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]
- ElEctronic Banking: analysis of sErvicEs and consumEr rEactions in nigEria – journal.utem.edu.my [PDF]
- The Name's the Thing: Financial Communication Device, Not Automated Teller Machine – heinonline.org [PDF]
