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Updated over 3 years ago,

User Stats

550
Posts
249
Votes
Dave Rav
  • Summerville, SC
249
Votes |
550
Posts

Banks using the pandemic to prevent access to $$

Dave Rav
  • Summerville, SC
Posted

Hey Group.  I have noticed some of the larger banks (B of A) are *still* hosting limited lobby hours and business hours.  They cite "CDC guidelines" as their reason for this.  I have visited multiple B of A branches, and some still are actually CLOSED 1-2 business days per week.  Others sport limited hours (as if bankers hours weren't already a joke).  All this when other businesses are reopening doors and approaching "business as usual."  

I can't help but think they are strategically trying to reduce access to deposit accounts, thereby holding onto your money longer to gain interest.  Yes, I realize you can still use the ATM.  However, for large withdrawals, or in my case where I debit card was terminated, I was forced to visit a branch in person.

What do you think?

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