Here is CUPW's fact sheet on Postal Banking “A Bank for Everyone”
Fun fact!
"our post office used to have a national savings bank – up until 1969 – and there is no reason we shouldn't have one today”
Some other reasons:
"Banks are failing to meet the needs of a growing number of Canadians. Thousands of towns and villages across our country do not have a bank. But many of them have a post office that could provide access to financial and banking services.”
"Postal banking is lucrative!
New Zealand: Kiwibank generated 81% of New Zealand Post's after tax profits.”
"France: Banque Postale has an obligation to provide products and services to as many people as possible. It provides a Livret A or passbook savings account, at no charge, to anyone who requests it. It also provides banking services to the financially vulnerable and financing for social housing, voluntary organizations and microentrepreneurs lacking bank credit.”
"Canada Post's secret postal banking study
Canada Post conducted a secret four-year study on postal banking that indicates that adding this service "would be a win-win strategy" for the corporation. This study was obtained though an Access to Information (ATI) request. Unfortunately, 701 of the study's 811 pages were redacted. CUPW has asked Canada Post's President to release the full report, but he has refused.”
#CanadaPost #UPW #Strike #Union #Solidarity
https://www.cupw.ca/en/campaign/resources/postal-banking-–-bank-everyone-fact-sheet