More Big Banks Are Closing Branches. Is This the Future of Banking?
Chase, Wells Fargo and other large banks have announced they will be closing more branches soon. This has been happening for a while and won’t end soon. As the cost-cutting shutdowns continue, many Americans will find themselves having to travel further to interact with their financial institutions.
What are the alternatives? Banking electronically is an easy suggestion, but the system still has flaws. Is the current banking system secure? What happens if, like many customers, your bank account is frozen? Swiss America CEO Dean Heskin and Chris Agelastos break down what’s happening, what you can do if your banking location is squeezed out, ways to keep access to your money and how it is all a part of the Secret War on Cash
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