The Rise of Cyber Branches in Banking

Online banking is becoming more common. Meyer cited a recent survey conducted by the Conference of State Bank Supervisors (CSBS), which found that 91.5% of community banks offered mobile banking, 82.6% of community banks offered electronic bill payment, and 78.9% offered remote deposit capture. The rise of online banking has led to the development of online-only branches, or “cyber” branches, for gathering deposits nationwide.
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