Experts have warned that the significant decrease in bank branch numbers could have far-reaching effects on those who depend ...

As digital transformation continues to accelerate in the banking industry, Bank of America has taken a new step into that future, closing several branches during the first week of March 2025.

Indeed, a 2024 study by the credit-building platform Self Financial found that physical bank branches in America have been closing at an average rate of around 1,650 a year since 2018. If the ...