Deposit Cash at your Local Post Office
Deposit Cash at your Local Post Office
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Product updates
18
June 2019

Deposit Cash at your Local Post Office

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 your cash.

Adam Goodall
Adam Goodall
Co-founder & Chief of Product at Coconut
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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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Coconut is the trading name of Coconut Platform Ltd, company number 09904418. Coconut is registered with the Financial Conduct Authority (FCA) as an Account Information Service Provider under the Payment Services Regulations 2017 (reference 931194).

Coconut provides some customers with a business current account, but is not a bank. The Coconut current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd, which is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 (reference 900010) for the issuing of electronic money.

PPS holds all funds in a safeguarded account in accordance with the Electronic Money Regulations 2011 which protects customers against Coconut or PPS’s insolvency. The Coconut Mastercard is also issued by PPS pursuant to a licence by Mastercard International.
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