According to Business Insider, as coronavirus cases continue to increase, US banks are evaluating their branch closures based on a location-by-location strategy. <br />Although none of the four largest banks in the U.S. have announced closures, smaller banks are making big changes. <br />Some are limiting in-person banking to appointments only, opening drive-thru service, and even closing branches if they are located in COVID hotspots. <br />However, new shifts in consumer habits may allow banks to close during the surge, and even permanently in the long term. <br />According to Business Insider, there is an uptick in digital banking. It's up over 73%, with an expected increase to over 79% in the next five years.
