Major banks in the United States are moving towards closing many of their branches to enhance online banking services. According to a report from “The Wall Street Journal,” more than 2454 bank branches were closed during the past year. Since December 2023, the number of bank branches has decreased by over a fifth compared to 2009, with approximately 400 branches closed since the beginning of 2024, including branches of Bank of America, JPMorgan Chase, US Bank, Capital One, PNC, Wells Fargo, and TD. Wells Fargo tops the list with the closure of at least 88 branches since the beginning of the year. Declining bank profits and interest rates are behind this wave of closures, prompting banks to offer more online services at lower fees and improve digital banking apps to be easier and faster to use.