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"The U.S. Postal Service is getting back into financial services, something it hasn’t offered for 55 years. The new services will start off small. For a flat fee of $5.95, customers in Washington, D.C., Falls Church, Virginia, and the Bronx, New York, can cash payroll or business checks (up to $500) on to a debit card. If all goes well, the Postal Service says customers could eventually pay bills, deposit and withdraw cash, and send money to other post offices. The idea is to cater to the millions of Americans who don’t have access to a bank." |
