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If you mention postal banking to people from the US they utterly lose their shit on you tho.

Imagine if the post office was getting transaction fees instead of banks.



As long as they aren't stopping other banking, I'd be happy to see the post office extended to offer banking services. Just like I can use FedEx for mail.


First guy that mentioned post office banks to me was a British expat who also said that the post office checking account was really useful when he was a starving student. He was about 1500 pounds overdrawn when he graduated and they were still cashing his checks.

Since then I've seen post office banking as a way for getting poorer people out from under the thumb of exploitative banks, credit card companies, and check cashing places. Consider as well why should the government give a cut of EBT's cards and unemployment transactions.




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