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