Bank of America app used more than branches

Posted at 3:47 AM, Jul 17, 2018
and last updated 2018-07-17 03:47:07-04

Bank of America customers are now making more deposits on mobile devices than at branches.

Customers logged onto the Bank of America mobile app nearly 1.5 billion times in the last quarter alone.

That's cut the need for brick and mortar locations.

Wells Fargo and JPMorgan Chase are closing some of their branches because of increased mobile app use.