Post Office in banking deal to keep high street cash flowing

THE Post Office has reached a five-year banking deal with lenders and building societies to keep cash services running amid a continued retreat of banks from the high street.

- By Samuel Norman

This move follows research commissioned by the company, which found nine in 10 people believe it is important to maintain access to cash.

The partnership enables customers of 30 banks and building societies to use their local Post Office to withdraw and deposit cash as well as make balance queries and deposit cheques.

There are 378 branch closures lined up for 2025, leaving Brits scrambling for cash access. Many have turned to the Post Office.