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drray23

(8,660 posts)

1. interestingly enough

Reply to Ken Burch (Original post)

Tue Jun 21, 2016, 09:29 PM

Jun 2016

There is something like that in France. La poste ( the equivalent of our usps ) has been offering banking services for decades. The advantage is that even in small rural town there is a post office where you can also bank.

no fees involved to open a checking account. no minimum or any other requirements, just be 18 yr old. If you are under 18 yr old you can have an account too if your parents give the authorisation.

Click here to purchase valentine hearts!

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Highlight:

Had an idea for a way to put "check cashing" shops out of business. Looking for feedback. [View all] Ken Burch Jun 2016 OP

interestingly enough drray23 Jun 2016 #1

The 'net says otherwise for fees and initial opening balance. Igel Jun 2016 #18

I like the idea of letting the Post Office offer some basic banking services. TDale313 Jun 2016 #2

yup TeamPooka Jun 2016 #25

Like Bernie's Post Office proposal. Schema Thing Jun 2016 #3

YES YES YES SoLeftIAmRight Jun 2016 #13

Yes, bring back our postal savings system. TransitJohn Jun 2016 #17

Wow.. I had no idea that there HAD been such a thing.. annabanana Jun 2016 #23

I like the direction. Cassiopeia Jun 2016 #4

Is this the along the lines of using Post Offices for banking services? villager Jun 2016 #5

It is a good idea. Another one is to use post offices as banks similar to your idea upaloopa Jun 2016 #6

That could also work. Ken Burch Jun 2016 #8

My brother is a Catholic priest. He was in charge of Catholic Charities years ago. upaloopa Jun 2016 #9

Big business would nip your idea in the bud so fast. Laffy Kat Jun 2016 #7

The Post Office used to offer banking services. rickford66 Jun 2016 #10

Will fingerprinting still be required to open an account? FrodosPet Jun 2016 #12

I think many people will if it allows them to set one up yeoman6987 Jun 2016 #16

Britain has this. Hoppy Jun 2016 #11

Many of the people I know Sgent Jun 2016 #14

Good point. 840high Jun 2016 #15

So, sort of a public option? Iggo Jun 2016 #19

Yes. That's one way of putting it. Ken Burch Jun 2016 #21

Check cashing at walmart is $3. People aren't getting payday loans DesMoinesDem Jun 2016 #20

That's WalMart. There are lots of places in the cities Ken Burch Jun 2016 #22

You don't even need the Feds- you could establish a community credit union that does that Lee-Lee Jun 2016 #24