Postal order fees to increase – first price rise in seven years

From 17 July, fees for postal orders will increase for the first time since 1996, Post Office Ltd announced today. The increases range from 5p to 25p depending on the face value of the order.

“The increase brings fees in line with the rise in inflation over the last seven years i.e. they cost the same in real terms as they did in 1996. It is simple commercial common-sense to cover increased costs,” said Simon Carter, Post Office Ltd. “Postal orders remain an inexpensive and convenient way to send money, especially for customers who don’t want to use a bank account.”

Postal orders can be bought and cashed at all UK Post Office® branches. They can be used for a wide range of services including mail order purchases, bill payment and as a secure alternative to cash or providing credit card details when shopping on the internet.

Ends
Issued by Post Office Ltd. (020 7250 2468)
148 Old Street
London
EC1V 9HQ
www.postoffice.co.uk

Notes to editors:

The new fees will be as follows:
Postal order face value Current fee New fee from 17 July 2003
50p, £1 25p 25p
£2, £3, £4 45p 50p
£5, £6, £7 65p 80p
£8, £9, £10 80p £1
£15 90p £1.10
£20 95p £1.20

The Post Office and the Post Office symbol are registered trade marks of Post Office Ltd.

www.postoffice.co.uk