From simplifying payments with person-to-person transfers to eliminating the need for passwords with voice recognition software, technology is revolutionizing how account holders manage their money. The result is that bank branches are looking less crowded.
While customers can perform many transactions from wherever they are, technology will not force every branch to shut its doors.
“Bank branches aren’t going away,” says Greg McBride, CFA, senior financial analyst at Bankrate.com. “The branch of the future is just going to look and feel a lot different than the branch of the past.”
As you enter the new age of consumer banking, here are four ways technology will change your bank branch.