Mortgage – An Post to announce first and second class pricing system this year and hope to enter mortgage market
AN POST’S CEO has revealed the postal service will be announcing a first and second class pricing system this year.
David McRedmond also said the postal service “very much hope to” enter the mortgage market.
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He said the first class pricing system will include an express service.
It will also allow people to have mail tracked and know when it has been received.
He told RTE’s Brendan O’Connor Show: “A lot of mail isn’t always urgent but if you want something that’s really really important – birthday cards, bereavement letters, items that really matter to you – we’re going to put in place a really brilliant system.
“Where you can have it tracked, you can know if its been received, when it was delivered and an express service. They’re the options we’re looking at.”
He said the price of this first class service has not yet been decided.
The CEO said that under the second class option, it will cost “more or less a euro or around a euro” to send a letter.
This will be for standard mail which will be delivered over one to two days.
‘A VERY SIMILAR SERVICE’
McRedmond said the second class service will be “a very similar service” to the one people are getting at the moment.
Meanwhile, when asked if An Post are going to enter the mortgage market, the CEO responded: “We very much hope to.
“We’ve met a number of different providers around mortgages and seen what is it we can offer.
“But there’s not much point as to us coming to the market with a kind of me too product that the banks have.”
He added: “We need to come with something better. For example, our credit card we think is a considerably better offer than currently in the banks.
“So that’s what we want to do, we want to come with a better offer.
“We’ve been looking at this very closely. We’ve made good progress and I think we should hope in the next couple of years to be able to introduce that.”
McRedmond also commented positively on reports that Amazon is close to opening a logistics centre here.
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Amazon is understood to be looking into taking on a huge fulfilment facility for orders to be processed and packaged in Baldonnell, Dublin, Bloomberg reported.
The An Post CEO said: “It’s good for jobs … It’s good to have jobs in Ireland as opposed to warehouses outside of Ireland.
“It’s also easier because the items will be here and we can ship directly from there.”
