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I think the best answer to this is postal banking - let people open up basic bank accounts and get other simple financial services at the post office. Do it as
by awillen 4y ago
I think the best answer to this is postal banking - let people open up basic bank accounts and get other simple financial services at the post office. Do it as a public service, fee free (with charges for anything beyond basic accounts to help fund it).
- SapporoChris 4y agohttps://en.wikipedia.org/wiki/Postal_savings_system https://en.wikipedia.org/wiki/Postal_savings_system Looks like something that has been tried in many countries with varying degrees of success. It appears it was tried for over fifty years in USA and then shut down. Would love to know why it was discontinued. https://en.wikipedia.org/wiki/Postal_savings_system#United_States https://en.wikipedia.org/wiki/Postal_savings_system#United_S...
- SamReidHughes 4y agoAs Canada has shown, that is no answer.