Post Offices to branch out by serving RBS and NatWest customers
It has been revealed today that customers of Royal Bank of Scotland (RBS) and NatWest will be able to access their bank accounts through Britain’s 12,000 post offices.
The announcement comes after Postal Affairs Minister, Edward Davey, recently said he was concerned that some banks do not allow customers at post offices to conduct transactions, unlike other High Street banks.
It is hoped that those in rural areas will be able to visit a nearby post office branch, rather than having to travel long distances to access their money at High Street banks.
Once RBS and NatWest have finalised details of the agreement, it will mean HSBC and Santander will be the only banks in Britain that do not allow all their current account holders to use post offices.
The measures come as part of the Government’s plan for the Post Office to expand into other financial services.
In May, it was revealed that the post office would introduce mortgage deals aimed at first-time buyers.