BofA opening teller-less banks

["Dave Farber" <dave () farber net>]

---------- Forwarded message ---------
From: Edward Biebel <edward () biebel net>
Date: Thu, Feb 9, 2017 at 12:09 PM
Subject: BofA opening teller-less banks
To: Dave Farber <dave () farber net>


Dave, for ip if interesting....

As a sort of follow up on my previous email, this article talks about BofA
opening teller-less branches because:

“Cash is dying out,” Fitzgerald said. “Many millennials don’t carry cash.
They only use their debit card. In 2011 and 2012, bank branch traffic
dropped precipitously. The last I checked, 98.5 percent of our bank’s
transactions are done online and electronically.”

https://www.washingtonpost.com/business/economy/bank-tellers-are-the-next-blacksmiths/2017/02/08/fdf78618-ee1c-11e6-9662-6eedf1627882_story.html?utm_term=.43e8312d6b69&wpisrc=nl_rainbow-anewssubs&wpmm=1

Ed



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