The Post Office’s Ask-A-Friend cash access scheme has been extended - here’s how it works
This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.
The ongoing coronavirus pandemic has seen some of us affected in ways we weren’t expecting. One issue that has cropped up is accessing cash - something which has become much more difficult, especially for vulnerable people and those self-isolating.
The Post Office has decided to tackle this issue, announcing an extension of one of its services which is designed to make accessing your own money much easier during these difficult times.
Advertisement
Hide AdAdvertisement
Hide AdThis is everything you need to know about the Post Office’s Ask-A-Friend scheme - from how it works to how you can use it.
What is the Ask-A-Friend cash access scheme?
The initiative is actually called the Post Office Payout Now scheme, and it allows an individual to have a trusted friend or volunteer withdraw cash on their behalf from any Post Office, using a single use voucher.
The Post Office has announced that the Payout Now scheme will be available to all UK banks, including building societies and credit unions, so that it is available to any and all customers who may need it.
Previously, only a named individual - such as a carer - could collect cash in this way on someone else's behalf, but this new system is being implemented in order to help those affected by the ongoing coronavirus pandemic.
Advertisement
Hide AdAdvertisement
Hide AdMartin Kearsley, banking director at the Post Office, said, “Being able to easily access cash is a vital service for older people and those self-isolating.
“[This] means they can access cash quickly and securely to repay someone for a helpful service like shopping, or simply manage their finances, providing peace of mind that cash can be securely sourced with the help of any trusted helper.”
How to use the service
To use the Payout Now service, you’ll need to get in touch with your bank, building society or credit union, who will then be able to issue you a barcode voucher.
The barcode is a one time voucher that will be issued for your chosen amount of money and be sent to you either by SMS text, email or post.
Advertisement
Hide AdAdvertisement
Hide Ad