People who rely on the Post Office for banking and cash will be able to continue to do so

Former_MSE_Sophie

Customers of the majority of the UK's biggest banks and building societies will be able to continue to use Post Office counters for basic banking until at least the end of 2025.

Read the full story:

Millions of people who rely on the Post Office for banking and cash will be able to continue to do so until the start of 2026 

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Daliah

List of available services varies from bank to bank. Details here: https://www.postoffice.co.uk/everydaybanking

[Deleted User]

Wonder if Nationwide will pull their finger out and opt into the full service?

Chase, Monzo and Metro would be good additions too.

penners324

Deleted_User said:

Wonder if Nationwide will pull their finger out and opt into the full service?

Chase, Monzo and Metro would be good additions too.

Metro is on there

jon81uk

Deleted_User said:

Wonder if Nationwide will pull their finger out and opt into the full service?

Chase, Monzo and Metro would be good additions too.

Monzo have stated they will not opt-in.

"Monzo is a branchless bank, with customers able to carry out the majority of their banking needs through the Monzo app. Customers can also deposit cash at Paypoint, which is available in over 28,000 convenience stores, corner shops and retailers across the UK," a spokeswoman for the bank said.

Key Post Office deal agreed for future of cash - BBC News

EarthBoy

jon81uk said:

Deleted_User said:

Wonder if Nationwide will pull their finger out and opt into the full service?

Chase, Monzo and Metro would be good additions too.

Monzo have stated they will not opt-in.

"Monzo is a branchless bank, with customers able to carry out the majority of their banking needs through the Monzo app. Customers can also deposit cash at Paypoint, which is available in over 28,000 convenience stores, corner shops and retailers across the UK," a spokeswoman for the bank said.

Key Post Office deal agreed for future of cash - BBC News

What the spokeswoman has omitted to mention is that Monzo charge you £1 for depositing cash at Paypoint. 
There's no charge from any of the other banks for depositing cash at the Post Office.

penners324

Also didn't point out the many paypoint sites refuse to accept deposits onto Monzo, either due to training or the costs incurred from Paypoint to the shop.

[Deleted User]

penners324 said:

Deleted_User said:

Wonder if Nationwide will pull their finger out and opt into the full service?

Chase, Monzo and Metro would be good additions too.

Metro is on there

Metro only services business customers in the PO. Just like Nationwide only allows withdrawals. They use the word continue in the article; so doesn't indicate a change in provision...

spingoblin

I'm surprised at this, up to now I was under the impression 'Post Office banking' was introduced as a cheapish, permanent feature of most banks basic and some current accounts - precisely because of the loss of thousands of bank branches and no doubt thousands more losses to come. I will be surprised if it ends in 2026.

WillPS

penners324 said:

Also didn't point out the many paypoint sites refuse to accept deposits onto Monzo, either due to training or the costs incurred from Paypoint to the shop.

PayPoint charge their partners on a per transaction basis and pass a proportion of that revenue on to the retailer. They don't pay PayPoint, PayPoint pay them.

The key detail to share when topping up your Monzo card is to tell the cashier they need to swipe it on their PayPoint machine, not to try and use the chip.

adamp87

I don’t think this will disappear in 2025, unless cash suddenly disappeared.

We’ve only major bank now in our town, nearest for 30 min drive. Whilst a lot of people have switched to them, many businesses and such haven’t and we do all our banking business wise via the post office to our main bank.

I think it’s more likely the bank will close down that branch in 5 years to be honest