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Updated over 3 years ago,
Banks using the pandemic to prevent access to $$
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?