Standard Account

  • Free everyday banking with no nasty surprises

Post Office Money® Current Accounts are provided by Bank of Ireland UK. For overdrafts, Post Office Limited is a credit broker and not the lender.

Overview

A straightforward current account that offers free everyday banking with no hidden charges

  • Visa Debit card with Contactless payments, cheque book and competitive overdraft 14.6% EAR
  • Manage your account online, in-branch, over the phone and by mobile
  • Visa Debit card with Contactless payments

Contactless payment symbol

Want to open an account?

To find your nearest branch where you can open a Standard Account, click here.

Important information on overdrafts

Representative example: Based on an overdraft limit of £1,200 used in full for a one month period where the variable rate of interest is currently 13.72% per annum, the total charge for credit would be £13.72. 

The amount is for illustrative purposes only and the Equivalent Annual Rate (EAR) for comparison purposes is 14.6% EAR (variable).

Bank of Ireland UK subscribes to the lending code.

Contactless payments Post Office contactless payment Visa debit card

In a rush or just have no change? Paying for everyday things couldn’t be easier with contactless payments.

Is it right
for you?
Right for you if
  • You want free everyday banking with no hidden charges
  • You want to be able to set up standing orders and Direct Debits 
  • You'd like the option of applying for an overdraft when you need it
  • You’d like a Visa Debit card with Contactless payments
Try another account if

XYou’d like the certainty of no default bank charges in
exchange for a small fixed monthly fee

XYou don't want a debit card and only need a cash card to
manage your money

If this isn’t the right current account for you, why not take a look at our Control Account.

 

Right for you if
  • You want free everyday banking with no hidden charges
  • You want to be able to set up standing orders and Direct Debits 
  • You'd like the option of applying for an overdraft when you need it
  • You’d like a Visa Debit card with Contactless payments
Try another account if

XYou’d like the
certainty of no default
bank charges in
exchange for a small
fixed monthly fee

XYou don't want
a debit card and only
need a cash card to
manage your money

If this isn’t the right current account for you, why not take a look at our Control account.

 

Your charges
explained

A Post Office Money Standard Account offers free everyday banking with no hidden charges. As long as you have sufficient funds in your account you won’t pay anything for:

  • Paying by cheque
  • Paying by standing order
  • Paying by Direct Debit
  • Using your Post Office Visa Debit card for withdrawing cash from ATMs in the UK (however, some cash machine providers charge for their service so always check)
  • Making payments using your Visa Debit card in the UK
  • Paying in and withdrawing cash in Post Office branches

Charges do apply to certain transactions and services we offer, see our full guide to fees and charges.

Overdraft Interest

Charges Overdraft (subject to status and lending criteria)
Standard Account 14.6% EAR
What do
I need?

When you apply you may be asked for a form of ID and proof of address. Here are the documents we accept – please bring the original plus a photocopy of one from each list with you, in case you need them.

You’ll see the ID is to prove your name - your document must show your full name, not just your initials. Then the proof of address is to validate where you live. Please note the same document cannot be used for both ID and proof of address.

Forms of ID

One item from this list (must show applicant’s full name):

  • Full current signed passport (no more than 10yrs old)
  • Current full UK/EU/USA/Canada/Australia photo card driving licence (no more than 10yrs old)
  • Current full ‘old style’ UK driving licence (no more than 51yrs old)
  • Current provisional UK photo card driving licence (no more than 3yrs old)
  • DWP correspondence (or other Benefits Agency) e.g. Pension/Allowance benefit (dated within last 13mths)
  • Tax coding notice/assessment (dated within last 13mths)
  • EU National Identity Card (photo card)
  • UK Police Force warrant card
  • Electoral ID card (Northern Ireland only)

Plus one item from this list (must show applicant's current address) :

  • Utility bill i.e. gas, electricity, water, telephone (excluding mobile), cable services, satellite TV (dated within last 6 months)
  • Bank, building society, mortgage, credit card statement or credit union statement (dated within the last 6 months). Printouts of online statements aren’t accepted
  • Current full UK/EU/USA/Canada/Australia photo card driving licence (no more than 10yrs old)
  • Current full ‘old style’ UK driving licence (no more than 51yrs old)
  • Current provisional UK photo card driving licence (no more than 3yrs old)
  • DWP correspondence (or other Benefits Agency) e.g. Pension/Allowance benefit (dated within last 13mths)
  • Local Authority correspondence e.g. Rates/Council Tax (dated within last 13mths)
  • Correspondence from HMRC / Revenue Commissioner e.g. tax coding notice (dated within last 13mths). P60s & P45s aren’t accepted
  • Confirmation from work/school/college/ university/care institution confirming name, address and details of employment /student/residence status (students only) (must be the most recently issued document and less than 12 months old)
  • UCAS letter – students only (must be the most recently issued document and less than 12 months old)
  • Letter from solicitors confirming recent house purchase within the last 3 months
  • Electoral register search through a credit reference agency
How to apply

1. Go into branch:

To find your nearest account-opening branch, click here

2. Complete an application form:

We’ll process it while you wait and aim to open your account there and then. You’ll need to be 18 or over, a UK resident and able to open your account with a £20 deposit. You will also need to provide an acceptable form of ID and proof of address so please bring these with you.

3. Start your day-to-day banking:

We’ll send you everything you need to get up and running including your cheque paying-in card and Visa Debit card.

Definitions

0345: Calls to 03 numbers will cost no more than calling a standard geographic number starting with 01 or 02 from your fixed line or mobile and may be included in your call package dependent on your service provider. Calls may be monitored or recorded for training and compliance purposes.

EAR: Equivalent Annual Rate (variable). The EAR is an illustrative interest rate calculated on the assumption that any overdraft interest charged is added to the overdraft balance at the time and then the next interest charge will be based on that slightly higher overdraft balance. This rate assumes that interest is charged monthly and compounded 12 times in a year.

Small print

Post Office Money® credit cards, personal loans and overdrafts are provided exclusively by Bank of Ireland (UK) plc.

Post Office Limited is a credit broker and not a lender. Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Post Office Limited is registered in England and Wales. Registered Number 2154540. Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office Money and the Post Office Money logo are registered trademarks of Post Office Limited. Our FCA Register number is 409080. You can confirm our registration on the FCA's website (www.the-fca.org.uk) or by contacting the FCA on 0800 111 6768.