Post Office cash withdrawals reach record high before Christmas- QHN

Post Offices saw a record high for personal cash withdrawals on a single day on Friday 22 December, the group said.

It said that £62m was withdrawn as many did last minute shopping and readied cash gifts for Christmas day.

It beat last year’s high of £51.5m, taken out over the counter on Friday 23 December.

It beat last year’s high of £51.5m, taken out over the counter on Friday 23 December.

Meanwhile, on Christmas day, £800,000 in cash was withdrawn by personal account holders, and over a million pounds was deposited by them.

Deposits from business customers over the counter were just over £1m, according to the Post Office.

Ross Borkett, the Post Office’s head of banking said: “For some people, being able to withdraw cash for free helped them to finish last-minute shopping for the big day, for others it may have been a last-minute gift.

“Business cash deposits being made on Christmas Day indicate just how vital it is that pub and restaurant owners have somewhere open and convenient to deposit their much-needed Christmas cash takings ahead of a quieter January”, Mr Borkett added.

Post Offices saw a record high for personal cash withdrawals on a single day on Friday 22 December, the group said.

It beat last year’s high of £51.5m, taken out over the counter on Friday 23 December.

It said that £62m was withdrawn as many did last minute shopping and readied cash gifts for Christmas day.

Meanwhile, on Christmas day, £800,000 in cash was withdrawn by personal account holders, and over a million pounds was deposited by them.

It beat last year’s high of £51.5m, taken out over the counter on Friday 23 December.

It beat last year’s high of £51.5m, taken out over the counter on Friday 23 December.

Meanwhile, on Christmas day, £800,000 in cash was withdrawn by personal account holders, and over a million pounds was deposited by them.

Deposits from business customers over the counter were just over £1m, according to the Post Office.

Ross Borkett, the Post Office’s head of banking said: “For some people, being able to withdraw cash for free helped them to finish last-minute shopping for the big day, for others it may have been a last-minute gift.

“Business cash deposits being made on Christmas Day indicate just how vital it is that pub and restaurant owners have somewhere open and convenient to deposit their much-needed Christmas cash takings ahead of a quieter January”, Mr Borkett added.

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