UK Post Office Reveals More Plans For Current Accounts

By PYMNTS | May 13, 2013

The Post Office announced earlier this year they would be introducing current accounts to compete with high street banks in the UK. The organization has now announced that they will be launching three current accounts, reports The Guardian. The three accounts have already been endorsed by a government minister and will be rolled out in 29 branches throughout East Anglia in towns such as Cambridge, Chelmsford, Colchester, Norwich and Bury St Edmunds. A full launch is expected by 2014.

A post office spokesman said to The Guardian that the new accounts will offer customers, “good value, fair and transparent products with no hidden charges, and access to the largest branch network in the UK.”

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Jo Swinson, consumer minister, stated, “Customers have a real trust and confidence in the Post Office, and with more branches than the high street banks combined, I welcome the increasing role it is playing in meeting the financial needs of its customers.”

Read the full story here.