You can deposit cash at any Post Office or PayPoint branch across the UK. All you’ll need is your business card and PIN 💳. Once your deposit is complete, the money will be available in your account straight away for you to use. Please note that these services only accept British Pounds (GBP), foreign currency cannot be accepted.
Whether you're a sole trader or a limited company, here's how the limits and charges work.
Depositing at the Post Office
The Post Office is a cost-effective way to deposit larger amounts of cash.
Charge: 0.5% of the total amount (or a minimum of £2), whichever is greater.
| Limit type | Sole Trader | Limited Company |
|---|---|---|
| Single transaction limit | £2,000 | £2,000 |
| Total daily limit | £5,000 | £7,000 |
Example: If you deposit £2,000 at the Post Office, the fee would be £10 (based on the 0.5% charge).
Depositing at a PayPoint store
PayPoint is convenient for smaller, frequent deposits at local shops.
Charge: 3% of the total transaction value.
| Limit type | Sole Trader | Limited Company |
|---|---|---|
| Single transaction limit | £500 | £500 |
| Total daily limit | £1,000 | £2,000 |
Example: If you deposit £2,000 at PayPoint (across multiple transactions/days), the total cost would be £60 (based on the 3% charge).
Top tips for cash deposits
Keep your receipt: Always ask for and keep your deposit receipt until the funds show in the app. 🧾
Check your limits: To avoid disappointment at the counter, make sure your deposit doesn't exceed the daily limits shown above.
Have your card ready: You'll need to insert your physical card into the card machine and enter your PIN to authorise the deposit. ✅