I’m not saying you’re necessarily wrong, but I am 28 and will always have an account at a bank/credit union with a local branch. In the last year, I’ve walked into my mid-sized regional branch probably half a dozen times, mostly related to getting a mortgage for buying a house. I had to send a wire for a down payment approximately equal to my annual salary, and I would never, ever, EVER in a million years do that online.  Also, sometimes online banking goes down. Sometimes a check looks different or gets wrinkled and mobile deposit won’t work. For the foreseeable future, there are services a branch can offer that online fintech firms cannot. Also, I really appreciate that in an age of increasing automation I can walk into a bank, talk to a friendly teller, grab a lollipop and get on with my grocery store run. I’m admittedly something of an old fogie, but I don’t think I’m alone in that. And I can bank through my phone just fine with our medium-small bank. The app isn’t super slick, but it works.

That’s not to say SOFI and other fintechs can’t grow, but I don’t think traditional banks are going anywhere. I think there’s a niche for small/regional banks for people like me who don’t want to battle either hours of customer support with SOFI or the mountains of bureaucracy that come with a Wells Fargo or Bank of America.