BROWSE

Off-Premise Banking

What is 'Off-Premise Banking'

Any bank location other than its main location that provides banking services of any kind that don't require tellers. Off-premise banking locations can be found in convenience stores, airports and shopping centers. ATMs can normally be referred to as off-premise banking locations.

Explaining 'Off-Premise Banking'

Off-premise banking locations are usually very expensive to establish; however, they tend to be profitable entities for the bank over the long run. This is because they tend to have a superior cost-to-transaction ratio than traditional bank locations staffed by personnel.


Further Reading


Off-premise ATM location assessment study based on extension analytic hierarchy process
books.google.com [PDF]
… themselves: the numbers of ATMs in off-premise locations have exploded and consumers … by banking concentration) has been systematically impaired at the local level, as would be expected if surcharging were reducing bank competition. 15 In fact, the average three …

ElEctronic Banking: analysis of sErvicEs and consumEr rEactions in nigEriaElEctronic Banking: analysis of sErvicEs and consumEr rEactions in nigEria
journal.utem.edu.my [PDF]
… themselves: the numbers of ATMs in off-premise locations have exploded and consumers … by banking concentration) has been systematically impaired at the local level, as would be expected if surcharging were reducing bank competition. 15 In fact, the average three …

The Name's the Thing: Financial Communication Device, Not Automated Teller MachineThe Name's the Thing: Financial Communication Device, Not Automated Teller Machine
heinonline.org [PDF]
… themselves: the numbers of ATMs in off-premise locations have exploded and consumers … by banking concentration) has been systematically impaired at the local level, as would be expected if surcharging were reducing bank competition. 15 In fact, the average three …



Q&A About Off-Premise Banking


What is off-premise banking?

Off-premise banking is a financial institution that accepts deposits from the public and creates demand deposits while simultaneously making loans.

Who regulates our financial institutions ?

Financial institutions are regulated by government agencies such as Federal

Where can you find off-premise banking locations?

You can find them in convenience stores, airports and shopping centers.

What does off-premise banking do?

Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit (finance).

Are ATMs considered to be off-premise banking locations?

Yes, they are.

Where did modern day banking begin?

Banking activities can be directly performed by the bank or indirectly through capital markets.

How did banks evolve over time?

Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.

Why do we need regulation for our financial institutions?

Because they play an important role in financial stability and economy, most jurisdictions exercise high degree regulation over them. Most countries have institutionalized system known as fractional reserve banking under which banks hold liquid assets equal to only portion their current liabilities. In addition other regulations intended ensure liquidity ,banks are generally subject to minimum capital requirements based international set standards called Basel Accords .

What was Renaissance Italy like for bankers?

Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit (finance).

How do banks make money with off-premise banking locations?

They tend to have a superior cost-to-transaction ratio than traditional bank locations staffed by personnel.