Monday, March 27, 2023
FameLIV
No Result
View All Result
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel
No Result
View All Result
FameLIV
No Result
View All Result
Home Business

Cash deposits and withdrawals at Post Offices top £3bn in a month for first time

by FameLIV
December 14, 2021
in Business
Reading Time: 2 mins read
0 0
A A
0
Cash deposits and withdrawals at Post Offices top £3bn in a month for first time
Share on FacebookShare on Twitter



Money deposits and withdrawals at Publish Workplace branches have topped £3 billion in a single month for the primary time.

The milestone was reached in November, when the Publish Workplace dealt with the best amount of money in a single month in its 360-year historical past.

In whole, £3.01 billion was deposited and withdrawn by private and enterprise clients throughout the UK.

The Publish Workplace additionally recorded its greatest month for private money withdrawals in November, with £743 million withdrawn over its 11,500 counters, up by 7% month on month. The earlier peak was in December 2019, when £707 million was withdrawn.

Publish Workplace branches additionally dealt with £1.04 billion in enterprise money deposits in November, a complete which was up by 4% month on month.

A current Publish Workplace survey discovered almost half (44%) of small hospitality and leisure companies within the UK depend on money each day.



Every month comes information of additional financial institution department closures and, in lots of communities throughout the nation, Publish Workplace is already the final counter on the town

Martin Kearsley, Publish Workplace

Enterprise money deposits on the Publish Workplace have exceeded £1 billion each month since June 2021.

Financial institution department closures have spurred some clients to go to Publish Workplace branches for his or her money wants. The Publish Workplace has an settlement with many banks which permits clients to do their on a regular basis banking at its branches.

Many branches are open lengthy hours and at weekends, the Publish Workplace mentioned.

Martin Kearsley, banking director at Publish Workplace, mentioned: “Every month comes information of additional financial institution department closures and, in lots of communities throughout the nation, Publish Workplace is already the final counter on the town.

“Enterprise and private money deposits, in addition to private money withdrawals, are all considerably up on final yr and postmasters at the moment are routinely dealing with round £3 billion value of money each month.

“Publish Workplace’s companies make sure the tens of millions of people that depend on money on a regular basis can entry their money in a fast, handy and safe method and we’re working carefully with the banks to develop shared branches and supply wider companies.”

There have been 736 financial institution department closures this yr up to now, with one other 220 deliberate to go in 2022, in line with figures lately launched by Which?

Commerce affiliation UK Finance has mentioned the banking and finance trade is dedicated to making sure there’s continued entry to money for many who want it, now and sooner or later.



Source link

Tags: 3bnCashdepositsMonthOfficesPostTimeTopwithdrawals

Related Posts

Little progress made on energy efficiency in UK homes, report finds | Energy efficiency
Business

Little progress made on energy efficiency in UK homes, report finds | Energy efficiency

March 27, 2023
Royal Mint unveils ‘magical’ Hogwarts coin to conclude Harry Potter collection
Business

Royal Mint unveils ‘magical’ Hogwarts coin to conclude Harry Potter collection

March 27, 2023
Teen Accused Of Paralyzing Woman During Robbery Has Bail Reduced
Business

Teen Accused Of Paralyzing Woman During Robbery Has Bail Reduced

March 26, 2023
Master Coding for Less Than $2 a Course with This Jam-Packed Bundle
Business

Master Coding for Less Than $2 a Course with This Jam-Packed Bundle

March 27, 2023
Things To Remember When Deciding To Invest Your Non-Retirement Funds
Business

Things To Remember When Deciding To Invest Your Non-Retirement Funds

March 26, 2023
It may not be 2008 all over again – but this banking turmoil is not without danger | Richard Partington
Business

It may not be 2008 all over again – but this banking turmoil is not without danger | Richard Partington

March 26, 2023
  • Trending
  • Comments
  • Latest
America’s jobs boom rolls on, fuelling fears of sustained inflation

America’s jobs boom rolls on, fuelling fears of sustained inflation

August 6, 2022
Two Injured as Explosives-Laden Drone Hits Russia’s Tula Region

Two Injured as Explosives-Laden Drone Hits Russia’s Tula Region

March 26, 2023
BIP39 Seed Word Entropy visualized (odds of someone guessing private key seed phrase assuming it has randomness) : Bitcoin

BIP39 Seed Word Entropy visualized (odds of someone guessing private key seed phrase assuming it has randomness) : Bitcoin

January 1, 2022
How To Buy A Sofa Online Without Sitting On It

How To Buy A Sofa Online Without Sitting On It

June 2, 2022
Manu Tuilagi in frame to return for England’s ‘free swing’ in Ireland | England rugby union team

Manu Tuilagi in frame to return for England’s ‘free swing’ in Ireland | England rugby union team

March 13, 2023
Pay for your funeral before you begin! Mayor wants to keep reckless climbers away from Mont Blanc

Pay for your funeral before you begin! Mayor wants to keep reckless climbers away from Mont Blanc

August 5, 2022
Diabetes Continue To Rise Globally | China's New Video Game crisis | Vantage with Palki Sharma

Diabetes Continue To Rise Globally | China's New Video Game crisis | Vantage with Palki Sharma

32
Hungary’s booming wedding market doused by soaring inflation By Reuters

Hungary’s booming wedding market doused by soaring inflation By Reuters

March 27, 2023
Iraq suspends working hours amid heavy rainfall due to the effects of the climate crisis

Iraq suspends working hours amid heavy rainfall due to the effects of the climate crisis

March 27, 2023
Titanium Blockchain CEO Gets 4 Years Jail Time For BARs ICO Fraud

Titanium Blockchain CEO Gets 4 Years Jail Time For BARs ICO Fraud

March 27, 2023
Netanyahu expected to announce halt to plans to overhaul Israeli judiciary | Israel

Netanyahu expected to announce halt to plans to overhaul Israeli judiciary | Israel

March 27, 2023
Rory McIlroy takes ‘tons of positives’ from WGC Match Play as The Masters at Augusta edges closer | Golf News

Rory McIlroy takes ‘tons of positives’ from WGC Match Play as The Masters at Augusta edges closer | Golf News

March 27, 2023
Israeli president calls for halt to judicial overhaul — RT World News

Israeli president calls for halt to judicial overhaul — RT World News

March 27, 2023
Famenet
FameLIV

Get the latest news and follow the coverage of latest general updates, politics, financial updates, sports and more from the top trusted sources.

CATEGORIES

  • Business
  • Crypto
  • Economy
  • Featured
  • Health
  • Lifestyle
  • Markets
  • Politics
  • Sports
  • Tech
  • Travel
  • Video
  • World

LATEST UPDATES

  • Hungary’s booming wedding market doused by soaring inflation By Reuters
  • Iraq suspends working hours amid heavy rainfall due to the effects of the climate crisis
  • Titanium Blockchain CEO Gets 4 Years Jail Time For BARs ICO Fraud
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Fame Infinity Ltd Parent Company of FameLIV.com | All Rights Reserved.
FameLIV is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel

Copyright © 2023 Fame Infinity Ltd Parent Company of FameLIV.com | All Rights Reserved.
FameLIV is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In