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Could U.S. Postal Banking Reemerge?

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SOGGIE
Valued Contributor

Could U.S. Postal Banking Reemerge?

A U.S. postal banking system was in place until 1967. Could this system reemerge? I wonder how their credit products (if any) would line up. Interesting!

 

"Postal banking could provide free accounts to 21 million Americans who don't have access to a credit union or community bank"

 

https://news.yahoo.com/postal-banking-could-free-accounts-122842878.html 

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben
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FalconSteve
Valued Contributor

Re: Could U.S. Postal Banking Reemerge?

I am fine without it, but I think USPS should offer banking services again. We stopped offering it so banks could make more money. It would also fill in the gaps that aren'r profitable, which USPS does well.

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