Well, for Santander Bank, it means closing locations. Last week, the Spanish company revealed that it will be shuttering 18 branches across the United States by August 2025, per Banking Dive.
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In the case of Santander, branch closures aren’t necessarily indicative of a failing business. In October 2024, they launched their U.S. digital bank, Openbank, which hit $2 billion in deposits by the following February.
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You can check if your location is set to close by visiting Santander's website and using the branch locator.
Santander is hardly the only bank stepping away from physical branches. Come June 5, TD Bank will be closing a staggering 40 locations across the country.
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