Two years after the failed launch of a lending program, Canada Post is making another foray into banking services.
The postal service confirmed Friday that it will be offering a chequing and savings account in partnership with Koho Financial Inc.
The accounts will be launched nationally next year, though Canada Post employees will be offered early access as the product is tested.
Canada Post spokeswoman Lisa Liu said in a statement that there are gaps in the banking and savings products available that the Crown corporation looks to fill.
“Canada Post is uniquely positioned to fill some of these demands. Many of our existing financial products help meet the needs of new Canadians and those living in rural, remote and Indigenous communities, but we believe more is required.”…