The value of cash deposits by personal customers remains high, and greatly exceeds pre-Covid-19 levels. In September, over £1 billion was deposited in cash at Post Office counters.
September was the first month this year where personal cash deposits exceeded a billion pounds in a single month. In terms of cash withdrawals by personal customers, £591 million was withdrawn at the Post Office’s 11,500 counters. This is up 7% compared with last month.
Whilst withdrawals have yet to exceed the equivalent month the previous year, September’s gap was the smallest all year with the amount withdrawn down 2.6% compared with September 2019.