Alliance & Leicester Commercial Bank partners with Post Office UK

Alliance & Leicester Commercial Bank has teamed up with Post Office Limited to launch a new scheme for small businesses.

Under the new agreement, Post Office branches will be able to introduce a range of Alliance & Leicester business current accounts to small business customers.

The bank noted that the launch follows a successful pilot which was carried out with the National Federation of Sub Postmasters over a three-month period at 41 Post Offices across the UK.

Alliance & Leicester said that the customers of the bank already benefit from being able to carry out their day-to-day banking transactions at any of the UK’s network of Post Offices. Business customers are able to pay in or withdraw cash and check their account balance and deposit checks over the counter, as well as receive a change giving service. The new agreement further strengthens and extends Alliance & Leicester Commercial Bank’s support for the Post Office network, the bank added.

Andrew Spice, head of banking and payment services at Post Office, said: “This new arrangement further extends the range of useful services on offer for small businesses at their local Post Office branch. From banking and mail services, to cash collection and even van insurance – small businesses can now benefit from the convenience of an introduction service for specialist business bank accounts.”