Economics · Banking and Finance
Why do physical bank branches remain highly relevant in Retail Banking despite the extensive rise of digital channels?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They are utilized for sending automated transaction SMS alerts.
- 2They are needed for simple cash withdrawals after standard banking hours.
- 3They are essential for handling complex, high-value, or advisory-intensive transactions.✓
- 4They are required for checking the balance of a basic savings account.
Correct answer
They are essential for handling complex, high-value, or advisory-intensive transactions.
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