A study of banks and payday lending companies in Canada shows a need for a postal bank exists, especially in areas where post offices abound and there are few banks. The paper, presented at the 22nd Rutgers University Conference on Postal and Delivery Economics, argues that restoring postal banking in the 21st century would help support post offices while offering much-needed financial services and jobs. Canadians currently pay some of the highest banking fees in the world, generating massive profits for the major banks, which reported profits of $ 29.4 Billion last year. Payday lenders provide services such as loans and cheque cashing to lower-income residents, but at predatory rates. Canada once had successful postal banks, which are a fixture in other parts of the world such as Italy, France, Switzerland and New Zealand.