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They will reduce in numbers but I don’t see a path where they all go away
I would have thought the same but I have seen the opposite. There's more banks around here than ever before. I guess people still like visiting banks. I haven't been to one in several years.
I would have thought the same but I have seen the opposite. There's more banks around here than ever before. I guess people still like visiting banks. I haven't been to one in several years.
Depends. If you’re landlording as I did for a few years, you go to the bank.
If there’s mortgage options I don’t know about, fill me in, but you go to the bank.
If you do much more than paying your credit card, you go to the bank.
Depends. If you’re landlording as I did for a few years, you go to the bank.
If there’s mortgage options I don’t know about, fill me in, but you go to the bank.
If you do much more than paying your credit card, you go to the bank.
You can deposit checks with a picture from your phone. I transfer money from my phone. My entire mortgage and all documentation was done through a portal to upload the documents and the signatures were all electronic.
You can deposit checks with a picture from your phone. I transfer money from my phone. My entire mortgage and all documentation was done through a portal to upload the documents and the signatures were all electronic.
Same here except that I don't transfer money from my phone. I do everything on-line with my laptop, including paying all my bills.
I've read that some banks are experimenting with cafe- type "branches" where you can sit and have coffee, use free Wi-Fi, etc. It's meant to provide a relaxed atmosphere where maybe you'll be more open to buying investment products or other "financial planning" services. I don't buy my investments from banks. Never have.
Comercial banking for small business have different needs than idividuals and are often best served by branches.
Banks are run by 'bankers' that see the business having a street presence not by analysts with priorities of online volume. Investments in retail stores will continue.
There are 6 Chase Bank locations within about 5 miles of my house. I visit the nearest one about once a year when I need something notarized or want a large amount of cash for a travel or to pay a tradesman who wants to avoid sales taxes. When I visit, I am amazed and the number of customers both in the branch and using the auto lane. I have no idea why so many people need to use the branch.
My branch can make a new debit card on the spot and also houses my safety deposit box. I also prefer to open new accounts in person and get have temp checks issued to start using right away.
My home address is a little wonky with a PO Box and the branch receives new credit cards for me to go in and pick them up.
I also see people swapping bags of change for paper money at the branch. I use tdbank.
They are building more branches in my neighborhood.
Seems weird to me as I have not been in any brick & mortar building for "banking" in over 8 years.
I do everything online.
And, I am an old fart of 71.
I think bank branches will be staying, but I do not know why. I make about 3-4 visits per year to one.
The bank branch I typically go to isn't that crowded.
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