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Cash withdrawals topped £1 billion at publish workplaces in December, marking the primary time on document that this has occurred in a single month.
The Post Office recorded £979 million price of private money withdrawals in December and £35 million price of enterprise money withdrawals.
The earlier document excessive was set in December 2023, when a complete of £962.8 million price of private and enterprise money withdrawals have been made.
In complete, money deposits and withdrawals throughout the counter at publish workplaces in December 2024 totalled £3.7 billion.
Over £3.7 million in money was withdrawn or deposited over-the-counter on Christmas Day at 1,300 branches that have been open.
We noticed vital quantities of money withdrawn day by day within the run-up to Christmas Day, highlighting simply how very important it’s for folks to have the ability to withdraw the amount of money that they want, to the penny in the event that they require, at our branches
Ross Borkett, Post Office
The Post Office has an settlement with many banks, enabling prospects to do their day-to-day banking over its counters.
It helps to plug gaps within the money system, following financial institution department closures.
Ross Borkett, Post Office banking director, mentioned: “Our figures display that hundreds of thousands of individuals clearly nonetheless depend on money to handle their finances on a day-to-day foundation.
“We noticed vital quantities of money withdrawn day by day within the run-up to Christmas Day, highlighting simply how very important it’s for folks to have the ability to withdraw the amount of money that they want, to the penny in the event that they require, at our branches.
“It’s testomony to the exhausting work of postmasters and their workers that over a billion kilos was withdrawn over-the-counter in a single month. They preserve their branches open lengthy hours, with many open at weekends.
“We know that the place money is withdrawn domestically it tends to be spent domestically, demonstrating the very important function postmasters play in retaining native excessive streets going and attracting footfall which advantages different close by retailers too.”
