Coutts, wealth manager and private bank, today joined the Post Office’s Banking Framework, allowing its customers to undertake banking services at Post Office branches.
Coutts, part of the RBS Group, is the 30th financial institution to join the Framework, which includes high street banks, digital start-ups and credit unions.
“Post Office and Coutts have both been in business for well over 300 years and we’re delighted their customers can now do their everyday banking at our 11,500 branches,” said Martin Kearsley, banking director at the Post Office.
“With 6,000 of our branches being in rural areas, many open longer hours and at weekends, we’re ideally placed to provide a convenient, personable and secure service for their customers.”
In addition to Coutts, Adam & Company, also owned by the RBS Group, will join the Banking Framework.
The Post Office on average supports around 1.9 million transactions a month amounting to around £350 million withdrawn and deposited by NatWest and RBS customers in local communities.
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