chartered bank

American  

noun

Canadian.

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

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chartered bank British  

noun

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

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Example Sentences

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

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

Each chartered bank is represented in the membership and has one vote.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur