Why do we need more than one bank in the US?

You're walking down Fifth Avenue in NYC, trying to figure out your first bank you want to pick. It can all be so overwhelming, so why don't we just have one bank here in the US?

Small bank? A G-SIB bank? What kind of bank? 

Picture it, you walk in "The Bank of the United States of America". You get mostly the same benefits with some variation. With so many options currently out there, who knows what's the best bank to go with?!? In the last 20 years we've gone from 15,000 banks to roughly 4,000, why not put the pedal to the medal and we just have 1. It's just too complicated picking banks.

Quote from someone choosing a bank

I've been looking for a bank for 3 years. I want a bank with a debit card with squirrels on them. I can't find one. I've tried them all, Chase, Wells Fargo, TD America, BofA, and I even tried some of the G-SIB banks, and they had nothing even close. One G-SIB bank had a debit card with a motorcycle on it with flames.

With mergers, consolidations, and what have you, it makes you think, why don't we just have one bank? It stresses me out to think of all the decent benefits I could get from Bank A but then miss out on all the other great gifts from Bank B. Choice scares me.

Should we just have one bank in the US?

Well, If there's anything I learned by going to Chuck E. Cheese as a kid, that there was one bank at Chuck E. Cheese. It was convenient and actually worked. A mouse could give me tickets for coins, and the Bank of Chuck E. Cheese, although not FDIC insured, seemed very efficient. So, is it feasible to have a Chuck E. Cheese-esque bank in the US?