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The post office used to offer free checking accounts and basic banking services. They should reintroduce that with updated digital services as well.
by dclusin 7y ago
The post office used to offer free checking accounts and basic banking services. They should reintroduce that with updated digital services as well.
- sct202 7y agoI can only speak about my local post office, but I can't imagine wanting to deal with their customer service if anything were to happen to my money.
- sgc 7y agoMany countries have postal services offering banking to help pay for the post/because it works well with postal branches everywhere. They are separate divisions and the banking division is run like a bank. But I am always skeptical in the US, because government employees and caring, efficient/competent service don't seem to mix all that often.
- dclusin 7y agoIt's more about providing a basic level of service to the marginalized groups in our society who are unbanked. It also provides a bulwark against extortionary and predatory pricing. Take check cashing as an example. Every time you get paid from your (I'm assuming highly paid) tech job does your bank take 1%? That's the story for people who don't have bank accounts. You and I would never use these services.