Cash Tracker - October 2021

October Post Office cash deposits and withdrawals exceed £2.9 billion for second month running

  • Post Offices handled almost £3 billion in cash deposits and withdrawals in October £2.92 billion)
  • Business cash deposits exceeded £1 billion for the fifth month in succession
  • Post Offices in October saw highest amount of personal cash withdrawals all year at £692 million

Post Offices in October handled almost £3 billion in cash deposits and withdrawals continuing the strong performance seen in September.

Business cash deposits exceeded £1 billion for the fifth month in succession, although saw a 5% fall month-on-month (£1.06 billion, September 2021). Personal cash deposits dipped 1.8% month-on-month (£1.2 billion, October 2021 compared with £1.22 billion, September 2021). Overall, business and personal cash deposits were still up over 15% year-on-year.

Post Offices saw the highest amount of personal cash withdrawals all year in October with over £692 million taken out over the counter. That was up 1% on last month (£685.5 million, September 2021) and up almost 18% on last year (£589 million, October 2020).

A recent Post Office survey found nearly half (44%) of small hospitality and leisure businesses in the UK rely on cash daily. A third (34%) of hospitality and leisure business owners said they would fear for the security of their business if they didn’t have the ability to deposit cash at the end of each day. Post Office recently launched a ‘Save Our Cash’ campaign calling for the Government to speed up legislation to protect access to cash for the millions of people and businesses that rely on it.

Personal cash deposits

Personal cash deposits dipped 1.8% month-on-month (£1.2 billion, October 2021 compared with £1.22 billion, September 2021). Overall, business and personal cash deposits were still up over 15% year-on-year.

Personal cash withdrawals

Post Offices saw the highest amount of personal cash withdrawals all year in October with over £692 million taken out over the counter. That was up 1% on last month (£685.5 million, September 2021) and up almost 18% on last year (£589 million, October 2020).

 

Business cash deposits

Business cash deposits exceeded £1 billion for the fifth month in succession, although saw a 5% fall month-on-month (£1.06 billion, September 2021).

 

Business cash withdrawals

A recent Post Office survey found nearly half (44%) of small hospitality and leisure businesses in the UK rely on cash daily. A third (34%) of hospitality and leisure business owners said they would fear for the security of their business if they didn’t have the ability to deposit cash at the end of each day. Post Office recently launched a ‘Save Our Cash’ campaign calling for the Government to speed up legislation to protect access to cash for the millions of people and businesses that rely on it.

Combined Personal & Business withdrawals

Combined Personal & Business deposits

Business withdrawals

Personal withdrawals

Combined withdrawals