Developing the banking and financial services available at the Post Office
Open date: 02 Dec 2009
Closing date: 24 Feb 2010
Response date: 29 Mar 2010
This consultation sets out what the Post Office already offers in terms of financial services; it draws comparisons with Post Banks around the world; and it sets out the Government’s vision for Post Office banking and the values that should underpin it. In addition, the consultation puts forward a number of proposals for new financial products that the Post Office could offer.
Areas for consultation
This consultation set out what the Post Office already offered in terms of financial services; it drew comparisons with Post Banks around the world; and it set out the vision for Post Office banking and the values that should underpin it.
In addition, the consultation put forward a number of proposals for new financial products that the Post Office could offer. These included:
- A Post Office current account;
- A Children’s Savings account to encourage saving at the Post Office from an early age;
- New services for small businesses including a Post Office business account;
- A weekly budgeting account to allow those on low incomes to take advantage of direct debits and reduced bills.
Download the consultation
Download the government response
