Hearing that your local Chase Bank branch is closing can be disappointing. Unfortunately, Chase Bank has announced that more branches across the United States will be shutting down. Over the past five years, Chase has already closed 650 branches, and now they plan to close at least 23 more this year.
While they are closing some branches, Chase also plans to open 400 new ones in 25 different states. This article will help you understand what these changes mean and how they might affect you.
Chase Bank Branch Closures
Chase Bank has listed several branches across different states that will be closing. Here are some of the locations:
California:
- Riverside: 5060 Arlington Avenue (March 7th)
- Citrus Heights: 6950 Sunrise Boulevard (March 7th)
- Fresno: 7160 N. 1st Street (March 14th)
- Burbank: 1030 W Alameda Avenue, Suite D-13 (April 4th)
- San Lorenzo: 18499 Hesperian Blvd. (May 14th)
- Los Angeles: 2201 Westwood Boulevard (May 23rd)
Chicago:
- Chicago: 3856 W 26th Street, Cook (March 15th)
Colorado:
- Denver: 2251 South Monaco Parkway, Suite 102 (March 7th)
Florida:
- North Lauderdale: 1319 State Road 7 (March 7th)
- Sarasota: 240 N. Washington Boulevard, Suite 100 (March 22nd)
Michigan:
- Roseville: 30730 Groesbeck Hwy. (March 7th)
- Roseville: 30730 Groesbeck Hwy. (April 5th)
Nevada:
- Las Vegas: 2865 E Charleston Boulevard (May 16th)
New York:
- New York: 42 Broadway (April 19th)
Illinois:
- Chicago: 3101 West Cermak Road (March 15th)
- Skokie: 5200 Dempster Street (May 10th)
- Skokie: 4200 Dempster Street (May 10th)
- Wilmette: 50 Skokie Boulevard (May 10th)
Indiana:
- Indianapolis: 7001 Madison Avenue (March 15th)
- Lafayette: 201 Main Street (May 16th)
Oregon:
- Milwaukie: 10900 SE 21st Avenue (March 1st)
Washington:
- Stanwood: 26603 72nd Avenue NW, Suite A (March 15th)
Why Are Banks Closing Branches?
Banks like Chase are closing branches because more people prefer online banking. As more customers choose to manage their money through apps and websites, the need for physical bank branches has decreased. Closing less profitable branches helps banks save money, which they can then invest in improving their digital services.
This trend of closing branches is likely to continue as banks focus more on technology and less on having many physical locations.
Opening a Chase Bank Account Online
Today, opening a Chase Bank account is easier than ever, and you can do it right from your smartphone. The rise of online banking means that many services that used to require a visit to a branch can now be done online. This shift helps banks cut costs on things like rent and staff.
However, this can be tough for people who prefer face-to-face banking, especially older individuals who may not be comfortable using digital tools.
The closure of Chase Bank branches may be frustrating, particularly for those who are used to traditional banking methods. While these closures allow the bank to save money and invest in new technology, they can also create challenges for customers, especially older ones.
It’s important to stay informed about these changes and consider alternative banking methods if your local branch is closing. Understanding these changes can help you navigate your banking needs in this evolving digital age.
FAQs
Why is my local Chase Bank branch closing?
More people are using online banking, so Chase is closing less profitable branches to save money.
Where can I find out if my Chase branch is closing?
Check the Chase website or visit your local branch for updates on closures.
Can I still bank with Chase if my local branch closes?
Yes, you can use online banking, the mobile app, or visit another nearby branch.
How do I open a Chase account online?
You can open a Chase Bank account using the Chase mobile app or website.
What should I do if I prefer in-person banking?
If your local branch is closing, consider visiting another branch or learning more about online banking options.
