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4 Banking Services You Won't Be Able To Use in Less Than a Decade

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
As technology advances and society evolves, banking services are changing, too. From the decreased use of cash and checks to changing banking account password requirements, the industry is
The article from MSN discusses four banking services that are expected to become obsolete within the next decade due to technological advancements and shifts in consumer behavior. Firstly, physical bank branches are predicted to decline as digital banking platforms become more prevalent, offering convenience and reducing the need for in-person visits. Secondly, paper checks are becoming less common as electronic payment methods like direct deposit, online transfers, and mobile payment apps gain popularity, offering faster and more secure transactions. Thirdly, ATM machines might see a reduction in numbers or a transformation in functionality, with innovations like cashless ATMs or mobile cash withdrawals becoming more common. Lastly, traditional savings accounts with low interest rates are expected to be overshadowed by high-yield online savings accounts, investment apps, and other financial products that offer better returns and flexibility. The article suggests that while these services won't disappear entirely, their usage will significantly decrease as technology continues to evolve.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/money/personalfinance/4-banking-services-you-won-t-be-able-to-use-in-less-than-a-decade/ar-AA1xKlYo ]