At least 273 bank locations closed across the United States in May, while 46 opened that month. Many major banks have announced that they’re closing down branches in 2023, as more and more customers are making deposits via their phones or to keep tabs on their balances, all without leaving their homes. Others still rely on…
American Banks Closed 273 Branch Locations in May
June 30, 2023
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Chase Bank Online Glitch Caused Double Transactions
JP Morgan Chase bank’s online-banking system was malfunctioning Friday, creating double transactions, fees, and payments in customers’ accounts. The glitch was fixed later that day. Numerous Chase customers had posted on social media that their rent or bill payments were taken out of their accounts twice and reported hold times with customer service approaching more…
Seven Ways to Bank Smarter in the New Year
Every year people make new resolutions. Some want to lose weight, others have a specific goal they wish to attain. One goal that everyone should have in the new year is banking smarter. Smart banking can save you money. But what does that mean? Here are seven ways to bank smarter. Reevaluate Banking Services and…
What Makes a Reliable Online Banking Experience?
Digital banking services have been on a rapidly expanding growth curve over the past decade, and the COVID-19 pandemic has only accelerated its adoption. In the United States, for example, during the past four years, the number of traditional bank branches has shrunk by 9 percent. Although most traditional banks today provide digital services along…
11 Tips to Help You Protect Your Online Financial Data
May 7, 2022
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Online banking, paying bills remotely, and mobile wallet apps have made it easier for businesses and consumers to interact with their financial services providers. But online banking has also brought consumers’ financial data into the digital space, leading to cybersecurity issues. Saved passcodes, automatic transactions, and devices without passwords can leave your financial data vulnerable…
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