Tag Archive for: Postal banking

Postal banking – say what?
Last year, I read about an effort to bring basic banking services back to US post offices. There have been efforts in Canada in the last few years to re-introduce postal banking here as well.

Postal banking is not a new idea. According to Wikipedia, the Brits introduced the first postal bank in 1861. That article listed postal banks in 31 countries around the world. While some of those services are not running anymore, many are still serving their communities.