Are you looking for postal insurance services in Bronx, New York? Look no further! The United States Postal Service (USPS) has recently begun offering a range of financial services in four cities, including check cashing, bill payment, access to cash machines, improved money orders, and bank transfers. This pilot program is a collaboration between the USPS and the U. S. Postal Workers Union and is a possible first step towards postal banking.
Postal banking has been a long-standing desire of progressive politicians and advocates, but attempts to push it through Congress have had little success. An act of Congress would be required to reestablish postal banking beyond the limited services that the USPS is beginning to test. However, this pilot program could serve as a proof of concept. Mark Dimondstein, president of the United States Postal Workers Union, said that the test was a small step in a very positive direction.
Many people don't have easy access to banks, but most can find a post office. According to a study published in May by the University of Michigan, census tracts with post offices representing 60 million people do not have community bank branches. The lack of access, the costs associated with banking, and distrust in the banking system have also discouraged some people from using banks, leaving them completely out of the system. About 8.4 million households (6.5 percent of households in the U.
S.) are underbanked, meaning they have checking or savings accounts but also use financial products and services outside the banking system such as payday lenders. With 1 in 4 American households having no access to banking services or insufficient banking services, postal banking advocates see an enormous opportunity for the USPS to provide access to an essential financial system while strengthening their own economic position. However, there are critics and skeptics who point out that the USPS has provided nothing more than a few simple financial services in nearly 55 years. Paul Merski, vice president of congressional relations and strategy for Independent Community Bankers of America, a small bank trade group, emphasized this point. Some fear that Postmaster General Louis DeJoy will not fully support the pilot program and could undermine efforts to expand it even further. Many Postal Service advocates have expressed their lack of faith in DeJoy due to his close ties to former President Donald Trump and the Republican donor class as well as his efforts to make the Postal Service more business-oriented. Porter McConnell, co-founder of the Save the Post Office Coalition, disagreed with the small size of the pilot program and with the decision to test it only in major urban areas rather than in rural communities that most lack such services. Democrats in both the Senate and House of Representatives including progressives have recently promoted legislation that would reinstate postal banking.
Larger pilot programs have also been included in recent appropriation bills. At 558 GRAND CONCOURSE BRONX, NY 10451-9998 you can buy stamps, send mail and more! The USPS accepts credit cards and is open on Mondays, Tuesdays, Wednesdays, Thursdays, Fridays and Saturdays. If you're looking for an honest assessment of customer service at this location then send an undercover boss or someone from top management posing as a customer and you'll see the lack of professionalism first hand. From what I've seen they show up late to meet you; they will continue to be rude and disrespectful; they will continue to misplace packages; they will waste an entire day because of a package that is confirmed delivery but not delivered; they will be extremely rude when asked for something as simple as a pen. I feel sorry for all of us who are forced to continue dealing with this post office because Karma comes back around! All other trademarks contained in this document are the property of their respective owners. As an expert on financial services I can tell you that these days they are more complex than ever before so you should not hesitate when it comes to using post offices for financial services. The USPS's recent pilot program is an important first step towards providing access to essential financial services for those who need it most. It is also an opportunity for them to strengthen their own economic position while providing much needed assistance to those who are underserved by traditional banks. However, there are still many skeptics who point out that this program is too small and limited in scope.
It remains to be seen if Postmaster General Louis DeJoy will fully support this program or if he will attempt to undermine its progress. At 558 GRAND CONCOURSE BRONX, NY 10451-9998 you can buy stamps, send mail and more! The USPS accepts credit cards and is open on Mondays, Tuesdays, Wednesdays, Thursdays, Fridays and Saturdays.