Bog Banking

Rob5342

JuicyJesus said:

TheBanker said:

For Barclays in particular, their new partnership with Tesco might prove interesting. Tesco have premises up and down the land, many of which have surplus space where cafes used to be etc. If I was Barclays I would be speaking to Tesco about using some of that space for the 'pop up' branches instead of having them in random car parks etc. Almost going back to the days when Abbey National (I think) had branches in Safeway stores. 

You can make the branches as convenient as you like, but people don't want to use them because virtually anything is going to be more convenient than having to go to a specific physical location to do something.

That's the thing isn't it. I know a few people that says it's a shame that the branches near us have closed down because they remember opening their account there etc. None of them had been their for years and did everything online.

It's amazing that there are so many still open really, it's hard to imagine what anyone would want to go to one for these days. I started banking online with Lloyds 25 years ago and I haven't been into a branch since, and even before that I'd do most things by post or telephone, and check my balance on a standalone cash machine. 

xylophone

It's amazing that there are so many still open really, it's hard to imagine what anyone would want to go to one for these days.

Well......

https://forums.moneysavingexpert.com/discussion/comment/80679398/#Comment_80679398

Hoenir

TheBanker said:

km1500 said:

I would also add that if customers want branches they should prepare to pay for their current accounts

Personally, I am slightly more concerned about the loss of free to use ATMs than bank branches. There is still a need for cash, all be it reduced. The small market town where I live had three high street banks when I moved here six years ago. Each bank had two ATMs, and the Co-op shop had an ATM so we had seven to choose from. Now there's just the Co-op left, so if it breaks down we have to either travel to get hold of cash, or use the Post Office (which is no good if it's evening or after lunch time on a Saturday). 

Cheques were invented so that people wouldn't need to carry around large amounts of cash.  Cash years back always seemed to be used by those that wanted to leave no audit trail. 

Shakin_Steve

Hoenir said:

TheBanker said:

km1500 said:

I would also add that if customers want branches they should prepare to pay for their current accounts

Personally, I am slightly more concerned about the loss of free to use ATMs than bank branches. There is still a need for cash, all be it reduced. The small market town where I live had three high street banks when I moved here six years ago. Each bank had two ATMs, and the Co-op shop had an ATM so we had seven to choose from. Now there's just the Co-op left, so if it breaks down we have to either travel to get hold of cash, or use the Post Office (which is no good if it's evening or after lunch time on a Saturday). 

Cheques were invented so that people wouldn't need to carry around large amounts of cash.  Cash years back always seemed to be used by those that wanted to leave no audit trail. 

Cash, years back, was how people received their wages in a brown envelope after queuing at the wages office.