3 biggest banks in America are closing branches, including NJ

Is it time to switch out your bank accounts?

Three of the biggest banks in the country have been slowly closing their locations across the board and they have now announced 55 more locations that will be shutting their doors in the next month, including in New Jersey.

Although most people do their banking online or through an app, some things need to be done in person.

You don’t even realize how useful a walk-up ATM or a live teller is until it is no longer available.

Bank of America is one of the largest banks in the country. They have been closing their brick-and-mortar locations as they lean more towards online banking. But now they will be closing even more of their locations between now and March.

According to the US Office of the Comptroller of the Currency’s weekly bulletin from January 27, the New Jersey branch that will be closing on March 5 is

904 River Road, New Milford, NJ

Bank of America is not the only popular bank that is closing locations.

If you have accounts with Wells Fargo, your local bank might be closing its doors at some point this year.

According to the latest OCC bulletin, there are no New Jersey Wells Fargo branches on the list yet.

Why not add another bank to the list.

In the same bulletin, TD Bank plans on closing multiple locations around the country including New Jersey.

If you’re concerned about your branch, contact your local bank today.

The post above reflects the thoughts and observations of New Jersey 101.5 talk show host Bill Spadea. Any opinions expressed are Bill's own. Bill Spadea is on the air weekdays from 6 to 10 a.m., talkin’ Jersey, taking your calls at 1-800-283-1015.

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