Some Black People Are 'Underbanked' But Postal Banking Could Change Things
Source: VIEW press / Getty
A new pilot program at several U.S. Postal Service locations tests the potential for a new future of financial services. The program is limited to postal customers in select areas in Falls Church, Virginia; Baltimore, Maryland; Bronx, New York; and Washington, D.C.
NBC News reported that customers could cash payroll or government checks of $500 or less. Customers will also have ATM access, bill payment, and expanded money orders and wire transfers.... Read more