Despite the rise of online banks, millennials are still visiting branches

Despite the rise of online banks, millennials are still visiting branches

A Mastercard debit card from U.K. digital bank Monzo.
Monzo

Online banks are betting that millennials don’t want to visit physical branches, but a new report from Jefferies challenges that theory.
Physical banking locations “are still viewed as important” — especially by younger folks, and are still a top factor in picking a new bank, according to a new Jefferies retail banking survey published…

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