Monzo has joined the Post Office network to allow its customers to make cash deposits across 11,500 branches.

The digital bank joins around 30 other financial institutions which offer the same service, which sees the Post Office process around £100 million each day.

All nine million Monzo customers can now deposit cash into their accounts at any Post Office branch using their debit card.

The Post Office says that 99 per cent of the UK population live within three miles of a branch, while a further 90 per cent live within one mile, meaning that a “substantial” number of Brits have access to its cash services.

“With cash deposits now available for Monzo customers at all our branches, we are helping to empower even more people to manage their finances conveniently,” said Ross Borkett, banking director at Post Office.

In February, the Post Office revealed that it handled £3.37 billion worth of cash transactions in January 2024.

The value of transactions increased by more than £140 million compared to January 2023.

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