Post Office Money

In 2013, Post Office Ltd introduced a range of current accounts on a trial basis, initially at a small number of branches in East Anglia.

[2] 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.

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.

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 PayPoint and Post Office outlets using a plastic card, text message or email voucher.

[4][5] The Post Office Money Card was a prepaid MasterCard that was available in Pound Sterling and was issued by R. Raphael & Sons plc.

From November 2011, only Premium Bonds 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Post Offices, but the 156-year relationship ended in August 2015 when Premium Bonds became the final NS&I product to be withdrawn from sale at Post Office counters.