Leading high street bank challenger Advanced Payment Solutions (APS), has collaborated with themoneyshop.com, to offer their consumers the opportunity to open an instant digital current account in minutes – without the need for a credit check.
themoneyshop.com customers who open the account, will have access to APS’ Cashplus offering, which includes a digital current account, enabling consumers, small companies and self-employed workers who pass the required identity and address checks, to begin making and receiving payments straight away. This will hugely benefit those consumers and businesses, who struggle to gain access to traditional banking services due to excessively restrictive credit checking procedures.
themoneyshop.com customers will also have access to APS’ Cashplus Creditbuilder. This service will allow eligible customers to develop proof of successful credit repayments, with the aim of helping to re-establish credit-worthiness.
As part of this new arrangement, themoneyshop.com and APS will be using their combined financial services expertise to develop a tailored credit card proposal, which customers will ultimately be able to access through The Money Shop’s site along with APS’ existing services.
Rich Wagner, CEO and founder Advanced Payment Solutions (APS) commented: “We are extremely proud to announce our relationship with themoneyshop.com. Collaborating with the brand will open up our Cashplus solution to their vast network of underbanked businesses and consumers.
“Together with themoneyshop.com, we are committed to providing financial services to those who struggle to access solutions from traditional providers.”
Stuart Howard, CEO of Dollar UK, which owns The Money Shop, said: “We are delighted to be collaborating with APS to provide themoneyshop.com customers with hassle-free, fast access to digital current account, which includes a pre-paid debit card. Some of our customers are typically unable to secure a traditional bank account. This will allow customers to enjoy all the benefits of having a current account which comes with a pre-paid debit card. It can also act as a safer alternative to help rebuild credit scores, whilst helping customers manage their finances.
“This new service is further evidence of how customers are at the forefront of everything that we do and will support themoneyshop.com’s continued drive to offer customers a diverse range of financial services solutions. We want to make life easier for those who rely on our services and this is exactly what this offering will do.”