Postal banks would also mean people without access to banks would have access to banking services since there is a PO is just about every town. Given that a majority of post offices are in zip codes with just one or no banks at all, this would be an incredible service.
It's a win/win for the unbanked and for the postal system.
Read the story here.
Postal banking is an important complement to public banking which provides a way for our tax dollars to work for our communities not Wall Street. In Washington DC a feasibility study for a public bank is underway. Be sure to read more about the Alliance’s public bank campaign here.