Why Do You Have A Brick & Mortar Bank?

L

Lon

Well-known Member
Location
Central California
I don't, and have used ON Line Banking Only for 27 years. I don't want or need the social engagement that many seem to enjoy by physically visiting their bank. Just keep my accounts accurate and up to date, keep any service costs fair and reasonable. I have never had a problem utilizing my on line bank, domestically or internationally for all of those 27 years.
 

Same here. But I do go into the bank to withdraw cash when I need more than a few hundred bucks. They do have a drive through teller as well. I use it when the weather is nice and the line isn't too long.
 
I'm an early bird so I'm always the first one in line. I do most everything online but once or twice a month I don't mind going to the bank...like I said in another post. They're really friendly and I actually like going there.

I like getting out and about...what's there to do at home besides clean and get online?
 

I don't think people go to a bank just for social interaction; I certainly don't. However, if someone wants to go inside to chat with the bank employees, it doesn't bother me.

I don't go inside a bank often, but when I do it's to access my safe deposit box, break a large bill into smaller denominations, cash out a savings bond - something like that.
 
CeeCee said:
I'm an early bird so I'm always the first one in line. I do most everything online but once or twice a month I don't mind going to the bank...like I said in another post. They're really friendly and I actually like going there.

I like getting out and about...what's there to do at home besides clean and get online?
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Cleaning some more >>sigh<<

I am so hopeful that my upcoming back surgery results in me getting out and about more. I miss it! Can't rush it. I'm going to force myself to take it relatively easy for 3 to 6 months, so everything heals well and right, but I'll be chomping at the bit that whole time.
 
The main reason is that I worked in banks/financial services for over thirty years.

I manage my investments, by telephone, without using a brick and mortar location and I'm sure that they would be able to provide me with a checking account, debit card, etc...

I will still need access to cash, I enjoy using cash and IMO cash still makes a powerful statement that credit cards just can't match.
 
Cap'nSacto said:
Cleaning some more >>sigh<<

I am so hopeful that my upcoming back surgery results in me getting out and about more. I miss it! Can't rush it. I'm going to force myself to take it relatively easy for 3 to 6 months, so everything heals well and right, but I'll be chomping at the bit that whole time.
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Wishing you luck! I start physical therapy for my back and shoulder on oct. 17! I hope it helps. I havent had surgery but I refused the epidural my pain dr wanted to give me and this was an option to try.

Was waiting for approval from my insurance and I got it! :)
 
I have one with a safe deposit box and another with checking and savings account I go to get cash in hand when I want it, and I still use checks and pay my bills via regular mail. I don't go to any banks or stores for social engagement, just go in, do what I have to do and get out.
 
SeaBreeze said:
I have one with a safe deposit box and another with checking and savings account I go to get cash in hand when I want it, and I still use checks and pay my bills via regular mail. I don't go to any banks or stores for social engagement, just go in, do what I have to do and get out.
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I didn't mean I socialize at the bank, I just say "hi". :)

After the bank I go to Trader Joe's and another store and I park far away so I have to walk....it adds up and isn't as boring as walking in my neighborhood. I still do that but these are bonus steps.
 
CeeCee said:
Wishing you luck! I start physical therapy for my back and shoulder on oct. 17! I hope it helps. I havent had surgery but I refused the epidural my pain dr wanted to give me and this was an option to try.

Was waiting for approval from my insurance and I got it! :)
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Thanks, CeeCee. All my fingers are crossed. PT can be very beneficial if you get a good therapist, but I've only met one good one (in 7). IMO, PT has become a one-size-fits-all kind of thing as of late.

My advice would be to give it a week or so, but if you don't get any benefit from it, don't waste your time. But do the exercises at home that they tell you to do, so you can evaluate the treatment accurately.

Sorry to take the thread off-topic. Done now :)
 
The idea of going to the bank to socialize reminded of a very popular little FCU that I go to 4 or 5 times a year. At the beginning of every month they have what is known locally as danish day, it's a holdover from when people received their SS checks on the 3rd of each month. They still put out large trays of pastry and a big urn of coffee, it is a very, very big deal with the senior citizens that bank with them. I do my best to avoid danish day and curse under my breath when I forget.
 
Camper6 said:
My bank account was compromised to the tune of $1200. So I stopped doing banking online.

I do everything I need to do through the ATM machine which is open 24 hours a day and it's nearby.
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To protect my money, I put it in two different banks. The bank holding the bulk of my money automatically transfers my "live-on" money to the bank that I deal with online.

I plan to close the "online" account after I can get around better.
 
Lon said:
I don't, and have used ON Line Banking Only for 27 years. I don't want or need the social engagement that many seem to enjoy by physically visiting their bank. Just keep my accounts accurate and up to date, keep any service costs fair and reasonable. I have never had a problem utilizing my on line bank, domestically or internationally for all of those 27 years.
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A similar question might be asked about why we continue to have brick and mortar stores. Much of today's commerce can be easily conducted online, but there is still a need for personal interaction with purchases and transactions. I doubt that very many people go to the bank to socialize and be entertained. Besides, some people still like to carry some cash, instead of a bunch of plastic...and the alternative of using an ATM carries the risk of using one of those that has a "scanner" attached by some thief.
 
ATMs would be another subject. When they first became available I thought they were great. But now, although I use them sometimes, I feel uneasy if I'm alone. People watching while a machine spits out cash, sometimes hundreds of dollars. Often people sit in their car waiting to use the machine. And cars driving by knowing the person most likely is getting cash. hmmm.
 
Cap'nSacto said:
Same here. But I do go into the bank to withdraw cash when I need more than a few hundred bucks. They do have a drive through teller as well. I use it when the weather is nice and the line isn't too long.
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When you need that few hundred why not use ATM Debit? Cash is cash no mater whence it came.
 
CeeCee said:
I never use an ATM to get cash, heard too many horror stories.
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Always use one that's just outside the bank and near the door, or that's well in the open and visible to lots of shoppers and drivers.

My old bank's ATM was on the side of the bank, but it was also surrounded by hedges and had a fence on one side. There were 3 robbing incidences there while I lived in that area. I only lived there for 9 months.
 
Cap'nSacto said:
Always use one that's just outside the bank and near the door, or that's well in the open and visible to lots of shoppers and drivers.

My old bank's ATM was on the side of the bank, but it was also surrounded by hedges and had a fence on one side. There were 3 robbing incidences there while I lived in that area. I only lived there for 9 months.
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Yes, the one by my bank is safe too but if I go in one more door I'm in the bank and go to the teller to get cash. I'm not that busy that I can't spare a few minutes. :)

Anyway, there's no right or wrong way of getting cash....it's all about what you prefer.
 
Lon said:
When you need that few hundred why not use ATM Debit? Cash is cash no mater whence it came.
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A lot of stores here now have the cash back feature. If you buy groceries for instance and ask for cash back they will give it to you but only on debit not credit cards.

Really handy. I don't have to go to the ATM to get it and there's no extra charge. It's just a convenience.

Walmart I notice has the cash back feature.
 

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