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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."
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Investopedia explains '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.
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