... or possibly have kiosks set up in major stores with one rep who can assist with face-to-face banking needs. That way they don't have all the expense of a stand-alone bank. The bank has greatly reduced costs, and the store gets a bit of foot traffic that might end up purchasing something they need while there.
I love our credit union but they don’t have safe deposit boxes so I’m stuck having to use a bank too.
Not here. In our most populous regional city (10,000 residents), the buildings are big shells, but still are honored structures. I'm not sure who or what else could afford to acquire and maintain them, or what use they'd be turned to.
Could be.
you think that they wouldn't close every bank in your town.. but they do..it's unbelievable but it's true. There are many , many towns now in the Uk where they don't have a single branch of any bank!
You see , you think that... as we did , living in semi rural areas and small towns and tiny hamlets..... that they couldn't possibly take our banks away.... we were very wrong. In fact they took them away from the rural areas and small town faster than anywhere else..
No they don't.... if the states go the same way as the UK... they don't replace the banks with anything at all...it's all online...and for the moment... bricks and mortar banks are only in large town and cities, but even then they're being quietly closed as well
I know the owner of the bank I posted about personally. I'm not trying to leave the impression that I mix and mingle with bank owners, or the upper crust of society (I don't) or that he is my best bud (he isn't) but he is a member of my church and we do ocasionally have conversations. After the holidays, I will make a point of bringing this issue to his attention and getting a feel for his long-term plans regarding the two branches.
Actually Mack, some of the things you mentioned can be handled by not going to the bank. You can open or close online bank accounts, you can withdraw up to $50,000 per transaction, and some banks allow POD funds to be paid without going to the bank branch. You just have to mail in a certified copy of the death certificate, and anything else they request, or just docu-sign them, and they can transfer funds to wherever you choose. However, it should be noted that each bank sets it's own rules, so it's not universal. There are also mobile notaries that can come to your house if signature needs to be verified.
Yes, everything will go away, me included.
I recently got an email from my bank that I haven't really looked at yet but they made it sound like I could possibly use online stuff to move money around without having to go to the branch or have to have paperwork mailed out. Then if I wanted I might be able to transfer funds to savings or vice versa. I never go into my branch because it's still back home. And I have no car so.
I can look at my accounts online and move money from one account to another. Otherwise, I go to the bank in person for all the reasons given in a previous post I made, and I do not see that changing in the foreseeable future. If it does, I will deal with that when it happens.
oh we in the Uk have been banking like that for many years, we can shift money from anywhere to anywhere without visiting a bricks and mortar building.. all from the comfort of our armchairs.. Apparently our banking system is the best in the world... except for having few literal banks
I think the US is slower to these new fangled ideas but not sure why. Maybe it has more to do with how many people are using services and stuff.
that's true but the govt doesn't give a stuff.. they say people should learn ..or suffer the consequences....
we still have people here who don't have cell phones. just land lines. and a lot the ones that do have cell phones don't know how to do anything except answer them and hang up.
Your report is shocking but I have seen many abandoned bank branches and some renovated to new uses. It seemed to be a part of urban blight and flight, except that very few bank branches have been built.
we can't that's the whole point, eventually they wear you down so that we utlimately will only bank online. I do a lot of banking online as it is, but I really resent the fact that thi i all to do with going cashless... ..ultimately there will be no physical banks at all , and when they do that, there will be no cash and that when the government rules your life!...You do what you're told or the govt blocks your access to digital money...So how far will you have to travel when the one 30 miles away is closed?
I do more online than I ever have. I'd rather keep more money on hand than in the bank but it's not feasible with me doing so much online. I'd rather spend less time online, much less, but it's not feasible, at least at this time. I don't know if it ever will be. I don't see how our society/culture will be able to use more cash money.
I've served on directors' boards of three co-ops. Two were superbly member-oriented, service-oriented, and savvy.
that and the fact that some special needs folks can do certain things in the world for themselves but, what happens when something changes and they can't manage to take care of themselves without help? they just supposed to go without or hope that someone is kind enough to assist them?
I think you are probably right about that, but I think it will take considerable time to become a cashless society. I will admit I know very little about England's monetary system or government, but I think it would still be a challenge to accomplish before we are gone.
