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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The service, dubbed SoFi Big Business Banking, will allow enterprise customers to hold deposits, transfer funds, and settle transactions within SoFi’s nationally chartered bank.

From Barron's • Apr. 2, 2026

In the fourth quarter of 2025, SoFi became the first nationally chartered bank to launch consumer crypto trading and its own stablecoin on a public blockchain.

From Barron's • Feb. 9, 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 nation has found a paper of its own quite as effective as that which is doled out by the chartered bank.

From Blackwood's Edinburgh Magazine, Volume 62, Number 361, November, 1845. by Various

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