Here's what branch banking may look like after Covid-19:
, 157 bank and thrift branches were closed in April 2020, while only 17 branches opened. Closing branches can be a cost-cutting measure for banks and credit unions, allowing them to streamline overhead expenses.
These are guidelines, however, not hard-and-fast rules, and the ABA reminds banks that they should consult the laws in their state for guidance regarding things like social distancing and the wearing of masks. Installation of plexiglass or other barriers to minimize the spread of germs between customers and employeesThe measures that you’ll see in banks may be similar to the ones retail stores and restaurants are introducing to keep both staff and customers safe. Banks and credit unions face an interesting challenge in trying to balance the needs of customers to do their banking in person while protecting the health of everyone involved.
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