Wet and windy weather dampened cash transactions in June

June’s wet and windy weather dampened cash transactions in Post Office branches, sending them back down from record high levels.

After two record-breaking cash handling months at branches in April and May this year, transactions edged down to £3.43 billion in June.

However, the June total was still the highest amount on record, the Post Office said.

Post offices saw cash deposits and withdrawals totalled a record £3.57 billion in May, beating a previous record high set in April at £3.48 billion.

June’s figure is still only the fourth time on record that cash transactions have topped £3.4 billion in a single month.

Ross Borkett, banking director at Post Office, said: “Post Offices play a vital role in supporting small businesses to trade by providing a convenient and secure location to deposit their cash takings with many branches open long hours and some at weekends.

“Following two consecutive record-breaking months for cash handling at Post Offices, June’s cool and wet weather slightly impacted takings in the hospitality and leisure sectors contributing to a small drop in business cash deposits at our branches last month.”

The Post Office has an agreement with many banks, allowing customers to make everyday transactions over its counters.