Wet and windy weather dampened cash transactions in June – Post Office
The fall in cash transactions follows record-breaking months in April and May, the Post Office said.
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Your support makes all the difference.June’s wet and windy weather dampened cash transactions in Post Office branches, sending them back down from record high levels.
After two record-breaking cash handling months at branches in April and May this year, transactions edged down to £3.43 billion in June.
However, the June total was still the highest amount on record, the Post Office said.
Post offices saw cash deposits and withdrawals totalled a record £3.57 billion in May, beating a previous record high set in April at £3.48 billion.
June’s figure is still only the fourth time on record that cash transactions have topped £3.4 billion in a single month.
Following two consecutive record-breaking months for cash handling at post offices, June’s cool and wet weather slightly impacted takings
Ross Borkett, banking director at Post Office, said: “Post Offices play a vital role in supporting small businesses to trade by providing a convenient and secure location to deposit their cash takings with many branches open long hours and some at weekends.
“Following two consecutive record-breaking months for cash handling at Post Offices, June’s cool and wet weather slightly impacted takings in the hospitality and leisure sectors contributing to a small drop in business cash deposits at our branches last month.”
The Post Office has an agreement with many banks, allowing customers to make everyday transactions over its counters.