2 ms·
Japan offers banking at the post office. Not sure what the tradeoffs are vs their commercial banks
by nox101 3y ago
Japan offers banking at the post office. Not sure what the tradeoffs are vs their commercial banks
- quartesixte 3y agoAFAICT/R, JP Post banking used to be really barebones, even for late 2010s Japan. No credit cards/debit cards, not a lot of financial products, etc. In recent years it seems like they have added a credit card and a debit card and online banking as well. On the flipside, they are one of the most ubiquitous ATMs in Japan and your local post office will double as a branch for JP Post Bank (which are everywhere). Oh and it's nation wide too! Which is kind of important for a country where some banks restrict activities and branches to their direct locality. Man. I wish patio11 would talk about Japanese banking more because to most American audiences that system is also just, completely something else.