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

Feel Good Friday: Royal London opens applications for £10,000 women and girls' rugby grant

Feel Good Friday: Royal London opens applications for £10,000 women and girls' rugby grant

Third year of annual Championing Women and Girls’ Grassroots Rugby Award

Professional Adviser
clock 05 June 2026 • 1 min read
Cohabitation reforms to offer unmarried couples 'more financial security'

Cohabitation reforms to offer unmarried couples 'more financial security'

Government launches consultation

Sophia Panayi
clock 05 June 2026 • 2 min read
M&A platform finds strong pipeline of non-PE acquirers

M&A platform finds strong pipeline of non-PE acquirers

Data from Project Exit shows regional and local advice firms make up more than half of buyers

Isabel Baxter
clock 05 June 2026 • 2 min read