Mini-Branch

DEFINITION of 'Mini-Branch'

A special type of bank branch that offers only limited products and services to its customers. Mini-branches are usually smaller than conventional branch locations and are often located inside grocery or discount stores. Often, ATMs may be the only thing inside a mini-branch.

Mini-branches are also known as "convenience branches."

BREAKING DOWN 'Mini-Branch'

These branches usually do not take applications for loans or offer other specialized services and focus primarily on deposits and withdrawals. Mini-branches are often located in areas where customers are likely to need these services; hence their alternate name.

RELATED TERMS
  1. Branch Accounting

    An accounting system in which separate accounts are maintained ...
  2. Shell Branch

    A branch location of a U.S. chartered bank located outside the ...
  3. Branch Banking

    Engaging in banking activities such as accepting deposits or ...
  4. Branch Office

    A location, other than the main office, where business is conducted. ...
  5. Foreign Branch Bank

    A type of foreign bank that is obligated to follow the regulations ...
  6. McFadden Act

    Federal legislation that gave individual states the authority ...
Related Articles
  1. Trading Systems & Software

    Broker Summary: Scottrade Online Trading Platform: Customer Support

    Scottrade offers customer support by phone, email, online chat, or in person at one of its 500+ branches. Investors and traders can call their local branches during normal business hours, or ...
  2. Personal Finance

    Why You Should Stick With The Big Banks

    Big doesn't always mean bad. We tell you four reasons why.
  3. Savings

    2015's Top Checking Account Promotions

    Open a checking account in 2015 and the bank could give you a cash bonus. Check out these top offers.
  4. Investing

    The Future Of Mobile Banking (JPM, BAC)

    Typically slow to react to technological change, retail banks are finally recognizing the benefits it provides to consumers as well as the cost savings it gives the firm.
  5. Personal Finance

    The Banking System: Commercial Banking - Operations

    ByStephen D. Simpson, CFA Retail BankingRetail banking is the banking that almost every reader will find most familiar. Retail banking is the business of making consumer loans, mortgages and ...
  6. Savings

    Don't Get Ripped Off at the ATM

    As our dependence on automated teller machines rises, so do those nasty little charges for using them. Here are some tips on bypassing fees.
  7. Economics

    What's a Correspondent Bank?

    A correspondent bank is a bank that acts on behalf of another bank, usually a foreign bank.
  8. Investing

    The Internet Revolution That Has Big Banks Worried

    The banking industry is still in recovery mode after an era of heavy fines and a greatly-increased level of regulatory scrutiny. But the industry is also grappling with major technological shifts ...
  9. Options & Futures

    Insider Selling Isn't Always A Bad Sign

    Predated trades at regular intervals can instill confidence, not fear, for investors.
  10. Investing

    2 High-Growth Regional Banks (HOMB, OZRK)

    Here are two regional banks with the potential for more growth thanks to their acquisition strategies.
RELATED FAQS
  1. Under the Uniform Securities Act, the Administrator of California may examine the ...

    The correct answer is a. The Administrator has jurisdiction over investment advisers, broker-dealers and sales representatives ... Read Answer >>
  2. Can you accidentally engage in insider trading?

    Learn why it's possible to commit insider trading by accident, and why insider trading laws create logical inconsistencies ... Read Answer >>
  3. If I write a blog post about stocks I own, is that considered insider trading?

    Learn about whether writing a blog post about a stock you own is insider trading. Cracking down on inside trading is an important ... Read Answer >>
  4. What are the pros and cons of online checking accounts?

    Learn about the ways an online checking account can save you time and money, but understand the drawbacks before signing ... Read Answer >>
  5. What's the difference between insider trading and insider information?

    Learn about insider information and insider trading and the differences between the two; both involve nonpublic information ... Read Answer >>
  6. Who sets fiscal policy, the president or congress?

    Discover how fiscal policy is set in the United States, including how all three branches of government can affect a given ... Read Answer >>
Hot Definitions
  1. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  2. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  3. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  4. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  5. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  6. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
Trading Center