January 19, 2017

Postal Banks Would Pay Off For Canadians Fed Up With Being Gouged

Postal Banking Canadian Union of Postal Workers

In Canada many rural and remote areas lack bank branches. Many are forced to turn to payday lenders that charge exorbitant fees, and the major banks themselves gouge us every day, forcing us to pay some of the highest fees in the world at ATMs and elsewhere. There's no reason for the big banks to be overcharging us this much for their services; collectively, they raked in profits of $35 billion in 2015. Postal banking isn't there to enrich greedy bankers or predatory lenders.

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