Wet weather dampens Post Office cash transactions – London Business News | London Wallet

This year has been full of wet weather and more rain is set to batter the UK on Monday, as a result the rainy weather in June dampened cash transactions in Post Office branches.

In April and May cash withdrawals totalled £3.48 billion and £3.57 billion, but in June transactions fell to £3.43 billion.

Despite June’s figures this is the fourth time on record that cash transactions hit £3.4 billion in just one 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.”