A massive bank now announces additional closures for 2024 according to fresh data from the Office of the Comptroller of the Currency.
Chase will now close down 37 more branches across the nation as part of its mass closures, reports The-Sun.
The Chase bank closures were announced by the Office of the Comptroller of the Currency (OCC) for the week of November 25-December 2.
Chase also announced in mid-November that it would close 24 stores.
States affected by Chase bank closures include California, Arizona, Louisiana, Idaho, Washington, Ohio, Florida, Texas, Rhode Island, Tennessee, Indiana, Maine, and New York, per the OCC.
Along with Alabama, Minnesota, Georgia, South Carolina, Massachusetts, Pennsylvania, Missouri, Wisconsin, New Jersey, Virginia, and Maryland.
The rise of online banking is why traditional banks have resulted in closing down branch locations nationwide.
“Fewer people are visiting the in-person brick-and-mortar branches.
Most bank services are available online or through apps now.
However, Chase is in the works of creating a new banking experience for people.
There is still hope for some in-person branches,” reports The-Sun.
Chase is set to open 15 new branches that will come with updates in new areas.
The bank is closing branches to continue into new ventures.
Chase said that it will open more branches than it closes that will be focused on the new needs of customers — even if closures have surpassed new openings this year.
“Significant investments in new branches, adding more than 650 over the last five years, including delivering on our commitment to build 400 branches in 25 new states,” a spokesperson for Chase told The U.S. Sun in September.
“We’re targeting covering 70 percent of the U.S. population within a 10-minute drive of our branches, up from 60 percent today, which means you will see us build more branches than we close, resulting in a modestly larger branch network over time.
“Our goal is not to have the most branches – but to have the right branches, in more communities, serving the financial needs of our customers.”
Also Read: A US Bank is Now Denying Customers Access to Money
Other Banking News Today
A US Bank customer now loses all of their money after an unexpected account closure, according to a Reddit user report.
The US Bank customer says $59,000 of their own money has gone missing after their account was abruptly closed.
The customer says they have been trying to get their money back for four months now.
Posting to the community r/personalfinance, the consumer wrote: “US Bank closed my account at the end of August and still hasn’t returned the funds back to me.”
In their post, they recalled that their account was closed following an audit, and that US Bank sent a check for the balance of $59,000 to the address on file.
“The address that was on file at the time is a non-functional address, so any mail sent to that address would have been returned to the sender,” wrote the Redditor.
They say they called “multiple times” to update it to a new address, but were told by US Bank that the new address is not on file.
“Every time I call it’s a different story,” wrote the customer.
“First they said they had to mail me paperwork in order to put a stop payment on the check. I never got that paperwork.
“Then they said there was fraud on my account and I had to step into a physical branch to resolve this.
“There are no physical branches in the state I live in,” they added.
The Redditor added that they also contacted his old bank from which he wired the money to US Bank to recall the transaction, but US Bank told them the account was closed and there were no funds in the account.
“I had just spoke to somebody else over the phone just now and she said that she put a request in to have a cashier’s check mailed to my correct address; I had given her my correct address,” said the customer.
‘This is the third time I have given them my address to update my account. She said I would get a check in 15 business days.
‘I told her that I was told before I had to step into a branch to resolve this, I asked if I still needed to do that she said, “no.”
“I have heard the same nonsense from them for 4 months now so I do not believe they are going to send this to me,” concluded the user.
Also Read: The US Treasury Direct is Now Freezing Customer Accounts
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