The U.S. Postal Service has launched a pilot program to offer some banking services in four cities. Customers in Washington, D.C.; Falls Church, Virginia; Baltimore, Maryland; and the Bronx in New York City can now cash paychecks and other types of checks up to $500 for a fee that’s much lower than private cashing companies. The service, if expanded, could provide a government-run, more accessible option to the 14 million U.S. residents who are underbanked or unbanked.
USPS Now Offers Check Cashing in Four Locations, Could Lead to Expansion of Postal Banking Services
HeadlineOct 06, 2021
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