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 – [PDF]
  • ElEctronic Banking: analysis of sErvicEs and consumEr rEactions in nigEria – [PDF]
  • The Name's the Thing: Financial Communication Device, Not Automated Teller Machine – [PDF]