There are a lot of things happening in the banking sector and it is hard to predict what the future of banking would be. There's no one who can predict what the future of online banking, lending, fees and charges, and the robo-advising could be.

There is a feeling that 99% of all the banks in the United States would be doing business online in the next 25 years. Everyone would be carrying out their transactions online and pay for fees or other utility services online. Will this be the way the banking will be functioning down the line? There would be certain banks that might have branches, but most of them will be looking at their customers to do online transactions in the near future.

Financial experts agree that it will be the trend, but feel that it will happen slower. Experts feel that the branch banking will not disappear all of a sudden and will only die slowly. There are many people who still don’t want to switch to technology-based banking and still prefer to write checks.

With the online banking taking shape, the fees for bank wires, money transfers, checking accounts, savings accounts, etc., will be coming down drastically and can be zero or very minimal, but, there is a possibility that the bank will be looking at other ways to collect the fees from their clients. There is no doubt that technology and the internet are solving a lot of problems and can also do so with banking.

A Few experts feel that there will be free checking and savings banking options on offer for the clients from the banks after 25 years. The traditional banks would have to compete with the online banking services and charging the client for a checking account monthly is not a given in this modern age. The wire transfer or other forms of online transfer would not be allowed for free and there would be a minimum charge that the online banking services would charge. The ETFs and the index funds will also lower their fees in the long run in order to sustain in the market. The investors and the other think tanks in the banking industry feel that shifting from traditional to the online banking will not happen very soon and will surely take a lot of time.

There is no doubt that robo advisors will be the future when more and more people think forward and embrace the idea of algorithmic handling their finances and other things in their lives. The robo advisors will be very aggressive after a couple of decades. 

The robo advisors would be a boon for everyone who loves to own individual stocks. Investing in stocks is a time-consuming process as you need to fully understand the stock and research on it before making the move. The American population does not have the time, desire and the knowledge about individual stocks and will not be able to do it correctly. The best option is to rely on robo advisors to do the job for them. Also, as these products get advanced as the years roll by, it is better to invest in a robo advisor to help you in making investment decisions wisely.

There is every reason for the peer to peer lending to see a tremendous growth in the next 25 years. It can represent 25% or more of the lending industry in the long run. It is now getting spread all over and is more feasible than getting loans and Freedom Debt Relief from traditional banks. Experts believe that in the next 25 years all banks, be it small, medium, online or brick and mortar, will be having some sort of online lending platform that only deals with peer to peer lending. It is a better way to earn more returns than you get from bonds. I expect the bank to become more competitive with the peer to peer lending business.