An Post Money has announced that its Flex Card customers can now moved up to 95 per cent of their credit limit to their current account as a deposit and pay it back over up to two years at 5.9 per cent interest.

The company has also updated its rates and terms for its current account, credit card, loan and foreign exchange offerings.

The An Post Money current account costs €5 per month or €2 for users aged 16-22, with transaction costs for cash withdrawal of 50c from post offices and 60c from ATMs.

Users can manage a range of direct debits, scheduled payments and credit users and access their accounts via the An Post Money app or any post office. They can also withdraw up to €200 emergency cash if their card has been lost or stolen.

Digital features include a dynamic CVV, providing an additional layer of safeguarding; savings jars, digital wallets, mobile payments, and the Money Manager budgeting tool for tracking budget, categorising spending and financial insights.

The money manager can be linked to all current accounts and credit cards, regardless of the issuing financial institution, and it allows customers to set a budget limit and receive notifications when approaching the limit.

The tool also provides breakdowns of income and expenditures.

Parents can also easily create a kids' current account for their children, featuring Money Mate, an educational tool that teaches money management for €2 per month.

Children will get a personal debit card, enabling them to earn, save and spend with their own contactless debit Mastercard, but the parents stay in control with the parental oversight feature.

Parents can set savings goals for their kids, while kids can pay safely in shops and online with their own contactless card, which can be temporarily frozen if misplaced.

The firm's Classic Card has zero per cent interest on credit card balance transfers for 12 months, while the Flex Card has zero per cent interest on purchases for the first nine months.

The Flex Card has been named Best Credit Card by Bonkers.ie for the past four years, and features include quick online applications, the ability to add three other cardholders, and easy money transfers.

Holders can manage their card using the online banking portal or the An Post Money Credit Card app to view their balance and transaction details, approve online purchases, receive alerts for activities on their card, freeze/unfreeze their card instantly, make payments and set up Apple/Google Pay.

An Post Money now buys foreign currency cash at 345 of its post offices nationwide, allowing customers to exchange US, Canadian and Australian dollars, pound sterling and Polish zloty for euros with no commission fee.

Additionally, An Post Money currently offers the best fixed rate in Ireland on loans from €20,000 to €30,000 with products for home improvement, vehicles, education, wedding, cosmetic/dental/medical, funeral expenses, holidays and more, although loans can go up to €75,000.

The available APR on most loans below €20,000 starts at 6.9 per cent, depending on the length of the term, which can range up to ten years for home improvements and refinancing.

An Post Money is also taking part in the SBCI Home Energy Upgrade Loan Scheme, offering an APR of 5.9 per cent on loans of €10,000 to €19,999 over one to ten years.

The company recently won Best Customer Service, Best Credit Card and Best Consumer Brands at the 2025 Bonkers.ie Awards.

The judges commended An Post Money for showing "innovation, a strong focus on putting customers first as well as a commitment to delivering excellent value".

(Pic: Getty Images)