Chase has announced a new partnership with PayPoint that will enable customers to pay cash directly into their Chase current account at more than 30,000 PayPoint locations across the UK.
The new service will give Chase customers more choice in how they manage their money, combining the convenience of digital banking with the ability to deposit notes and coins locally, reflecting the continued importance of access to cash services in the UK, giving customers a convenient way to pay cash into their account in communities across the country.
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Customers can deposit both notes and coins, with a minimum deposit of £10. They can deposit up to £500 each month, subject to an annual limit of £6,000, with no fee for using the service.
Paridhi Rathore, head of payments for Chase, said: “We want banking with Chase to fit around customers’ lives, giving them simple and convenient ways to manage their money. Our partnership with PayPoint gives customers the best of both worlds: the ease of managing their money through the Chase app, with the option to deposit cash locally when they need to.”
Anthony Sappor, banking and digital engagement director at PayPoint, added: “With more than 30,000 PayPoint locations nationwide, we’re proud to provide Chase customers with a simple, convenient way to deposit cash locally and securely whenever they need to. By combining Chase’s digital banking experience with PayPoint’s nationwide retail network, we’re making it easier for customers to access essential banking services in the communities where they live and work.”
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