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Message Subject Just got email from Bank of America - one I use just closed. What's happening with your bank?
Poster Handle Anonymous Coward
Post Content
Considering many banks have a branch on every corner. Not surprised. There was a day it was difficult to go to the local branch and not wait in line for 20 minutes, ordinary folk do not use cash nearly as much as they use too, payroll is electronic deposit now so the local branches are simply not necessary and expensive to staff or build.

Still some local business that have daily cash deposits but since the shutdown, not many of those either. Banks need an enormous volume of customers to make money, same with depositors, with each dropping in number it makes sense that they are closing and consolidating branches to lower expenses
 
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