chartered bank

American  

noun

Canadian.

1. a private bank operating under authorization by the federal government of Canada.

---

chartered bank British  

noun

1. a privately owned bank that has been incorporated by Parliament to operate in the commercial banking system

---

Example Sentences

Enterprise customers can use SoFi Big Business Banking to hold and transfer funds and settle transactions at SoFi’s nationally chartered bank.

From Barron's • Apr. 3, 2026

The new services combine the “strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time,” Noto added.

From Barron's • Apr. 2, 2026

And in December, the company said it received government approval to convert its BitGo Trust Co. to a federally chartered bank for digital assets.

From MarketWatch • Jan. 22, 2026

He also laid out potential outcomes for the bank, including getting recapitalized as a new independent chartered bank, finding a buyer, or winding down, which he said was "not very likely," the clients said.

From Reuters • Mar. 14, 2023

The notion was simply that of a chartered bank established upon a novel basis and financing upon an original principle.

From A Cursory History of Swearing by Sharman, Julian