Post Office handles more cash as banks close and prices rise

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Post Office handles more cash as banks close and prices rise
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Bank closures and rising prices mean more people are turning to the Post Office for cash.

Post Office branches handled increased amounts of cash in August, a trend it expects to continue, as banks close branches and the cost of living bites.

September would have been even higher without the extra bank holiday for the Queen's funeral, it said.The cash transactions include personal deposits and withdrawals from post office accounts, as well as business use. "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.

Banks have been closing branches across the UK, leaving some communities with no access to banking services at all.

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