Welcome to the BizWarriors Forum!
Why not join our community?
Sign Up Today!

End of banking halls?

Discussion in 'Planning Your Business' started by remnant, Feb 17, 2016.

Share This Page

  1. remnant

    remnant Member

    204
    52
    28
    With the advent of ATMs, smartcards, electronic money transfer and even bitcoins, I foresee the good old banking halls downgraded from imposing edifices to small corporate outposts or disappearing altogether. What's your take?
     
  2. djentre

    djentre Member

    183
    68
    28
    I had hoped so too and that is sort of where we should be heading. But, I can tell you that people still trust brick and mortar banks more when it comes to handling a lot of their information. I myself use both online banks and regular banks, and I just prefer online banking. But, sometimes, you do need to talk to someone to get your point across. Recently, when I was running around asking for money, the bankers who were most forthcoming were the ones where I knew people and had a good repo with them. And this is going to continue to exist.

    The larger banks have reinvented themselves. This old bank that I've used for well over a decade suddenly and without me asking for one, assigned a "personal" banking representative, and another guy to "advise" me on equity. And I am not a high networth individual! The reason why the larger banks can do this is because they have a large workforce whom they can simply re-assign from being call center employees to being "personal representatives" without spending a penny more. And the customer will feel spoiled and hopefully not switch banks. I know I won't switch now - I have a personal banking representative :p
     

Share This Page

Loading...
Similar Threads - End banking halls Forum Date
Poll: Keeping up with new trends and developments General Business and Entrepreneurship Jan 12, 2017
Ethics in building app/company with friend's idea Starting Your Business Nov 1, 2016
Anyone want to be friends? Introductions Oct 19, 2016
What skills are recommended for starting an online business? General Business and Entrepreneurship Sep 25, 2016
Initial online advertising spending! Internet Marketing and Promotion Jul 26, 2016