Cash popular again due to cost of living concerns, says Post Office

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Cash popular again due to cost of living concerns, says Post Office
Danmark Seneste Nyt,Danmark Overskrifter
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More people are using notes and coins to keep an eye on spending, according to the Post Office.

Post Office branches handled increased amounts of cash in August as banks close branches and the cost of living bites.

People typically use less cash in August, the state-owned company said, but this year branches dealt with record-breaking amounts of cash. "We expect cash transactions to continue to exceed expectations in October and for the rest of the year," said Martin Kearsley, banking director at the Post Office.

People relied on the11,500 local Post Office branches around the country. Banks have been closing branches across the UK, leaving some communities with no access to banking services at all.

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BBCLookNorth /  🏆 37. in UK

Danmark Seneste Nyt, Danmark Overskrifter

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