Dan McGaw rarely sets foot in a bank branch, but he may be more in sync with his accounts than his grandparents ever were. Armed with remote deposit and online bill paying, the 29-year-old Orlando entrepreneur sees little need for the teller line.
“I only go to the bank when I need to take out cash, which is almost never,” he said. “I don’t have a checkbook; I use mobile apps or websites for more than 90 percent of my banking.”
As the popularity of mobile and online banking grows, more bank branches in Central Florida and elsewhere are starting to vanish.
Since 2009, Central Florida’s branch total has fallen 6 percent, for a net loss of nearly 60 branches, as closings have far offset openings, according to the Federal Deposit Insurance Corp., which regulates banks.