Post Offices to Get Teller Machines
The Postal Service, which ended half a century of banking in 1966, will soon begin providing automated teller machines in post office lobbies.
Assistant Postmaster General Gordon C. Morison will explain the plan to a convention of community bankers this weekend, postal officials said. The program has been tested in Seattle since November, 1988.
The plan calls for local banks across the country to locate the cash-dispensing machines in post office lobbies. Banks will be selected by competitive bidding for the right to place their machines, officials said.
About 6 million people visit postal lobbies daily and the presence of banking machines there should provide a one-stop location to do business, postal officials anticipate.
However, they declined to speculate on the income that the program would generate for the Postal Service, saying it will take time for people to get used to having the banking machines available at post offices.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
