There aren’t enough banks because of the color of people’s skin!!!
MOASS soon
They’ve been closing quite a few local branches and Wells has even apparently started closing some ATM machines? It may be that they went to hi totally online with just a few places you can make a withdrawal !?
BOA is a bigoted, anti-white financial institution. I hope they are forced to close all their branches
Bank of America: 3900 branches, 16,000 ATMs
Wells Fargo: 8050 branches, 13,000 ATMs
Chase: 4700 branches, 16,000 ATMs
I don’t think any of these banks are going anywhere.
Thirty years ago, I went to the bank weekly. I went there so often, I had my favorite tellers and they knew me by name.
These days, I go inside a Wells Fargo branch maybe once a year if I need a money order, if even that frequently.
Everything is electronic. My paychecks are deposited electronically. If I receive a personal check, I can deposit it through the WF app on my iPhone. If I need cash, I can get cash back at the grocery store on my purchase without paying a fee. And I rarely use cash.
Branch banks are becoming obsolete. They certainly don't need as many as they've got.
I am not surprised that bank profits are very high.
Many banks are still paying their depositors 0.02% interest on their check and savings accounts and lending it out at 5 or 6% interest.
Who goes to a brick and mortar bank?
Everything is online and if you need cash, jut go to an ATM. Never a need to go into a building with humans working inside.
“...major US banks including Wells Fargo and JPMorgan Chase reported their third quarter earnings. Increased revenue thanks to higher interest rates...”
These banks charge a least 8% interest on loans and then offer 0.0001 interest on customer savings accounts. Huge ripoff.
Loan sharks and racketeers are more honest than Wells Fargo and BOA. /spit
If I get a check I can cash it in an ATM or with my phone. I can transfer money between accounts, open accounts without ever going into a bank and got a car loan from the credit union I would have gone to otherwise from the car dealer.
My local bank had a great deal for interest on savings, but you had to be in an area without one of their branches. If you had a branch nearby you still got the 0.1% rate.
Bank branches are an expensive antique.
I’ve had bad experiences with both so on a personal level…good.
On a macro level…build back better huh
It could be certain areas of cities. Safety/security.
It could also be paving the way for cashless society. Not good.
Wells Fargo closed the nearest branch to me about 4 years ago. Then 2 years ago they closed the next nearest one to me. Now I need to drive 25 minutes to the nearest one. Used to be 5 minutes.
Only go once a month or so unless there’s something special I need to do. But there is ALWAYS a line and a wait.
Pretty sure that’s a feature of Brandonomics.
Pretty sure you’re right!
Bank of America has been putting full page ads on page 3 of our local newspaper for several weeks, at least. Each day is a different ad. It must be costing them a fortune. I don’t think people here are impressed with this type of expenditure; we tend to be concerned with overhead costs and big spending where we do business. JMHO
WELLS FARGO (15)
Phoenix, Arizona - 2745 West Carefree Highway
Douglasville, Georgia - 3298 Highway 5
Des Moines, Iowa - 4505 Douglas Avenue
Bosque Farms, New Mexico - 970 Bosque Farm Boulevard
Flourtown, Pennsylvania - 1886 Bethlehem Pike
Greshem, Oregon - 110 N.E. Roberts Avenue
Issaquah, Washington - 1527 Highlands Dr.
Dallas, Texas - 1420 West Mockingbird Lane
Reno, Nevada - 4045 South Virginia Street
Lincoln, Nevada - 2301 North 48th Street
Pinson, Alabama - 4394 Main Street
Santa Teresa, New Mexico - 1275 Country Club Road
Redwood City, California - 1071 El Camino Real
Miami Beach, Florida - 555 Washington Avenue
Bermuda Dunes, California - 42420 Washington Avenue
US BANK (9)
Eagan, Minnesota - 610 Opperman Drive
Louisville, Kentucky - 520 North 35th Street
Louisville, Kentucky - 4915 Dixie Highway
Ogden, Utah - 1485 Harrison Road
Clayton, Missouri - 10 N. Hanley
Yakima, Washington - 801 N 39th Ave
Chicago, Illinois - 310 North Pulaski Road
Bowling Green, Kentucky - 899 Laurel Avenue
Edwards, Colorado - 34353 Highway 6
JP MORGAN CHASE (3)
Butler, Wisconsin - 12701 West Hampton Avenue
Louisville, Kentucky - 3820 Brownsboro Road
Salt Lake City, Utah - 3430 South Redwood Road
I go to my credit union weekly as I have done for 25+ years. I have two businesses that need cash for change, etc. I’m not a customer, I’m a member. They also have financed my vehicles, my home renovation, and other things. The do everything a bank can, but I’m treated like king.
My WF branch closed in August.
Everything is numbers on a computer screen, but I still walk out of stores with physical objects. Shouldn’t a rational person consider this a bit weird?