This paper examines whether the impact of CEO cultural background affects corporate cash holdings. Using a single-country setting in the UK from 2000 – 2018 and employing the firm-fixed effect, the difference-in-difference model, and propensity score matching method to address potential endogeneity problem, we find that CEO with a cultural background that emphasizes power-distance and uncertainty avoidance tends to increase corporate cash holdings, while CEO with a cultural background that emphasizes masculinity tends to reduce cash holdings. Further analyses show that the impact of CEO cultural background is more pronounced when the power is concentrated among the top executives, when the CEO has degrees of discretions to pursue their own goals, and when the information asymmetry is high. Overall, the findings point out the vital role of the CEO cultural background in corporate cash holdings policy.