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Postal Savings
Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on the tot ...
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Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America
- ''Think'' interview with economist Lisa Servon
* No access to government-issued ID, which is required to open a bank account


The unbanked in the United States

The ''unbanked'' are described by the
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Österreichische Postsparkasse
Österreichische Postsparkasse (P.S.K.) was a postal savings bank in Austria. It was owned by the Austrian Post Office and thus by the government. It merged on 1 October 2005 with the BAWAG to form BAWAG P.S.K. History During the Austro-Hungarian Empire Österreichische Postsparkasse was founded by law in 1882. On 28 May, the parliamentary bill "...on the introduction of postal savings banks in kingdoms and countries represented by the Imperial Assembly" was passed in the Imperial Council (''Reichsrat''). The government bill was drawn up by Georg Coch, the founder and first director of the bank. The first headquarters of the "k.k. Postsparcassen-Amt" (Imperial-Royal Postal Savings Office) was opened on 12 January 1883 in the former Dominican Monastery building on Wollzeile street in the first Viennese district Innere Stadt. About 4,000 post office branches located throughout the Austro-Hungarian Empire began offering their postal savings service to customers. The idea b ...
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Postal Savings Bank Of China
Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31, 2017, PSBC has 39,798 branches covering all regions of China. PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 trillion in deposits and the second largest number of branches, after the Agricultural Bank of China. During the Global Financial Crisis, the government took several measures to spread its national economic stimulus plan specifically to rural areas. This included using microfinance services provided by the Postal Savings Bank as a tool for national development and poverty reduction. The bank with its extremely broad reach also assists China’s credit cooperatives in their microcredit schemes. On December 8, 2015, China Postal Savings ...
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People's Republic Of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ...
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China Post Office In Shanghai
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous cit ...
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Blacklock's Reporter
Blacklock's Reporter (founded October 2012) is an Ottawa-based Internet publication covering Canadian government administration. It publishes several articles each day, along with book reviews, poetry and guest commentaries. Six reporters, including Tom Korski, banded together to launch the news site. Its name is derived from a Montreal Gazette The ''Montreal Gazette'', formerly titled ''The Gazette'', is the only English-language daily newspaper published in Montreal, Quebec, Canada. Three other daily English-language newspapers shuttered at various times during the second half of th ... war correspondent, Thomas Hyland Blacklock, (died 1934) who had been head of the Canadian Parliamentary Press Gallery. In November, 2012, Blacklock's won a dispute with the Canadian Parliamentary Press Gallery to have its journalists accredited. References External links * @mindingottawa Twitter account Canadian news websites 2012 establishments in Ontario Canadian political webs ...
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Canada Post
Canada Post Corporation (french: Société canadienne des postes), trading as Canada Post (french: Postes Canada), is a Crown corporation that functions as the primary postal operator in Canada. Originally known as Royal Mail Canada (the operating name of the Post Office Department of the Canadian government founded in 1867, french: Poste Royale Canada), rebranding was done to the "Canada Post" name in the late 1960s, even though it had not yet been separated from the government. On October 16, 1981, the Canada Post Corporation Act came into effect. This abolished the Post Office Department and created the present-day Crown corporation which provides postal service. The act aimed to set a new direction for the postal service by ensuring the postal service's financial security and independence. Canada Post provided service to more than 16 million addresses and delivered nearly 8.4 billion items in 2016 and consolidated revenue from operations reached $7.88 billion. Delivery take ...
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Bulgarian Postbank
Postbank ( Bulgarian: Пощенска Банка, Poshtenska Banka), legally known as Eurobank Bulgaria AD (former legal name Eurobank EFG Bulgaria AD, date of change 11/1/2013), is a universal bank in Bulgaria. History Bulgarian Postbank was founded on April 2, 1991 as the postal savings system of Bulgarian Posts. In the years that followed, the bank experienced substantial growth and expansion. It is one of the few Bulgarian banks that managed to survive the banking crisis in Bulgaria in 1996–1997. On November 9, 1998, 78.23% of Postbank's capital was acquired by ALICO/CEH Balkan Holdings Ltd., a subsidiary of Eurobank Ergasias. In the following years, Eurobank Ergasias control grew to more than 90% of Postbank's equity capital. On December 21, 2006, Eurobank EFG acquired majority ownership of the Bulgarian DZI Bank, which was merged into Postbank in the third quarter of 2007 with the operational merger completing by the end of the year. On August 29, 2011, Eurobank E ...
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Bulgarian Posts
The Bulgarian Posts ( bg, Български пощи, lit=, translit=Balgarski poshti) are the national postal service of Bulgaria. The company was established in 1992. Although it was transformed into a joint-stock company in 1997, it is fully owned by the state. Its predecessor, the Bulgarian Posts and Telecommunications company, was founded as the Bulgarian Posts and Telegraphs after the Liberation of Bulgaria from Ottoman rule, as the provisional Russian administration handed over all post and telegraph offices to the newly restored Bulgarian state in 1879. It joined the General Postal Union in the same year. On March 31, 1997, "Bulgarian Posts" EOOD was transformed into a joint-stock company. In 2005, the company operated with 3,008 post offices and a total length of 80,060 km with the postal route. The company was a monopoly in the country in providing universal postal service until 2006. , Bulgarian Posts reported operating 2,981 post offices and 4,814 mailboxes. Se ...
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Bulgaria
Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. Bulgaria covers a territory of , and is the sixteenth-largest country in Europe. Sofia is the nation's capital and largest city; other major cities are Plovdiv, Varna and Burgas. One of the earliest societies in the lands of modern-day Bulgaria was the Neolithic Karanovo culture, which dates back to 6,500 BC. In the 6th to 3rd century BC the region was a battleground for ancient Thracians, Persians, Celts and Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, tribal invasions in the region resumed. Around the 6th century, these territories were settled by the early Slavs. The Bulgars, led by Asp ...
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Bank Of Brazil
Banco do Brasil S.A. ( en, Bank of Brazil) is a Brazilian financial services company headquartered in Brasília, Brazil. The oldest bank in Brazil, and among the oldest banks in continuous operation in the world, it was founded by John VI, King of Portugal, on Wednesday, 12 October 1808. It is the first largest banking institution in Brazil, as well as the first largest in Latin America, and the seventieth largest bank in the world. Banco do Brasil is controlled by the Brazilian government and is listed at the B3 stock exchange in São Paulo. It has been one of the four most profitable Brazilian banks since 2000 (along with Itaú Unibanco, Banco Bradesco and Banco Santander) and holds a strong leadership position in retail banking. History Banco do Brasil was founded in 1808 by then prince regent John (later King John VI of Portugal) to finance the kingdom's public debt when he moved from Europe to Brazil. "As a mixed institution under state control, the Banco do Brasi ...
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Banco Bradesco
Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution in Brazil, as well as the third largest in Latin America, and the seventy-ninth largest bank in the world. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange. Its primary financial services revolve around commercial banking, offering Internet Banking, insurance, pension plans, annuities, credit card services (including football club affinity cards for soccer fans) for customers, and savings bonds. The bank also provides personal and commercial loans, as well as leasing services. Bradesco is a pioneer in using the ATM biometric reading system in Brazil, which enables customers to be identified using the vascular pattern of their hands, serving as a complementary ...
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