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The future of branches?
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For personal banking, I haven't set foot in a branch for years. However I work in a shop and have to pay in the cash takings - if all the bank branches close, how would shops do this? (I'm thinking of smaller shops with lower takings, not the ones who have security vans to collect it)0
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You assume that cash will continue to be an important way to make payments in the future. It will probably be for another 20-30 years but increasingly there won't be a need for cash any longer.
More importantly, the ability to take cash deposits doesn't warrant each of the banks to have a bricks and mortar presence. There are already machines that take cash, and there's no reason why you shouldn't have a finance mart with a cash machine that lets you deposit cash into your accounts with any of the banks. It will probably come at a charge, but then most banking transactions will be chargeable before long.0
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