Press release -
Post Office Launches Money Card
The Post Office is today launching its Post Office Money Card – a pre-paid MasterCard® card offering customers the opportunity to take control of their finances.
Customers will have the choice of two options: Post Office Money Card Pay As You Go or Pay Monthly, both of which will provide them with the convenience of a credit or debit card without the worry of spending beyond budget.
Money Cards can be topped up in every Post Office branch, with 2,500 branches offering over 60,000 extra opening hours and around 1,500 open on Sundays and through Post Office mobile vans which visit over 250 rural locations in the UK. Customers can also load money via website, call centre and SMS, once the customer’s details are registered via www.postoffice.co.uk/moneycard. The maximum load at any one time is £500, free of charge.
This introduction of the Post Office Money Card is part of Post Office’s ambition to drive growth in its financial service business as well as challenging the market by offering customers a real alternative to other providers.
Designed to make life easier, the Post Office Money Card provides a secure and convenient way to buy goods, be it online or in store. Customers will be fully in control of their finances as they will only be able to spend what is available on the card.
Alan Smith, Head of Payments & Banking Services at the Post Office, said: “The launch of the new money card is yet another way in which Post Office is offering its customers a choice in how they manage their money; the card provides an alternative to traditional payment methods, such as a debit or credit card.
“The introduction of the Post Office Money Card is a welcome addition to the Post Office’s already well-established award winning financial services offering. The card offers customers the flexibility they need to carry out their day to day transactions while enabling them to closely manage their budget. The card can also be topped up in a number of ways, meaning customers can manage their money while on the move.”
Marion King, President at MasterCard UK & Ireland, said: “We are excited to partner with the Post Office to launch this prepaid card. The Post Office has a significant retail network and this new payment card maintains our focus on financial inclusion which aims to increase economic opportunities and life outcomes for the UK consumer.”
Accepted by retailers in the UK, the Post Office Money Card can be used for everyday spending, whether on the high street, online, or to withdraw cash from tens of thousands of ATMs.
The launch of Post Office Money Card will complement its existing award-winning products and services including travel money, travel insurance, savings, mortgages, mails and government services.
Ends
For more information, please contact:
Carmel McCarthy
Post Office Press Office
Tel: 020 7 250 2268
Mob: 07717 294529
Email: carmel.mccarthy@postoffice.co.uk
Twitter: @postofficenews
Topics
Categories
About the Post Office
The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.
The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.
Please note the Press Office team can only deal with enquiries from the media. Unfortunately they do not have access to customer information so can not help with customer enquiries.
If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes. 611 2970.
