Tue. May 21st, 2024

Postal Service Banking Limps On Despite Lackluster Results of Pilot Program

April 10, 2024

READ FULL ARTICLE AT » CUSO Magazine ®

The U.S. Postal Service’s check-cashing service that raised hackles in the banking community and among Republicans on Capitol Hill when it first was unveiled in September 2021 is quietly continuing—even though nobody is using it.

Starting that month, postal customers in four locations—Falls Church, Va.; Baltimore, Md.; the Bronx, N.Y.; and Washington D.C.—were able to cash payroll checks of up to $500 in exchange for gift cards.

Critics were outraged.

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