The Postal Service Has Provided Financial Services to Just 6 Customers Through Its Banking Pilot ($35.70 in fees)
"USPS launched its limited foray into banking last fall at four post offices and with little fanfare. It allowed customers at those locations to use “business checks”—that is, checks with a business’ name printed on the check and made out to the individual—to pay for Visa gift cards of up to $500. The six sales using checks between September 13 and January 12 have brought in just $35.70 in fees to the Postal Service, the agency said in a filing with its regulator on Friday, and provided a total value of $548.46 in gift cards."