Post Office cash transactions set new record for second month in a row

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cash transactions at Post Office branches have set new record high for the second month in a row. Personal cash deposits were up by 12% annually in May, while business cash deposits were broadly unchanged annually, the Post Office found. The Post Office has an agreement with several banks, allowing people to make day-to-day banking transactions over its counters. It recently partnered with Monzo and the Post Office said the partnership continues to contribute positively to the total value of cash deposits.