Bank of America closing branches to enhance digital banking

Bank of America is closing several branches in March 2025 as part of a shift towards digital banking. This trend is common across the banking industry, with fewer physical locations and increased online services. Many banking tasks, like transfers and balance checks, can now be done through mobile apps. In March, Bank of America closed branches in various states, part of a broader strategy that began in 2022. These closures can create difficulties for customers who prefer in-person banking. They may also lead to job losses for employees affected by the closings. While younger consumers adapt well to digital banking, older adults and those without access to reliable internet may struggle. The closures create challenges for people who need to conduct transactions in person. Overall, while banks are moving towards more digital services, the complete elimination of branches is not expected soon. There are still significant hurdles for some customers who rely on physical bank locations.