They will never go away, they will be downsized for sure. There will always be someone who needs a person to help them and there will always be someone (for now) to be able to hand physical money in large sums to someone, you can only get sooooo much money out of an ATM.I can assure you that the "bricks & sticks" banks are going away...quickly. Between the virus and businesses realizing that they don't need a physical location, etc., the banking model is changing. Besides, when you have to pay the overhead of commercial leases, on-site staff, etc., the physical banks can't compete with rates. I know...I used to work in banking for several years!
I challenge you to compare rates of return to your bank -vs any of the online banks, i.e., Discover, Chime, etc., etc.
Ed
I agree with the rate of return online, however as I posted, the best bank is a credit union with no fine print or "catch" that I posted above.
Discover has competitive savings rates compared to Alliant Credit Union but Discover does not offer interest on checking account like Alliant does and sooo the "catch"