HSBC and first direct customers will
be allowed to access their bank accounts at 11,500 Post Office
branches across the UK in 2013, it has been announced.

Approximately 9m HSBC and first direct personal
current account customers will be able to make cash withdrawals and
deposits, cheque deposits and balance enquiries at Post Office
outlets throughout the UK due to the deal.

HSBC has a branch network of 1200, while the
lender’s subsidiary first direct has no physical presence in terms
of branches as it offers its services via online and mobile
platforms, alongside call centres.

Brian Robertson, CEO, HSBC, said the bank
recognises that “customers like to bank in a variety of different

“This new partnership allows us to provide
them with an additional opportunity to access their HSBC bank
accounts at Post Office counters.”

Post Office chief executive, Paula Vennells, said:

“This new partnership comes as the Post Office
embarks on the biggest network investment in its history to both
maintain and modernise its unrivalled estate. This agreement means
that 95% of all UK debit cardholders will have access to their
money at Post Office counters.”