Long before payroll cards or prepaid debit, there was the U.S. postal system.

Beginning in 1910, and lasting more than five decades under the authorization of Congress, U.S. post offices offered savings accounts, targeting those who today would be referred to as the unbanked. The government hoped this option would be seen as an attractive alternative to cookie jars and mattresses, which so many people, distrustful of banks, favored at the time¬óparticularly immigrants and the working class.

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