July 29, 2016 – The Postal Service currently provides certain financial services appropriate to our existing infrastructure including money orders, electronic funds transfers and U.S. Treasury check cashing to meet customers’ needs. The Postal Service’s mission is to provide the American public with trusted, affordable, universal mail service. Our core function is delivery, not banking.
To the extent our research concludes that we can legally provide additional services at a profit and without distracting from our core business, we would consider these. However, public policy and regulatory discussions must be addressed before the Postal Service invests in an area outside our core function.