsley, Banking Director at Post Office, said: “Billions of pounds worth of cash continues to be deposited every month at post offices. Postmasters are supporting local communities and businesses by keeping their branches open long hours and providing a convenient and secure location to deposit cash.”
He added: “Our Banking Framework agreement means the vast majority of people have had the option to deposit their £600, or an amount of their choosing, straight into their bank account at the Post Office and avoid leaving a branch with a significant amount of cash.
“We expect a significant amount of cash to be deposited in February too and we expect cash deposits to remain higher than before the voucher scheme started as more and more people recognise they can do their everyday banking at post offices.”
