Financial Inclusion for Everyone

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  • What services would a postal bank provide?


    Postal banking could include:

    • Savings and chequing accounts
    • Bank machines, online banking
    • Credit cards, debit cards, prepaid cards
    • Money transfers, including remittances
    • Insurance (home, auto, travel, etc.)
    • Loans and mortgages, lines of credit, emergency financing
    • Financing for social housing, NGOs, renewable energy initiatives
    • Investment products (RRSPs, mutual funds, annuities)
    • Foreign currency exchange
    • Other services such as financial counselling
  • What does Canada Post have to do with banking?


    Postal banking is not a new or radical idea. Postal banks already exist in many parts of the world, and existed in Canada until 1968. Today, one billion people have accounts at postal banks. It makes sense, because we already have a presence in communities and a mandate to serve people. So, we’re able to offer reliable, affordable services.

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