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.

Use bank in a sentence

George had to run to the bank to cash his checks and take money out of his money market savings account.

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I went to the bank because I got my check from the place I worked at wanted to cash it as soon as possible.

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When people receive a check, they can go to the bank to cash it and get their money for the amount written on the check.

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bancassurance immediate credit