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? asked in Business & FinancePersonal Finance · 3 months ago

Why are so many banks closing ?

So what happens if you had your card lost or stolen? How do you withdraw cash if so many bank branches are closed permanently? The other week I dropped my wallet and couldn’t find it (my fault) but froze my account so no one accesses it but i needed money for the next week but my new card won’t arrive for another 5-7 working days. But all the branches are shut for good. 

How am supposed to access my money? 

My phone doesn’t print money.

5 Answers

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  • Anonymous
    3 months ago

    Online banks are killing brick and mortar right now. 

  • Tavy
    Lv 7
    3 months ago

    The main branch in a city is open. You may need to travel.

  • Elaine M
    Lv 7
    3 months ago

    The branches may be shut but the major one in your city won't be. 

  • JJ
    Lv 5
    3 months ago

    Banks close in areas where foot traffic is low, or when staffing is not sufficient for all to remain open 

  • Anonymous
    3 months ago

    Many people use online banks & credit unions.  I almost never use cash either.  One time about 6 years ago I needed cash to get in to my nephews basketball game.

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