Put up Workplace handles ‘record-breaking’ £39.8m money transactions in first quarter

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Your assist makes all of the distinction. Learn extra Put up Workplace branches dealt with almost 40 million money transactions within the first three months of 2026, in what it mentioned was the best first quarter on document as households and companies continued to depend on cash and banknotes.

Some 39.8 million money transactions had been made in the course of the first quarter of 2026, together with withdrawals and deposits, in line with the Put up Workplace’s “money tracker” figures.

Between January and March this 12 months, the variety of deposits amongst enterprise and private prospects rose by 6% in contrast with the primary quarter of 2025, whereas the whole worth of money withdrawals additionally elevated 6%.

The Put up Workplace mentioned its knowledge goes again to January 1 2020.

It mentioned {that a} notably robust March efficiency was pushed by households getting ready for Easter and the college break, with holiday-related spending, journey and money withdrawals more likely to have contributed to that uplift, alongside continued cost-of-living pressures shaping how individuals price range and spend.

The typical worth of a private money withdrawal within the first three months of 2026 was £139. This was a 7% improve in contrast with the identical quarter final 12 months.

The typical worth of a private money deposit elevated by 2% to £297.

The Put up Workplace additionally mentioned that enterprise money exercise remained “resilient” within the first quarter of 2026, with money persevering with to play a reliable position for a lot of companies managing takings, money move and common banking wants by their native department.

Maggie Roberts, postmaster at Storth Put up Workplace in Cumbria, mentioned: “Money and banking companies make up round 75% of my enterprise and they're extraordinarily vital for the Storth group.

“Lots of our prospects depend on us to have the ability to withdraw money, pay in cash and deposit cheques nearer to house. Round 60% of the village are retirees and they don't wish to journey that far, so companies supplied by a Put up Workplace actually matter. We additionally see numerous native companies, in addition to group venues and church buildings, paying of their takings right here, which exhibits how vital the department is to the broader village too.”

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The Put up Workplace has an settlement that enables prospects of many banks to make on a regular basis transactions over its counters.

Ben Hunter Woollard, head of banking at Put up Workplace, mentioned: “These record-breaking figures present how vital Put up Workplace branches stay for hundreds of thousands of individuals and companies throughout the UK who need handy, safe entry to money companies on their doorsteps.

“For households, with the ability to withdraw and deposit money at their native Put up Workplace generally is a easy method to keep on high of spending, handle budgets and deal with on a regular basis funds with confidence, notably when household budgets are below strain.

“For companies, particularly smaller corporations, with the ability to deposit takings and entry money domestically stays a sensible a part of day-to-day buying and selling. Put up Workplace branches proceed to play an vital position in communities by offering entry to the money companies individuals and companies nonetheless depend on.”