The latest figures from the UK Post Office Network—a major provider of banking services in the wake of branch and ATM closures—show cash deposits and withdrawals have hit new highs in an ongoing trend of rapid growth.
Talking Retail reports that total cash deposits (business and personal) reached £2.62 billion (around $3.3 billion) in April, representing an almost five percent month-on-month increase and a huge 26.5 percent rise year-on-year. Total withdrawals were £864.9 million: a very slight decrease of less than one percent versus March, but up over 20 percent compared to the same period last year.
