Post Office to serve banks’ customers

first_img Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank.The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey said.“Setting up and capitalising a bank would be time-consuming and extremely expensive,” Davey said in a statement. “At a time when public finances are under huge strain … funding is better spent modernising and maintaining the network.”An RBS spokesman said no start date had been set because the two sides were still finalising details of the agreement, but they were aiming to launch it as quickly as possible.HSBC and Santander will be the only banks in Britain that do not enable all their current account holders to use post offices, and the government is encouraging them to join their peers, a Department for Business spokesman said. The government is also eager for the Post Office to branch into other financial services, the department said. It said the Post Office would offer new products through its relationship with Bank of Ireland and look into ways it and credit unions could work more closely together.The government also wants branches to become its “front office” and a pilot project had been agreed for the Post Office to print government forms on demand, the department said.Last month the government said it would provide £1.3bn of extra funding to the Post Office. Share Post Office to serve banks’ customers Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Tags: NULL KCS-content whatsapp whatsapp Tuesday 9 November 2010 7:40 pmlast_img

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