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U Account introduces cash pay-in option

Martin Greenland | 13:46 Friday 20th April 2018

U Account has launched a cash pay-in option for its 50,000 current account customers.

The smartphone-based account has integrated with PayPoint as part of its advanced technology solution allowing customers to pay cash into their accounts at any of the 29,000 participating retailers in the UK.

Account holders can now pay in up to £250 in cash in a single transaction.

“Our mission is to support the efforts of our account holders to improve and maintain their financial wellbeing,” said Alex Letts, founder and chief unbanking officer at U (pictured above).

“Building PayPoint into our service is an essential piece of this equation: users have easy access to 29,000 terminals, where they can pay in cash, as opposed to needing to catch a bus or drive miles to one of the few remaining bank branches.

“It's about being a help and not a hindrance to people, giving them more options, and more control.”

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