bank
Definition
An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.
 Cite this definition
Related Terms
account, member bank, check, money order, certified check, brokered CD, credit, commercial credit, cashier's check, central bank, commercial bank, commercial paper, depository, Glass-Steagall Act, institution, savings and loan, credit union, brokerage, investment bank, LIBOR, money center bank, mortgage banking, National Bank, passbook, PIN, regional bank, state bank, World Bank, mutual savings bank
Related Research Articles from the InvestorGuide.com University
Online Banking
How can you find the best online bank for you? Within the last decade, online banking has exploded in popularity, and revolutionized the industry, but some banks offer better services than others. Here we look at some things you should consider when you choose an online bank, including account access, security, online bill paying, account aggregation and fees.
Choosing a Bank
Learn how to choose the best bank for you. Compare features like interest rates, convenience, FDIC membership, size, and minimum deposit. Compare services like direct deposit, ATMs, online banking, credit cards and debit cards.
Types of Accounts
Find out about the different types of bank accounts that are available, including savings accounts, checking accounts, money market deposit accounts (MMDAs) and certificates of deposit (CDs).
Featured Sponsor
|
|
|
