Comment on The post office is finally going to try out being a bank

The post office is finally going to try out being a bank

Basic financial offerings at post offices could be a means to help poorer communities access simple banking transactions. According to a 2019 report by the Federal Reserve, 22% of American adults, or 63 million, are either “unbanked” or “underbanked,” meaning they don’t have easy access to a financial institution to do things like cash checks or save money.

 

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