Good Lifestyle

You do not realize how useful your local bank branch is until it is no longer an option. The convenience of a 24 -hour automatic counter or a trusted cashier is difficult to replace. But in recent times, banks in the United States have closed their Brick and mortar locations , leaning on continuous change to online banking services. Two of the largest entities, Wells Fargo and Bank of America, are not foreigners to branch closures, and now their closed locations are increasing.

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According to January 27 weekly bulletin From the US office of the currency controller (OCC), Bank of America closed a total of nine locations last month. Five branches were closed in California, South Lake Tahoe, Palm Desert, Culver City, Mission Viejo and Sherman Oaks, according to the Bulletin. Two locations also closed in Las Vegas - in Caesars Palace and New York -New York Hotel & Casino Round Forum stores - and individual branches closed in Kennesaw, Georgia, and Reno, Nevada. AE0FCC31AE342FD3A1346EBB1F342FCB

In a declaration at Daily mail , a spokesperson for Bank of America addressed the closures.

"What we see in the industry is that our customers use the digital bank for more of their daily needs," they said at the point of sale. "They only come to our financial centers when they want to have a conversation about their finances or something that is a little more complex."

Better life Contacted Bank of America to comment and update history when we hear.

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However, Bank of America is not the only one to close the branches, because Wells Fargo also closed several locations last month.

According to the January 27 Bulletin, Wells Fargo closed a dozen sites on January 24. Three branches in California have closed definitively, including locations in San Francisco, Redwood City and Torrance. Florida lost four branches on the same day in Hallandale, Plantation, Lakeland and Naples. And three locations closed in Texas, Hurst, Austin and San Antonio.

The individual branches of Wells Fargo also closed in Pennsylvania and Virginia - in Harrisburg and Williamsburg, respectively. Wells Fargo informed the WC of these closings in October 2023.

"The branches continue to play an important role in the way we serve our customers in combination with our channels and automatic counters online and mobile", " Amy Admirault , vice-president of communications from the Bank of Small and Business for Wells Fargo, said Better life in a report. "As customer preferences and transaction models are changing, our branches as important to our customers and the communities we serve."

Amirault added that Wells Fargo offers different ways of banking, including branches in person, as well as by mail, telephone, online or via the mobile application of the bank.

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Wondering if there are more closures on the file? If you are a TD bank client, you may want to prepare to find a new branch to frequent. According to the January 27 bulletin, the bank plans to close nine branches in April.

TD informed the OCG on January 25, giving them a 90 -day window to close the branches. Florida will lose two locations in Longwood and Deerfield, and South Carolina will also lose a Rock Hill and Maudlin pair. A branch also firm in Fairfax Virginia, as well as Washington, D.C.; Bethesda, Maryland; Roseland, New Jersey; And Westtown Township, Pennsylvania.

In a declaration at Better life , a TD spokesman said that the bank "constantly evolves from its activities" to better meet needs and expectations and "allow long-term growth".

"As part of this strategy, the bank regularly assesses its network of physical stores and is looking for opportunities to better align our store of stores to best serve our customers thanks to an optimal combination of TD banks and banking products and services digital ", the spokesperson continued. "Consequently, we have made the decision to close nine locations in our American footprint on April 26. We agree to make this transition as fluid as possible for our customers and colleagues affected and we are delighted to continue to provide a legendary service via Whatever the channel our customers choose. "