236:. New applications for a Post Office card account were closed on 11 May 2020, with existing accounts remaining open until November 2022. At this point, recipients who are unable to open traditional bank accounts will be moved over to a new Payment Exception Service which will allow them to continue to receive benefits at
204:
on a trial basis, initially at a small number of branches in East Anglia. This trial was extended to over 200 branches across the UK in 2014. Three accounts were offered, a standard account with optional overdraft, a basic bank account and a packaged account offering travel insurance and breakdown
205:
cover. Although these accounts could only be opened at participating branches, they can be managed across the whole network and through online, telephone and mobile banking systems. As in the case of most other Post Office branded financial products, Post Office current accounts were provided by
209:
with Post Office Ltd acting as an appointed representative. Following review of services by Bank of
Ireland (UK) plc, it was decided in March 2019 that new Post Office Money current accounts would no longer be able to be opened and all remaining accounts were closed on 11 September 2019.
218:
The Post Office Card
Account (POCA) was a cash handling account allowing customers to receive benefit payments. The Card Account could not be accessed anywhere other than a Post Office Counter or ATM at a post office branch. These accounts could only receive
298:
Post Office branded credit cards have also been introduced. Accounts opened before July 2019 were provided by Bank of
Ireland UK and subsequently transferred to JaJa Finance and accounts opened after November 2019 are now provided by
581:
227:
Tax
Credits and Child Benefit payments. Housing Benefit from a local authority for example, must be paid elsewhere. If the account remains dormant for one year, it is closed. These accounts were run by
574:
275:
Post Office Money now offers its own range of savings products, which are sometimes in competition with those offered by NS&I. The most recently introduced, in
September 2008, is a Post Office
567:
272:
could be bought in Post
Offices, but the 156-year relationship ended in August 2015 when Premium Bonds became the final NS&I product to be withdrawn from sale at Post Office counters.
183:
Post Office Money was launched in 2015 to provide an umbrella brand for all financial services provided through Post Office Ltd. Many Post Office Money branded products are provided by
295:, although the latter are now marketed purely through the company's website and not through the branch network. The first loans, provided by Bank of Ireland, launched in 2004.
256:. This card was withdrawn in January 2017. A Post Office Travel Money Card in a range of foreign currencies is also available, issued by First Rate Exchange Services Ltd.
398:
1143:
472:
201:
33:
590:
1072:
892:
429:
415:
229:
796:
268:(NS&I), which was originally the Post Office Savings Bank but is now a wholly separate institution. From November 2011, only
265:
220:
17:
370:
497:
1148:
909:
934:
599:
1055:
232:
on behalf of the Post Office. To open an account, you must have been in receipt of benefits and a referral is made via
939:
1011:
740:
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984:
801:
87:
253:
875:
728:
944:
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649:
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806:
153:
117:
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53:
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165:
1049:
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816:
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345:
340:
206:
184:
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1004:
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112:
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32:
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1066:
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292:
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105:
979:
902:
839:
829:
780:
644:
157:
43:
774:
745:
696:
661:
457:
300:
128:
83:
523:
384:
1091:
974:
924:
187:
with Post Office Ltd acting as an appointed representative and credit broker.
331:, over 50s life cover and lifestyle protection insurance are also available.
240:
and Post Office outlets using a plastic card, text message or email voucher.
914:
865:
824:
169:
91:
537:
248:
The Post Office Money Card was a prepaid MasterCard that was available in
880:
617:
608:
538:"0% Credit Cards | Apply for credit card online | Post Office®"
524:"0% Credit Cards | Apply for credit card online | Post Office®"
443:
237:
716:
311:
Post Office Money provides a number of branded insurance products for
768:
554:
844:
635:
430:"Post Office card accounts closure extended until November 2022"
224:
563:
458:"Travel Money Card - Prepaid Currency Card | Post Office®"
444:"Travel Money Card - Prepaid Currency Card | Post Office®"
416:"DWP to end benefit payments to Post Office card accounts"
180:
through Post Office branches, the internet and telephone.
1020:
853:
815:
789:
759:
705:
670:
633:
606:
123:
111:
101:
79:
67:
59:
49:
39:
591:Commercial and retail banks in the United Kingdom
473:"The end of National Savings at the Post Office"
200:In 2013, Post Office Ltd introduced a range of
575:
16:For the former Post Office Savings Bank, see
8:
25:
498:"Post Office ready to deliver loan service"
399:"Current Accounts | Post Office Money"
385:"Current Accounts | Post Office Money"
264:The Post Office had long been an agent for
582:
568:
560:
31:
24:
362:
7:
1144:Postal system of the United Kingdom
371:"Post Office Money brand unveiled"
14:
797:National Savings and Investments
266:National Savings and Investments
221:Department for Work and Pensions
18:National Savings and Investments
471:Caldwell, Kyle (25 June 2015).
1:
1056:Cambridge & Counties Bank
600:Banking in the United Kingdom
319:(buildings and/or contents);
1165:
15:
1123:UK Government Investments
1100:
1030:Arbuthnot Latham & Co
802:UK Government Investments
597:
313:cars, vans and motorbikes
287:Post Office Money offers
254:R. Raphael & Sons plc
30:
214:Post Office Card Account
207:Bank of Ireland (UK) plc
185:Bank of Ireland (UK) plc
741:Holt's Military Banking
876:Allied Irish Bank (GB)
729:Royal Bank of Scotland
230:J.P. Morgan Europe Ltd
1149:Postal savings system
898:The Co-operative Bank
223:benefit payments and
191:Products and services
1061:Close Brothers Group
687:Birmingham Midshires
673:Lloyds Banking Group
176:to customers in the
1121:Partially owned by
1086:Rothschild & Co
807:UK Asset Resolution
154:Post Office Limited
118:Post Office Limited
27:
970:Standard Chartered
790:Wholly state-owned
252:and was issued by
166:insurance products
152:brand operated by
150:financial services
137:/banking-and-bills
54:Financial services
1131:
1130:
1079:Kleinwort Hambros
1050:C. Hoare & Co
1021:Other commercial
955:Secure Trust Bank
656:HSBC Private Bank
555:Post Office Money
432:. 11 August 2022.
351:National Girobank
146:Post Office Money
143:
142:
26:Post Office Money
1156:
1043:Butterfield Bank
1036:Bank and Clients
990:Unity Trust Bank
960:Sainsbury's Bank
817:Challenger banks
751:Isle of Man Bank
735:Messrs. Drummond
723:Coutts & Co.
682:Bank of Scotland
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577:
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325:travel insurance
291:and also offers
202:current accounts
196:Current accounts
162:current accounts
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88:Current accounts
35:
28:
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1157:
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1000:Clydesdale Bank
888:Bank of Ireland
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761:Santander Group
755:
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666:
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624:Barclays Wealth
602:
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504:. 29 March 2004
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341:Post Office Ltd
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156:which provides
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21:
12:
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5:
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1160:
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1105:Big Four banks
1101:
1098:
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1094:
1089:
1082:
1075:
1070:
1063:
1058:
1053:
1046:
1039:
1032:
1026:
1024:
1018:
1017:
1015:
1014:
1009:
1008:
1007:
1005:Yorkshire Bank
1002:
992:
987:
982:
977:
972:
967:
965:Shawbrook Bank
962:
957:
952:
947:
942:
937:
932:
927:
922:
917:
912:
907:
906:
905:
895:
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884:
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871:AIB Group (UK)
868:
863:
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851:
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848:
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842:
837:
832:
827:
821:
819:
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549:External links
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329:Life insurance
317:home insurance
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293:personal loans
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250:Pound Sterling
245:
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234:Jobcentre Plus
215:
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178:United Kingdom
174:personal loans
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96:Personal loans
81:
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1115:are shown in
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1113:private banks
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1093:
1090:
1088:
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1067:Duncan Lawrie
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1012:Wesleyan Bank
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950:Reliance Bank
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930:Kent Reliance
928:
926:
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920:Handelsbanken
918:
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861:Al Rayan Bank
859:
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836:
835:Starling Bank
833:
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828:
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708:NatWest Group
704:
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663:
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636:HSBC Holdings
632:
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621:
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618:Barclays Bank
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477:The Telegraph
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418:. 6 May 2020.
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321:pet insurance
318:
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294:
290:
282:
280:
278:
273:
271:
270:Premium Bonds
267:
259:
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244:Prepaid cards
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226:
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213:
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106:HM Government
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1108:
1084:
1077:
1065:
1048:
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995:Virgin Money
980:Triodos Bank
935:Kingdom Bank
854:Other retail
781:Santander UK
773:
733:
721:
706:
671:
662:M&S Bank
654:
650:HSBC UK Bank
645:First Direct
634:
622:
607:
532:
518:
506:. Retrieved
502:The Scotsman
501:
492:
480:. Retrieved
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424:
410:
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379:
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310:
297:
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274:
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217:
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158:credit cards
145:
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84:Credit cards
60:Headquarters
44:Trading name
40:Company type
22:
1073:J.P. Morgan
1023:and private
910:Danske Bank
840:Tandem Bank
775:Cater Allen
746:Ulster Bank
697:Lloyds Bank
301:Capital One
131:.postoffice
69:Area served
1138:Categories
1109:underlined
1092:Weatherbys
975:Tesco Bank
940:Metro Bank
925:Hodge Bank
357:References
915:easyMoney
866:Aldermore
825:Atom Bank
508:5 October
307:Insurance
289:mortgages
283:Borrowing
170:mortgages
92:Mortgages
985:TSB Bank
881:AIB (NI)
609:Barclays
482:7 August
335:See also
238:PayPoint
80:Products
50:Industry
1117:italics
945:Paragon
717:NatWest
692:Halifax
260:Savings
124:Website
769:Cahoot
113:Parent
63:London
903:Smile
893:Chase
830:Monzo
402:(PDF)
148:is a
102:Owner
1111:and
1107:are
845:Zopa
510:2013
484:2015
323:and
225:HMRC
172:and
277:ISA
135:.uk
133:.co
129:www
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20:.
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