USPS testing paycheck cashing, which could transform how millions access money and pay bills

The Washington Post via Yahoo Finance ^ | October 4, 2021 | Jacob Bogage

[Ikeon]

The post office can't walk and chew bubblegum, now they want to add a stack of gift cards to the mix? What could go wrong?? 🤡.

the next headline will be the USPS reports they lost over 160 million US Dollars in 2022 and are investigating.

[VanShuyten]

“… the Postal Service’s precarious financial condition…”

What’s the USPS cut for check cashing? It had better be pretty high if it’s going to positively affect their “precarious financial condition “.

Or is it a free service?

[Vaduz]

So they want to take over credit card services??.

[minnesota_bound]

FTA: .... with outsized fees and interest rates.

I hope they go into the credit card business!
20% - 30% interest when the banks get nearly free interest money and give barely any for your accounts.

[damper99]

Trading a paper check for a plastic card. They won’t have cash on hand do do otherwise. The last time I tried to “cash” a USPS money order at the post office they were unable to since the clerk’s money drawer was limited to $100 and the money order was for several hundred.