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Other articles* mention fees: $5.95 to cash checks up to $500. That's more than my local-chain grocery store's service counter. * https://prospect.org/economy/
by readflaggedcomm 5y ago
Other articles* mention fees: $5.95 to cash checks up to $500. That's more than my local-chain grocery store's service counter.
* https://prospect.org/economy/usps-begins-postal-banking-pilot-program/ https://prospect.org/economy/usps-begins-postal-banking-pilo...
- alisonkisk 5y agoNot everyone lives near your grocery store. Credit cards and paypal charge 3%
- wcfields 5y agoSo they’re trying to kill it before it even gets off the ground.
- adenadel 5y agoIf you're not a customer of a bank and you come to cash a check (that isn't drawn on that bank) then you are going to pay a fee (if they will even cash it). I assume check cashing businesses charge a similar fee. It would be great in principle if the USPS could cash checks for free, but they are also taking on the risk of the check being bad.