Customers will be able to access their bank accounts fee free at all 11,500 Post Office branches in the UK. 

The following services will be available: cash withdrawals, cash deposits, cheque deposits and balance enquiries.

Brian Robertson, CEO of HSBC Bank plc, said: “We recognise that our customers like to bank in a variety of different ways. 

“This initiative extends the ways that customers can manage their money with HSBC in the manner of their choice, via our 1,200 branches and 3,600 ATMs, phone and text banking, personal internet banking or our Fast Balance mobile application.”

Paula Vennells, chief executive of the Post Office, said: “This new partnership comes as the Post Office embarks on the biggest network investment in its history to both maintain and modernise its unrivalled estate.

“This agreement means that 95% of all UK debit cardholders will have access to their money at Post Office counters.”