It is frustrating to hear that your Chase Bank branch is closing down. Chase Bank has said that it plans to shut down even more outlets in the United States, taking the total shutdown in the past five years to 650. This might sound like a rather alarming proposition, but Chase is also looking at the fact that it will be opening 400 new branches in 25 states. Here is how all of this translates to your life and the selection of the right banking service.
Contents
Why is Chase Bank Closing Branches?
Chase Bank is one of the many banks that are closing some of its’ branches since more consumers are banking online. App and website accessibility have superseded the need for physical branches in banking, resulting in reduced demand. Chase should be able to save money by removing these less-profitable branches, which will allow them to invest more in their digital technologies. It is likely that this shift towards technology will progress in the future.
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Branches Closing Soon
Here’s a list of some Chase Bank branches that will be closing soon across different states:
Chicago:
- Chicago: 3856 W 26th Street, Cook (March 15th)
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 14th)
- San Lorenzo: 18499 Hesperian Blvd. (May 14th)
- Los Angels: 2201 Westwood Boulevard (May 23rd)
Colorado
- Denver: 2251 South Monaco Parkway, Suite 102 (March 7th)
Michigan
- Roseville: 30730 Groesbeck Hwy. (March 7th)
- Roseville: 30730 Groesbeck Hwy. (April 5th)
Florida
- North Lauderdale: 1319 State Road 7 (March 7th)
- Sarasota: 240 N. Washington Boulevard, Suite 100 (March 22nd)
Nevada
- Las Vegas: 2865 E Charleston Boulevard (May 16th)
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)
| State | City | Branch Address | Closure Date |
| California | Riverside | 5060 Arlington Avenue | March 7th, 2024 |
| California | Citrus Heights | 6950 Sunrise Boulevard | March 7th, 2024 |
| California | Fresno | 7160 N. 1st Street | March 14th, 2024 |
| California | Burbank | 1030 W Alameda Avenue, Suite D-13 | April 4th, 2024 |
| California | San Lorenzo | 18499 Hesperian Blvd. | May 14th, 2024 |
| California | Los Angeles | 2201 Westwood Boulevard | May 23rd, 2024 |
| Illinois | Chicago | 3856 W 26th Street, Cook | March 15th, 2024 |
| Colorado | Denver | 2251 South Monaco Parkway, Suite 102 | March 7th, 2024 |
| Florida | North Lauderdale | 1319 State Road 7 | March 7th, 2024 |
| Florida | Sarasota | 240 N. Washington Boulevard, Suite 100 | March 22nd, 2024 |
| Michigan | Roseville | 30730 Groesbeck Hwy. | March 7th, 2024 |
| Michigan | Roseville | 30730 Groesbeck Hwy. | April 5th, 2024 |
| Nevada | Las Vegas | 2865 E Charleston Boulevard | May 16th, 2024 |
| New York | New York | 42 Broadway | April 19th, 2024 |
| Illinois | Chicago | 3101 West Cermak Road | March 15th, 2024 |
| Illinois | Skokie | 5200 Dempster Street | May 10th, 2024 |
| Illinois | Skokie | 4200 Dempster Street | May 10th, 2024 |
| Illinois | Wilmette | 50 Skokie Boulevard | May 10th, 2024 |
| Indiana | Indianapolis | 7001 Madison Avenue | March 15th, 2024 |
| Indiana | Lafayette | 201 Main Street | May 16th, 2024 |
| Oregon | Milwaukie | 10900 SE 21st Avenue | March 1st, 2024 |
| Washington | Stanwood | 26603 72nd Avenue NW, Suite A | March 15th, 2024 |
What to Do If Your Branch Is Closing
If your Chase branch for local banking is closing, then you might be asking yourself several questions. Fortunately, the Chase Bank account does not have to be opened physically but can be done through the internet via a smartphone or computer. Most services that earlier required an individual to visit the bank, with the advancement of technology, especially internet banking, are now offered through the website. This change assists Chase in minimizing expenditures such as salaries for employees and rent for the business premises.
But often, such evolution poses certain challenges for those who initially are more comfortable with face-to-face communication, for instance, individuals of the older generation, who still may not feel completely comfortable making use of digital banking services. To be able to adapt quickly to changes, just like in the case of the branch closure, it is advisable to keep abreast of information and look for other banking options.
FAQs
Q. Chase Bank is closing its branches in 2024 why?
A. Such occurrences are evident at Chase Bank, which has had to shut down facilities and branches for convenience due to the increased adoption of web and mobile banking. Consumer banking needs could be met through the Internet, thereby eliminating the need for many branches and enabling the bank to save on costs to provide technology.
Q. Chase Bank is closing how many branches in 2024?
A. It is a common practice in the banking sector that mainly focuses on downsizing branches to save costs. Chase Bank recently revealed that it will be shutting down 23 of its offices in the United States by 2024. This brings the number of branches shut down in the last five years to 650.
Q. Which locations will the closures affect the most?
A. It will shut down different locations in several states to different extents. Among the closed locations, one may name California, Illinois, New York, Florida, and other branches of Levi. To check out even more of the locations affected, refer to the list given in the article in detail.
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