Related Articles
Post offices recorded a 15 per cent hike in personal cash withdrawals in February. There were £806 million-worth of personal cash withdrawals at the Post Office’s 11,500 branches – up by 15 per cent year-on-year, the Post Office has said.
That also marks a 3.6 per cent increase compared with January 2024. Personal cash deposits totalled £1.28 billion, up 6.2 per cent year-on-year, the Post Office went on to add.. In January 2024, which was a longer month, personal cash deposits had been higher, totalling £1.42 billion.
Ross Borkett, Post Office banking director, said: “February’s cash withdrawal and deposit figures suggests that a significant number of people and businesses continue to rely on being able to access their cash, for free, at their local post office in order to help with day-to-day management of their finances.”
READ MORE Met Office issue verdict over ’10cm’ of snow hitting UK ‘per hour’ this week
It comes after Post Office Travel Money found rising rates for sterling mean holidaymakers can look forward to getting more for their money in the vast majority of holiday destinations this year. Sterling has strengthened in value against 21 of Post Office Travel Money’s 25 bestselling holiday currencies over the past 12 months but the amount by which Britons can hope to benefit varies quite significantly from one destination to another.
Laura Plunkett, Head of Travel Money at Post Office, said: “Sterling’s current buoyancy against most leading holiday currencies – including the euro and US dollar – provides a great incentive for Britons considering trips abroad in the coming months.”
Ms Plunkett went on: “Most currencies have weakened against the pound in the past year, and many of these are for destinations that traditionally offer the cheapest prices for meals, drinks and other tourist staples. Good examples of this range from Turkey and the Czech Republic in Europe to Kenya, Thailand and Vietnam further afield.”
