Why Banking during the Post Office might be a Better Option Than Payday Loans — and Wall Street

Nyc postoffice. Photo by John Donges.

The U.S. postoffice on Martin Luther King, Jr. Blvd. is a bastion on its Harlem block. Entrenched beside a pawnshop, a cash-for-gold business, and a commercial bank numerous when you look at the neighbor hood are not able to make use of, the center is actually a fortress. That includes hefty stone walls, metal displays, vaults, ATMs, and armored vehicles, the premises evoke one word: safety. They also suggest a second word: Bank if you’ve followed recent news.

Post workplaces are made like banking institutions.

And that’s just one single reasons why banking that is postal a hot concept in financial policy debates, is viable. Read more