Post Office launches current account

clock

The Post Office has launched its first current account posing a serious threat to the stranglehold of the major high street banks.

The current account will initially launch in a small number of Post Office branches before a wider roll-out planned for 2014. Almost three million customers already access Post Office financial services products including savings accounts, mortgages, motor, home and life insurance, credit cards, through a network of over 11,500 branches - more than all the UK banks combined. The Post Office is the latest big-name brand to enter high street bank territory. Marks & Spencer launched its first current account last summer but the product only targeted loyal M&S shoppers rather than the mas...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers' Budget 2026 wish lists – 'this is a scary one'

Advisers' Budget 2026 wish lists – 'this is a scary one'

First under Burnham and Healey

clock 18 September 2026 • 3 min read
Most client meetings happen without one of the advised couple present

Most client meetings happen without one of the advised couple present

More than half of clients said they hold the adviser relationship in their name only

Laura Miller
clock 17 September 2026 • 2 min read
Titan Wealth to provide financial education to pro cricketers

Titan Wealth to provide financial education to pro cricketers

Professional sport comes with 'a very different financial journey'

Laura Miller
clock 16 September 2026 • 2 min read