ACS

ACS has welcomed the Government’s response to the Post Office Banking consultation. The response outlines the range of new banking products which the Post Office will be able to offer in branch. This includes a new Post office current account, greater access to other bank accounts; a new child’s saving scheme and more banking services to small businesses.

ACS Chief Executive James Lowman said: “Post Office Banking services will offer a crucial support for Post Office businesses.There is clearly public appetite for such services and the Government have set out a range of products which will appeal to a wide range of customers.”

“We also appreciate that Government recognised the need for these products to be sustainable for the sub postmasters who will be tasked with delivering these products in-branch. We look forward to more detail on these products and working with Government and Post Office to see how they will be delivered.”

Contacts:

Shane Brennan Public Affairs Director
01252 515001
Chris Noice Communications Co-Ordinator
01252 533013/ 07801 997070

Notes to Editors

1. ACS (Association of Convenience Stores) is the voice of local shops, representing over 33,500 convenience stores. ACS helps local shops thrive through lobbying, support and networking opportunities.
2. The full report can be read here: http://www.bis.gov.uk/assets/biscore/business-sectors/docs/10-733-post-office-banking-government-response-to-consultation.pdf