Post Office Deposits
Adam Goodall
Co-founder & Chief of Product
Posted 2 years ago

Deposit Cash at your Local Post Office

At Coconut, we want to be the one place you can come to get all of your business finances sorted, from banking and payments right through to sorting your accounting and taxes.

By doing everything through one simple product, it means you don’t have to have lots of different apps to run the finance side of your business.

One thing we were missing on the banking side of things, was the ability to deposit cash, meaning that some of our customers were having to pay in cash to traditional current accounts and transfer the money over. Well…

Now, you can

You can now deposit cash at your local post office. Just head to one the 11,500 branches with your Coconut card, and you’ll be able to deposit cash.

Within 24 hours, it’ll be applied to your balance and available to spend.

Post Office Deposits

How does it work?

We’ve put together this article to help you through the process.

It’s pretty simple, just present your Coconut card and ask for the option to swipe your card. Then within 24 hours your cash will be ready to spend.

Does it cost to deposit cash?

The Post Office charges for this service, so there is a small £1 charge for customers on our Start plan.

If you’re on our Grow plan, you get 5 free cash deposits each month (£1 thereafter). To see our pricing in full check out our pricing page.

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