Chase Bank, one of the largest banking institutions in the United States, has announced that it will temporarily close all of its 4,700 branch locations across the country for a 24-hour period. This closure is set to occur on Presidents Day, February 19, 2024. The bank has indicated that the closure aligns with the federal holiday and is part of its standard operational procedures during such occasions. A Chase spokesperson confirmed the decision, stating, “As we observe Presidents Day, customers are encouraged to use digital banking services for their banking needs.” This closure has sparked various reactions from clients and industry analysts alike, as many individuals rely on bank branches for in-person services. Digital banking has grown significantly, especially during the COVID-19 pandemic, raising questions about the future viability of physical branches. As of now, Chase Bank continues to promote its online services, which have become essential for many customers. The bank reassured its clientele that operations would resume promptly, allowing customers to access their local branches starting on the morning of February 20.
Chase Bank to Close All 4,700 Locations for 24 Hours Due to Federal Holiday
