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6 banking changes you'll see in 2011

Bank branches will decrease in number and size
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Bank branches will decrease in number and size

With the rise in online banking and direct deposits, banks are working to meet the decreasing demand for branches.

"These days, very rarely does any employer pay people in checks. So there's less of a reason to go to your local bank branch," Hunt says.

In addition to fewer branches, some banks are putting their footprint in retail locations.

Hunt points to the agreement that the bank USAA made with UPS stores in San Antonio, allowing customers to do their banking at UPS locations. The same way you would buy stamps from a cashier at a grocery store, customers can make deposits and withdrawals through UPS reps in lieu of bank tellers.


 

 

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