Bank of America will close branches nationwide: check to see if your branch will remain open

Bank of America, the second-largest bank in the United States, is continuing its trend of branch closures across the nation. This move reflects the ongoing shift towards digital banking and the bank’s efforts to optimize its operations.

As customers increasingly turn to online and mobile banking solutions, the need for physical branches has diminished, prompting Bank of America to reassess its brick-and-mortar presence.

The Office of the Comptroller of the Currency (OCC), a government agency, monitors and reports on bank branch closures. Banks are required to submit a 90-day advance notice to the OCC prior to closing a branch, meaning that following these news releases keeps you ahead of the curve.

Nearly two dozen Bank of America locations are shutting down for good this month.

Why bank branches are closing

Since 2009, the number of bank branches in the United States has fallen from nearly 100,000 to fewer than 80,000 today.

This trend, accelerated by the rise of digital banking and the covid-19 pandemic, has led to a significant reshaping of how Americans interact with their financial institutions.