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Mini-banks are coming: they will allow you to make deposits, open accounts and fix terms in stores

The elimination of the old regulation will now allow banks to open "Mini-branches" in different storesin which they can offer all the services of a regular headquarters: deposits, money, opening accounts, processing loans, opening fixed terms or a request for insurance.

The resolution was published on Tuesday by the Central Bank and will allow each financial institution to negotiate with enterprises of virtually any region, opening special window for banking proceduresThey will be able to offer almost all the services of a large branch, although there will only be a limit when it comes to making deposits, since only will be allowed up to the equivalent of the vital and mobile minimum wage (today at the level of $ 10,700), for security reasons.

The model is inspired by the activities of this kind of consequences of the banking system, which has been operating for many years in neighboring countries such as Chile, Brazil, Peru and Colombia, and will indicate that sources of monetary regulation facilitate access to banks in small townswhich, as a rule, have large bank branches.

The mechanism will operate from the agreement that each bank will do with each transaction. The subjects will conduct research to assess the economic convenience of the possible opening of this mini-branch and, if promoted, with its introduction, must pay a commission, on free negotiations between both parties, which are usually paid by an open account or a loan provided.

There will be no requirements for exclusivity: each bank will be able to communicate with different enterprises and each transaction can have windows of different banksThe responsibility for the security and operational responsibility of each mini-branch, in any case, will depend on financial institutions.

Since this is a new experience in the country, some things are not yet clear how the new modality will work. It may or may not include a physical space that is different from the one in the trade (another window), and until an ATM appears in the end. Customers will have no additional costs. to work in agencies of this type.

Expanding bank coverage can also mean break with schedule Typical of these services, which range from 10 to 15. Although the Central Bank authorities could not confirm this, the gradual introduction of the new model “will tend” to eliminate this time limit.

Shops, of course, will be required to display two stickers in their stained glass windows. One from the Central Bank and one from each bank that is associated with this transaction. Financial institutions should also publish on their websites each of the authorized bank correspondents.

There is a point that promises disagreements with banking unions. New mini-subsidiaries can be serviced by trade personnel, not by bank employeesThe central sources defended themselves, arguing that “international experience shows that the more points of access to banking services, the more employment in the sector does not decrease, but grows.”

In line with what the Central Bank said, “opening these points of access to the financial system will also improve payment processes for the more than 14 million benefits that Anses holds every month, in many cases in areas that are difficult options for access to the banking system” .

According to official sources, the new scheme can be implemented from next year. Companies at this time of year, as a rule, closed their investment plan for the next year, but the banks have been asking for regulation of this style for some time, so in the medium term it can begin to implement it.

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