--- title: What Does the Bank of the Future Look Like? description: Instant service, contactless payments and directed coupons may all be part of your banking in the upcoming years. authors: - name: Taylor Tepper url: https://money.com/author/taylor-tepper-3/ at_money_since: 2013 articles: 168 covers: - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes social: - https://x.com/TaylorTepper former_staff: true published: '2013-11-06T03:01:21.000Z' modified: '2013-11-06T03:01:21.000Z' section: Banking tags: - ATM - bank branch - Banking - best banks - Debit Card - Google - paypal - Personal Finance - Square word_count: 208 canonical: https://money.com/what-does-the-bank-of-the-future-look-like/ type: Article source: structured-blocks --- > **Disclosure:** We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Hilton in the Late '40s](https://img.money.com/2012/01/505252712.jpg) *The magnate stands outside Manhattan's Waldorf-Astoria, which he bought in 1949. An incredibly ambitious man, Hilton desperately wanted the property because it was the high-profile home of some of the world's biggest political and social events.* **Here's what you can expect from banks of the future:** **You'll get instant service.** Besides being able to chat with reps online, says Alex Matjanec of MyBank Tracker.com, you should be able to instant-message with your bank via your phone soon too. Also, watch for ATMs with videochat capabilities (Bank of America is now trotting this out). **You won't need a debit card.** Despite PayPal, Google, and Square's attempts at digital wallets -- which allow you to pay for purchases with a smartphone --"contactless" payment hasn't yet hit critical mass. Customers will be more likely to adopt it when their banks offer it, says Monahan. **Your storefront bank will go 2.0.** Traditional banks will offer one set of terms for online-only customers -- higher rates, fewer fees -- and another for those who want to go into a branch, predicts MoneyRates.com's Richard Barrington. Fifth Third has already launched web-only accounts with better terms. **Your bank will play personal shopper.** With every debit, your financial institution is creating a picture of your tastes. Now that banks can get in touch via your smartphone, expect them to start texting you deals from "partners" on products you're likely to buy, says Ajai Nagarkatte of financial services association and research firm BAI. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/what-does-the-bank-of-the-future-look-like/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Banking", "item": "https://money.com/banking/" }, { "@type": "ListItem", "position": 3, "name": "Online Banking", "item": "https://money.com/online-banking/" }, { "@type": "ListItem", "position": 4, "name": "What Does the Bank of the Future Look Like?" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/what-does-the-bank-of-the-future-look-like/#webpage", "url": "https://money.com/what-does-the-bank-of-the-future-look-like/", "name": "What Does the Bank of the Future Look Like?", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2013-11-06T03:01:21.000Z", "mainEntity": { "@id": "https://money.com/what-does-the-bank-of-the-future-look-like/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/what-does-the-bank-of-the-future-look-like/#breadcrumb" }, "dateModified": "2013-11-06T03:01:21.000Z" }, { "@type": "Article", "headline": "What Does the Bank of the Future Look Like?", "articleSection": "Banking", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2012/01/505252712.jpg", "width": 1382, "height": 2048, "caption": "Hilton in the Late '40s" } ], "author": [ { "@type": "Person", "name": "Taylor Tepper", "url": "https://money.com/author/taylor-tepper-3/", "@id": "https://money.com/author/taylor-tepper-3/#author", "image": "https://img.money.com/2014/05/14-05-21_bio_author_tepper1.jpg?quality=85&w=190&h=190&crop=1", "email": "ttepper@moneymail.com", "sameAs": [ "https://x.com/TaylorTepper" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2013-11-06T03:01:21.000Z", "description": "Instant service, contactless payments and directed coupons may all be part of your banking in the upcoming years.", "abstract": "Instant service, contactless payments and directed coupons may all be part of your banking in the upcoming years.", "@id": "https://money.com/what-does-the-bank-of-the-future-look-like/", "inLanguage": "en-US", "dateModified": "2013-11-06T03:01:21.000Z", "wordCount": 208, "keywords": [ "ATM", "bank branch", "Banking", "best banks", "Debit Card", "Google", "paypal", "Personal Finance", "Square" ], "about": [ { "@type": "Thing", "name": "Bank", "sameAs": [ "https://en.wikipedia.org/wiki/Bank" ] }, { "@type": "Thing", "name": "Online banking", "sameAs": [ "https://en.wikipedia.org/wiki/Online_banking" ] } ] } ] } ```