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...
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