Business account customers with two major financiers can now access their finances at branches of the Post Office.
Companies with business accounts
with the Royal Bank of Scotland (RBS) and NatWest will now be able to access their finances through the Post Office, it was announced yesterday (November 9th 2010).
In news that is also of note for customers eager to compare savings
on current account
packages with the two financiers, the government has revealed such consumers will be able to conduct their fiscal business at branches of the Post Office as part of its plans to rejuvenate the institution.
Edward Davey, minister for postal affairs and MP for Kingston and Surbiton, has spoken of the Conservative-Liberal Democrat alliance's desire to "turn the Post Office network around" as it is regarded by the coalition as a "tremendous national asset".
The administration has therefore pledged £1.34 billion worth of funding for the organisation over the next four years, with Mr Davey adding that he is "particularly pleased" with the agreement to allow RBS and NatWest business account holders to control their affairs from there.
By Kate Guthrie