JPMorgan Chase held talks with U.S. Postal Service about installing ATMs in post offices

JPMorgan Chase, the biggest U.S. bank by assets, has held talks with the U.S. Postal Service about placing ATMs in post office branches.

“We had very preliminary conversations with the U.S. Postal Service several months ago about what it might look like to lease a small number of spaces to place ATMs to better serve some historically underserved communities,” said Trish Wexler, a spokeswoman for the bank.

She added that the talks were “very preliminary” and “there is no agreement in place and no imminent plans to move forward.”

The news comes amid sudden scrutiny of the USPS, which manages more than 31,000 post office locations. Postmaster General Louis DeJoy will testify later this week about his overhaul of the government agency. Lawmakers have cited concerns that cost-cutting moves made by DeJoy, a major donor to Republicans and committees supporting President Donald Trump’s reelection, could impact the November election, where many citizens are expected to cast their ballots by mail.


Notify of
Inline Feedbacks
View all comments