Boro Boy wrote: ↑Sat Jan 26 2019 9:56pm
Chadwick wrote: ↑Sat Jan 26 2019 8:23pm
All those people used to go to their local branch, but it is shut now.
Yours is the one that has stayed open to serve the region.
Not so sure... Besides we are all missing the point - whether its a bank or a shop its the more complex items where a face to face relationship is the best way of solving issues, this is what it sounds we are going to loose. As for the banks; as they strive for evermore profit everyone seems to be falling for their marketing and accepting the situation just making it easy for them for them to close evermore branches, used or not!
Yes, there is still a need for a face-to-face relationship for some transactions, but the vast majority of day-to-day transactions can be done remotely. For example, I can pay my own cheques in by taking a photo on my phone. For me, that the last remaining reason for going into a branch.
So there are still a few times when a few people need to visit a branch. But not enough to warrant having branches in every town. So they consolidate and a larger branch remains in place to serve a larger region. Yes, you might lose the ability to do your business in your local high street, but you have gained the ability to do most of your banking whenever you want from your own living room.
I don't agree that we are falling for a marketing con trick. Internet banking, or mobile banking, is much easier and doesn't entail a trip into town. I can do it over a cup of tea during the adverts on Love Island.