Wells Fargo & Company is opening two techier smaller branches in the D.C. area.
Both new locations one an in-store bank within Safeway will equip the banks' team members with tablets to serve customers throughout the real estate. The new stores will also include Wells' more advanced ATMs that dispense $1 and $5 bills.
The new branch concepts come on the heels of the bank first launching its neighborhood store prototype (sans tellers windows) about a year ago in Washington D.C.
Wells Fargo's traditional stores clock in around 3,000 to 4,000 square feet. The bank's latest neighborhood store is about 2,000 square feet while the in-store unit is 350 square feet.
Banks across the nation are testing out smaller branches as foot traffic declines year after year and customers gravitate toward digital alternatives.