[Openurmind]

“Just talked to a family member in banking in sioux falls.

Major change in banks from covid. walk in transactions are down 45%. So no need for bank buildings anymore. Processing is off site. Trend is to lease new sites in strip malls and sell the buildings.”

Yep, absolutely. I don’t bank with them, but Chase bank still never hired back the needed staff they laid off during covid for full service at their branches. Still have to make appointments to see a banker and wait 1-2 weeks to do anything other than counter teller business.

They are all going to shut down and force everyone to do digital business. Even physical check deposits can now be digitally imaged and sent as a digital deposit. Banks are going to close all the walk in and force everyone to use their phones and computers for everything.

[PeterPrinciple]

They are all going to shut down and force everyone to do digital business.

---

Maybe but then some will provide personal service and grow. There are large banks but there are also still some smaller local banks. I should say regional, rather than local.

[MAGAthon]

there is no concern whatsoever for people unnable to travel distances to find a branch:

19 Oct 2022: ABC Australia: Australian banks close hundreds of branches and ATMs as services move online
More than 1,600 bank branches closed nationally in the past six years, new data shows, with 309 branches axed in the last financial year alone.
Between 2017 and 2022, the number of bank branches nationally dropped almost 30 per cent...
This years’ branch closures represent a 7 per cent decline in the number of branch-level banking services across the country in one year...
More than 1,345 ATMs were also shuttered nationally last year, with 402 closed in NSW, 259 in Queensland, and 362 closed in Victoria — a 17 per cent decline in one year...

no concern whatsoever for rural folk wanting cash, or not wanting to transact banking digitally:

26 Oct: Stock Journal Australia: Bank Branch Closures Hit Rural Communities

it’s happening in Australia, UK and no doubt everywhere else.

you will have no physical banks, and you will be happy.

[joesbucks]

I seldom deal with a bank. Most of my transactions are electronic. Once in a blue moon I have a cash deposit. Any checks I receive, I deposit through a photo app with my bank.