Post Office to offer current accounts

Help

The Post Office is to offer current accounts in the UK, following a regulator's claim that the market offers little choice for consumers.

The new account, provided by Bank of Ireland, will be available in some areas in the coming weeks before a wider launch next year. It follows criticism from a regulator in January that the market was dominated by a few providers.

Other new entrants to the UK current account market in recent times include Metro Bank in 2010 and M&S Bank in 2012. Tesco Bank has also announced plans to launch an account soon.

Simon Gompertz reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.