TD Bank closing almost 40 branches in US, including some in Florida. Here's what to expect
TD Bank is closing 38 locations in about three weeks, including three in Florida.
Sites slated for closures will no longer be in business after June 5.
At the same time 38 banks will be closing, TD Bank opened three new locations. None were in Florida.
"We are committed to making this transition as smooth as possible for our impacted customers and colleagues and look forward to serving them at one of our over 1000+ TD Bank locations or through our digital banking products and services," a TD Bank spokesperson told USA Today.
TD Bank locations that will be closed June 5 are located at:
Daytona Beach, 1590 South Nova Road
Lake City, 160 NW Main Blvd.
Miami Beach, 500 Collins Ave.
TD Bank said it currently has 167 branches in 100 cities across Florida.
The company's map shows no branches in the Panhandle but extending along the Florida peninsula from Live Oak and Jacksonville south to Naples and Homestead.
➤ See TD Bank locations across Florida
More than half of U.S. consumers — 64% — do their banking via mobile apps, according to the American Bankers Association.
In 2024, 8% of Americans go to a branch office, although the number is higher — 13% — for baby boomers.
But if you're among those who prefer to go into a local branch to do your banking, Kiplinger offered this advice:
Embrace online banking: Just like the pandemic forced millions to try online shopping, now may be the time to try online banking, "especially if you live in a rural area or small town where your bank is closing and your options are limited." Ask for help to get started if you need to.
Rely on ATMs: If other branches of your bank are available where you live, you can still use the ATMs at those locations. You won't get charged for using an ATM owned by your bank, and you can make deposits and withdrawals from the screen.
Use a different bank branch: Don't want to use the ATM? Just like above, if your bank has other branches where you live, you can use one of them. You may have to travel farther but the bank itself is the same.
Search for an alternative bank: "If all else fails, you can always switch to another bank that caters to retirees or consider moving your money to a credit union," which are tied to a community.
TD Bank agreed to pay over $3 billion in penalties after becoming the largest bank in U.S. history to plead guilty to federal money laundering crimes in 2024.
"TD Bank chose profits over compliance in order to keep its costs down," U.S. Attorney General Merrick Garland said during a press conference at the time, noting TD was the largest bank to admit to violating the Bank Secrecy Act.
Contributing: Jonathan Limehouse, USA Today
This article originally appeared on The Daytona Beach News-Journal: TD Bank closing 38 branches, 3 in Florida. Advice if your branch cut
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