- United States
- Nev.
- Letter
Postal banking systems have provided a safe and accessible way for individuals without access to traditional banking services to save and manage their finances. Reinstating a postal banking system in our country would promote financial inclusion and offer affordable banking options, especially for rural and low-income communities. Many nations have successfully operated postal savings and banking programs through their postal networks, reaching underserved populations. By leveraging the extensive infrastructure of post offices across the country, we can offer basic financial services like savings accounts, small loans, and payment processing to those who are unbanked or underbanked. This initiative would not only enhance economic opportunity for marginalized groups but also bolster the financial sustainability of our postal service. Revenues from banking operations could help subsidize the vital mail delivery services that communities rely on. Furthermore, postal banking would provide competition and consumer choice in the financial sector. I urge you to introduce legislation to reestablish a postal banking system in our country. This common-sense solution has the potential to uplift countless citizens, bridge financial divides, and reinvigorate a beloved national institution. The widespread postal network is well-positioned to offer trusted, affordable banking options to all. We must seize this opportunity to expand access to basic financial services as a public good.
