Exactly one state has! https://en.wikipedia.org/wiki/Bank_of_North_Dakota
It's state-owned but functions as a typical retail bank that takes deposits, makes mortgages, business loans, etc.
It's state-owned but functions as a typical retail bank that takes deposits, makes mortgages, business loans, etc.
> Because of our unique structure as a state-owned bank, it is the Bank’s policy not to compete with the private sector for retail deposits. Therefore, convenience products such as debit cards, credit cards or online bill pay are not offered. BND has one location at 1200 Memorial Highway in Bismarck, North Dakota.
This is utterly reasonable. It's a public service, after all.
> and they do not provide online banking
I see an account login button on the top right. You have to open accounts in person. But again, utterly reasonable as an anti-fraud measure.