Originally Posted by 71TA


Banking - Who goes into a bank anymore? The ONLY time I goto a bank is to do wire transfers. Bank said I can setup my own account so I dont even need to go in to do that. Old fashioned checks I just scan and deposit using a phone app. Invetsments, IRA's, all done online.



Banking has been changing through normal course, and will continue to do so. However, I don't think the coronavirus will cause much change regarding banking brick and mortar. In fact, people were going nuts trying to get into banks. Local banks extended hour's, kept lobbies open, and had a scary run on money. They actually put controls in place to slow the cash leaving the vaults.

It is sad how many people and small business have virtually zero cash reserve.