Now hearing that people are making a mini run on banks, pulling extra cash. Some bank locations and ATM's are running short on cash. Why people? I guarantee you that banks are not going to close and your credit and debit cards will continue to work.

 

They are not going to close completely, I agree. They are and will definitely be closing to "normal" business practices.

For those of you who may be wondering why the 1918 pandemic keeps coming up this video is the first of a multipart series (each video is short) that goes into detail as to what happened 102 years ago. There are many lessons to take from that one.

 

They are not going to close completely, I agree. They are and will definitely be closing to "normal" business practices.

 

I could see drive thru only for every day transactions. I still think bankers will hold appointments for people looking for loans, line of credit, business banking, etc.

I could see drive thru only for every day transactions. I still think bankers will hold appointments for people looking for loans, line of credit, business banking, etc.

 

I know of two credit unions that will not be doing any of that after this week.

 

Most places you can do a loan fully online, even the documents.

Now hearing that people are making a mini run on banks, pulling extra cash. Some bank locations and ATM's are running short on cash. Why people? I guarantee you that banks are not going to close and your credit and debit cards will continue to work.

 

Not to mention how many hands have touched your cash.

 

I'm a HUGE fan of cash when it comes to spending, but even I have used the credit card a lot in the last few days.

I could see drive thru only for every day transactions. I still think bankers will hold appointments for people looking for loans, line of credit, business banking, etc.

 

Banks in my neck of the woods have eliminated any face-to-face interactions. Appointments are necessary, but they can be done by telephone.

Not to mention how many hands have touched your cash.

 

I'm a HUGE fan of cash when it comes to spending, but even I have used the credit card a lot in the last few days.

 

I stopped at a fast food place for a quick breakfast sandwhich this morning, and the place I stopped had me place my credit card on a tray, and handed me my food and card back on a tray. No hand to hand transfer.

I know of two credit unions that will not be doing any of that after this week.

 

Most places you can do a loan fully online, even the documents.

 

It's been like this for a while, and I don't think a lot of people realized it. This event is going to show people a lot of the old ways we did business, really aren't efficient or even necessary. And I think if this event lasts into summer, it's going to really change the way people interact with each other. Some of this social distancing may become the norm.

It's been like this for a while, and I don't think a lot of people realized it. This event is going to show people a lot of the old ways we did business, really aren't efficient or even necessary. And I think if this event lasts into summer, it's going to really change the way people interact with each other. Some of this social distancing may become the norm.

 

We are heavy into pushing the digital way of doing things.

We are heavy into pushing the digital way of doing things.

 

I have been only a halfway adopter of mobile banking, now i am doing much more. I always did deposits in person before but now I use the check deposit feature on the apps all the time.

I have been only a halfway adopter of mobile banking, now i am doing much more. I always did deposits in person before but now I use the check deposit feature on the apps all the time.

 

As older generations pass on, banking will change drastically and we'll see far fewer brick and mortar financial institutions, IMO.

Not to mention how many hands have touched your cash.

 

I'm a HUGE fan of cash when it comes to spending, but even I have used the credit card a lot in the last few days.

 

Credit card machines are just as dirty as cash. If not dirtier.

Credit card machines are just as dirty as cash. If not dirtier.

 

You think?

 

I'm not denying they're dirty, but cash is...well, cash.

You think?

 

I'm not denying they're dirty, but cash is...well, cash.

 

Think about all of the people who touch the credit card machine in just one checkout line at Walmart.

You think?

 

I'm not denying they're dirty, but cash is...well, cash.

 

I guess that is why they call it filthy lucre.