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    You might be wrong.Hamilton Nolan
    5/23/16 12:45pm

    I’m glad I use a bank that has literally zero branches. It makes me feel much more comfortable being involved in the whole thing.

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      OmgpleaseshutyourmouthYou might be wrong.
      5/23/16 4:13pm

      Do you believe all banks are evil? Or just the ones with branches? Why not keep your money under a mattress?

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      You might be wrong.Omgpleaseshutyourmouth
      5/23/16 4:36pm

      No, I don’t. Mine is fine! They don’t charge me money for storing my money or charge me money to have access to my money. Not having branches is what allows them to do this while maintaining profitability.

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    The ever-present football-player rapistHamilton Nolan
    5/23/16 12:08pm

    Why would you ever need to go to an actual bank?

    I’ve been banking online-only since 2007. All I need is access to ATMs, and since my bank reimburses all ATM fees, I can go wherever I choose.

    Why being unnecessary people and real estate into the mix?

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      You might be wrong.The ever-present football-player rapist
      5/23/16 12:41pm

      My bank doesn’t even have branches. It’s great.

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      XrdsAlumThe ever-present football-player rapist
      5/23/16 12:51pm

      I do online-only, too, at least for personal banking. But are been times when an actual bank branch can be helpful. If you travel you usually get the best foreign exchange rates at a bank where you have a deposit. If you need a safe deposit box a physical branch is required, and I doubt any of them offer the service without another account. And sometimes it’s just easier to deal face-to-face with a human when you lose a card or find an error.

      None of those things requires a branch on every block, of course.

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    CaliforlifeHamilton Nolan
    5/23/16 11:55am

    Lol. You do realize in your white life cocoon that there has not been a branch on every corner in black/brown neighborhoods since.. forever, right? You do see how dumb this article is and how it excludes a fact that *we have lived with for.....ever. Right?

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      earl by god morrallCaliforlife
      5/23/16 12:01pm

      good point. banks have been redlining forever. what is even more amazing to me is how the right wings nuts and other equally uninformed people think anti-redlining laws and CRA led to the economic meltdown. Yeah right, poor people who didn’t have any money and couldn’t get loans due to discrimination caused the meltdown when loans were finally made equally available to them to purchase small homes with relatively low loan amounts.

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      toothpetardCaliforlife
      5/23/16 12:06pm
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    icanneverremembermyburnercodeHamilton Nolan
    5/23/16 11:54am

    Thank fucking God. And I say this as a banker.

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      Demon!icanneverremembermyburnercode
      5/23/16 12:03pm

      Go fuck yourself. Plenty of us stopped being “bankers” when we realized we could help people.

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      Eugeneicanneverremembermyburnercode
      5/23/16 12:05pm

      What bank you work at? I work at BOA and we closed 75 percent of locations since the bush recession. Now we stop doing drive through to at all our locations. We have automated atms where u pick up the phone.

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    MizJenkinsHamilton Nolan
    5/23/16 11:53am

    Apparently no one told TD Bank because they appear to be putting a branch underneath every new high rise that goes up in NYC.

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      You might be wrong.MizJenkins
      5/23/16 12:39pm

      At least they’re Canadian, so they won’t just disappear when the whole system crashes again. There’s a reason TD and BMO and RBC are the ones that get prime locations now.

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      Silencio!You might be wrong.
      5/23/16 1:18pm

      Or they are ones stupid enough to pay the high rents required by new buildings. Because you know, when people think of the world’s greatest banks they are always thinking of the Royal Bank of Canada and Bank of Montreal.

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    Wayward ApologyHamilton Nolan
    5/23/16 12:14pm

    I got a letter a few weeks ago from Bank of America that they were closing my prefered banking location and I’m kind of miffed because that was the only BofA ATM within walking distance of my house and my employer insists on issuing paper checks instead of direct deposit for some reason.

    Smaller checks sure, mobile deposit but I don’t quite trust mobile deposit for my paycheck. Plus there are other nice things about having a local branch, instant replacement cards, taking out emergency cash, safety deposit boxes, etc.

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      MS_OHWayward Apology
      5/23/16 12:20pm

      NO DIRECT DEPOSIT?!? WTH?

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      asmallcatWayward Apology
      5/23/16 12:24pm

      You are unreasonably paranoid about mobile deposit for no reason. Use it. No one is gonna hack your phone and steal your money, and just don’t pitch the check till you see it show up in your account balance. Easy.

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    lobstrHamilton Nolan
    5/23/16 12:34pm

    This may be the case in New York, but, holy crap, every time a lot is cleared here in the DFW area, there’s a sign advertising another new freaking bank .. not just a branch of an existing one, but some stupid-ass named new bank... well, new to the area at least. I say stupid-assed because the newest one that I’ve noticed is called .... Happy State Bank.

    I was talking about this with a pal from Citibank (who recently just pulled their branches out of Texas) and he said that his theory is a lot of these upstart-sounding banks crop up out of nowhere purely with the intention of getting scooped up by and merging into a bigger bank. Then they just get the band back together to make another bank — over and over in a very elaborate hustle. That makes sense because I can’t imagine that there’s droves of people who have an existing, say, 10+year relationship with a more mainstream bank would go through the trouble of changing to some brand new unheard of bank — enough to warrant all these friggin’ new branches.

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      icanneverremembermyburnercodelobstr
      5/23/16 1:29pm

      Most of the bank mergers and buyouts happening right now are by community banks and other small to moderate size banks. The big boys are closing branches and or significantly slowing down the number of acquisitions they are making.

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    dogslikecheeseHamilton Nolan
    5/23/16 12:16pm

    One thing that is increasing: private banking. Now that the wage gap is increasing and more rich people have even more money, banks are capitalizing on that and offering all these perks to people with 6+ figures of cash lying around.

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      bourbon.p.millerHamilton Nolan
      5/23/16 12:36pm

      Shout out to all my USAA peeps who have never had an actual bank to go to (unless you live in San Antonio or Colorado Springs).

      Also shoutout to all my USAA peeps who god forbid ever need a roll of quarters and have to shoot a $20 through a car wash coin machine to get quarters to do their laundry. Mobile banking is not without its challenges.

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        curiouscarlaHamilton Nolan
        5/23/16 12:00pm

        My parents recently visited me and were amazed by the number of banks in my middle-class Little Rock neighborhood. I had to explain that 3/4 of the city has like no banks at all, we were just in a very white area. Even still, they were right, like half the businesses were banks.

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