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Finance & Banking vocabulary · Banks & Institutions

Branch

Meaning in finance & banking, with examples

/bræntʃ/nounCore term

In finance & banking, branch means: One of the local offices of a bank, where customers can open accounts, apply for loans and get help face to face.

In Turkish: şube

How it is used

Used in retail and SME banking. Banks open, close and merge branches; the staff include a branch manager and customer advisers. 'Branch network' means all the branches of a bank, and 'in branch' means at a branch.

Example sentences

  1. You can collect your new card from your local branch.

  2. The bank is closing 50 branches as more customers move to mobile banking.

Common collocations

  • branch manager
  • branch network
  • local branch
  • in branch
  • open a branch
  • retail bankingBanking services for individual customers, such as current accounts, savings, cards, personal loans and mortgages.
  • commercial bankA bank that takes deposits from people and businesses and uses them to make loans and offer payment services.
  • mobile bankingUsing a bank's app on a smartphone or tablet to check balances, make payments, transfer money and use other services.
  • corporate bankingBanking services for large companies, such as loans, cash management, trade finance and foreign exchange.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Banks & Institutions

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This page explains English vocabulary for learners. It is not financial advice.