BUSINESS
07/19/2019 14:58 EDT | Updated 07/19/2019 15:05 EDT

Laurentian Bank Teller Services About To End, Along With 350 Jobs

Only six branches will have teller services past Monday.

Denis Beaumont/The Canadian Press
A Laurentian Bank sign on an office building in Montreal, Jan. 13, 2013.

MONTREAL — An era is about to end at the Laurentian Bank with customers no longer having access to teller services as of Monday in almost all of its branches.

Six rural locations will continue to offer these services until September.

Watch: Teaching kids financial literacy. Story continues below.

 

The changes are part of a plan that began in 2016 to offer only branch-level financial advice by the end of 2019. Thirty-one of 91 locations have already eliminated their tellers.

Spokeswoman Helene Soulard says Canada’s seventh-largest bank began to warn customers more than four months ago about the change that will result in the elimination of 350 positions.

Laurentian wants customers to use automatic tellers and online banking, but it still doesn’t offer an app.

Acrimonious negotiations with about 1,200 unionized employees ended in March when 81 per cent of workers accepted the bank’s contract proposal.