From automating bills to getting a loan, you can conduct nearly every task in your banking life with a few clicks through a five-inch rectangular screen that you carry in your pocket. With that kind of speed and convenience, why would anyone visit a branch if they didn’t have to?
“While some transactions make sense to handle online, I would recommend people always handle wire transfers and large cash transfers in person at a bank or credit union branch,” said Kimberlie McGee, head teller at Addition Financial, a credit union in Lake Mary Florida. “Fraudulent activity is on the rise when it comes to wires and other activity such as large cash transfers.”
Organizations like the Federal Trade Commission confirm that assessment — online predators are targeting wire transfers and large bank transfers with greater skill and frequency, and your local branch might be the safest place to conduct both kinds of transactions.