The UK’s Post Office has entered into a five-year partnership with banks and building societies across the nation, aimed at ensuring millions of individuals and small businesses continue to have reliable access to cash.
In response to the rising number of ATM and bank branch closures since 2017, the initiative known as ‘The Banking Framework’ was launched. This framework allows customers of 30 banks and building societies to withdraw and deposit cash, check balances, and deposit cheques at their local Post Office.
Since January 2020, both business and personal customers have conducted over 760 million transactions at Post Office branches throughout the UK. This new partnership, effective from January 2026 through December 2030, reflects the ongoing demand for cash access, with surveys indicating that 89% of individuals consider it essential to maintain this service.
Neil Brocklehurst, the incoming CEO of the Post Office, announced the agreement, stating, “This new five-year partnership with banks and building societies ensures that our branches continue to serve as essential hubs for cash access, providing certainty for both businesses and individuals across the nation regarding their everyday banking needs.”