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Assuming Sweden is similar to Finland, I think the main point is not avoiding robberies, but just to save money. Here, visits to bank branches have been in dec
by AnssiH 8y ago
Assuming Sweden is similar to Finland, I think the main point is not avoiding robberies, but just to save money.
Here, visits to bank branches have been in decline for decades now, especially for cash services, so it makes sense for the banks to reduce the amount of locations that offer those services to save money.
In 2018 there were 854 bank branches in Finland, compared to 1627 in 2007 and 3600 in 1985. Population is 5.5M.
This also has the effect of increasing cash handling costs to businesses if they have to get cash services from a bank branch that is far away.
Sources (Finnish): https://www.finanssivalvonta.fi/kuluttajansuoja/kysymyksia-ja-vastauksia/pankkipalvelut/peruspankkipalvelut/selvitys-peruspankkipalveluiden-saatavuudesta-ja-hinnoittelusta-2018/ https://www.finanssivalvonta.fi/kuluttajansuoja/kysymyksia-j... https://www.savonsanomat.fi/kotimaa/Suomessa-pian-alle-tuhat-pankkikonttoria-Fiva-Alaraja-alkaa-tulla-vastaan/1039549 https://www.savonsanomat.fi/kotimaa/Suomessa-pian-alle-tuhat... https://www.kauppalehti.fi/uutiset/pankkien-konttorit-katoavat/6b102a9e-f5b8-34eb-a164-a7a1bcb8f565 https://www.kauppalehti.fi/uutiset/pankkien-konttorit-katoav...
- dontbenebby 8y agoThanks for this. I did not think about distance as a cost factor.