May 26, 2015

Should the USPS Expand Postal Banking Services?

Author: Judy Wolf

Should the USPS Expand Postal Banking Services?

While the USPS is best known for delivering the mail, it's also the number one seller of the most widely used type of alternative financial service in the United States: the Postal Service sold 97 million money orders with a face value of $21 billion in fiscal year 2014.

The Postal Service also offers international money transfers, prepaid gift cards, and limited check cashing.

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