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In the age of e-banking, i would be surprised if physical retail bank offices matter that much. Personally, i visit it once a several years. With regards to IS
by zajio1am 7y ago
In the age of e-banking, i would be surprised if physical retail bank offices matter that much. Personally, i visit it once a several years.
With regards to ISPs, i often see that richer neighborhoods have wore coverage than poorer neighborhoods, as it is much cheaper to cover big block of flats with fiber than villa neighborhoods (so these are often limited to wireless ISPs).
- slg 7y agoOnline banking is great for the middle class who might have their paycheck direct deposited into their account, pay their bills online, and have easy access to credit and debit cards. This allows them to be mostly cashless. Poorer people are much more likely to deal in cash and therefore need more access to a brick and mortar bank. On the issue of ISPs, you are conflating neighborhood density with the economic status of a neighborhood. I would bet that in two neighborhoods with similar density, the wealthier neighborhood generally has the more developed internet infrastructure.
- Larrikin 7y agoThe poorer you are the more reliant you are on cash. When most of your transactions are in cash you'll go through the quota of free transactions quickly and you'll just be stuck with a lot of cash you're can't deposit anywhere and become a prime target to rob. This also assumes you're paid via check for your income.
- sokoloff 7y agoMy bank (USAA) is in TX and I live in MA. In 31 years of having my primary bank account there, I’ve literally never visited an office of theirs. I think 4-5 times I’ve needed them to mail/Fedex me an official check.