Posted on 10/05/2021 6:14:56 AM PDT by devane617
Check cashing is the biggest change in services the Postal Service provides. Customers can use payroll or business checks to buy single-use gift cards worth up to $500. Checks larger than $500 will not be accepted.
Many people do not have easy access to banks, but most can find a post office. Sixty-nine percent of U.S. census tracts with post office retail locations — representing 60 million people — do not have community bank branches, according to a study published in May by the University of Michigan.
A lack of access, the costs associated with banking and a distrust of the banking system also have discouraged some people from using banks, leaving them out of the system entirely.
About 8.4 million households, or 6.5 percent of households in the U.S., are "unbanked," according to the Federal Deposit Insurance Corp., and 18.7 percent of U.S. households (24.2 million) are "underbanked" — meaning they may have checking or savings accounts but also use financial products and services outside the banking system, such as payday lenders.
Loke the congressional House Bank?
What could possibly go wrong?
Like
BULLSHIT!
Why not?
Seems a convenient place to vote anonymously, submit a driver license application, deposit money .... Receive government checks.
Kiting checks for friends since 1879!
It’s already so fun going into a post office and waiting in line. Can’t wait until the line is twice as long and the security is beefed up because of all the extra cash they have at the counter. /s
What about food deserts? Shouldn’t they sell produce too? Can poor Sandra Fluke types access free birth control? Supply them too.
They can be a spy agency so why not a bank? < /sarc>
Will they allow illegal aliens without IDs to cash checks or only vote?
The Norwegians were doing this 30+ years ago when I was stationed there. We couldn’t pay rent or any of our bills unless that money changed hands at the PO. Hopefully they can do stuff online now. There was no “online” then.
So all vendors will have to accept a Post Office Gift card as tender?
Quick... How much can Visa or Mastercard donate to the Biden administration.
About 25% of the people in the country either don't have access to a bank or have limited access to banks. Yet every small town in the U.S. has a post office. It makes sense under certain circumstances.
When grandma gets mugged going to the post office to send Aunt Helen a birthday card the Democrats will have total chaos and mugging for less rhen $1000 will be legal.
Indeed, you nailed it.
The Congressional Bank was so corrupt that when Limbaugh exposed it, it suddenly failed to exist. (Betcha that pile of crap is still there - name changed to protect the guilty.)
Folks, Bastille day.
Sometimes we have to make them eat that cake.
“They can be a spy agency so why not a bank? < /sarc>”
Hmm...Right on Spy Agency...
Really?
USPS has run over a 5 billion deficit in the past few years.
Little hamlets of 500 people or less cannot support a commercial bank, but they can support a post office.
Walmart already has this service. And you don’t have a puny $500 limit. So the USPS is already beat at this game (and it has fewer locations and more limited hours).
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