Branchless Banking definition

Branchless Banking or “BB” means conduct of banking activities as outlined in the BB Regulations by TMB for Account Holder having a Branchless Banking Account. It does not include the information services already being provided to existing Account Holders using channels like, phone, internet, SMS etc;

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Branchless Banking means the delivery of banking services through retail agents, mobile phones and other channels, as outlined in the Branchless Banking Regulations, as an alternative to physical branches and premises.

Branchless Banking means the provision of banking services or financial services without relying on physical branches;

Examples of Branchless Banking in a sentence

• The services offered by the Bank through the Branchless Banking Channels does not constitute an undertaking by the Bank to provide hardware and software to the Customer.

• The Customer, who/which wants to benefit from the products/services offered through Branchless Banking Channels, is responsible in person to ensure that the prerequisites for the provision of these products/services are met, and to ensure that the account balances are sufficient for transactions that produce monetary results.

• The Customer agrees, declares and undertakes that; the Customer shall inform the Bank about the persons authorized by the Customer to use the Branchless Banking Channels, either being authorized to represent and bind the Customer or not.

• The Bank is obliged to announce the fees that will be charged to the Customer in return for the transactions carried out through Branchless Banking Channels.

• The channel or the channels in question shall be made available to the Customer after this Agreement is signed and the password for the channel or channels (as selected out of the Branchless Banking Channels) is delivered.

• The Bank can stop servicing the Customer by cancelling the password(s) and code(s), on the grounds that the Customer’s account with the Bank is closed, the Customer never uses the Branchless Banking Channels, violates the undertakings in the Agreement, does not pay the due payables to the Bank, the Customer passes away, or any other just cause.

• Branchless Banking Channels can process transactions/services for 24 hours.

• The Customer agrees and declares that; the Bank can freely specify the types and elements of the banking services that will be included to Branchless Banking Channels, can change them any time, and is authorized and entitled to change the hours available for transactions.

• Branchless Banking utilizes cellular telephones, Electronic Data Capture, and/or internet banking that supports financial services by banks through agents.

• ATM: The Branchless Banking Channel where the customer is able to benefit from banking transactions and services offered by the Bank by using electronic machines with Debit and/or Credit Cards, and/or without using a card, either for inquiry purposes or for carrying out transactions.

More Definitions of Branchless Banking

Branchless Banking means the delivery of the banking services through the retail agents, mobile phones and other channels outlined in the Branchless Banking Regulations devised by the State Bank of Pakistan as an alternate to the physical branches and premises.

Branchless Banking means the delivery of banking services through retail agents, mobile phones and other channels outlined in the Branchless Banking Regulations issued by the SBP, as an alternative to physical branches and premises.

Branchless Banking or “BB” means conduct of banking activities as outlined in these regulations by Authorized Financial Institutions for customers having a branchless banking account. It does not include the information services already being provided by various FI`s to their existing customers using channels like, phone, internet, SMS etc;

Branchless Banking or "BB" means conduct of Branchless Banking transactions as outlined by SBP in its Branchless Banking Regulations

Branchless Banking or “BB” means conduct of banking activities by authorized financial institutions for customers having a branchless banking account. It does not include the information services already being provided by various FIs to their existing customers using channels like, phone, internet, SMS etc.

Branchless Banking or “BB” means conduct of banking activities as outlined in these Regulations by Authorized Financial Institutions for customers having a branchless banking account. For the purpose of these Regulations, the terms branchless banking and mobile banking shall be used interchangeably and shall have the same meaning. It does not include the information services already being provided by various FI’s to their existing customers using channels like, phone, internet, SMS etc;