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chartered bank

American

noun

Canadian.

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

chartered bank British

noun

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

Since federation no chartered bank has been compelled to liquidate without paying its note-holders in full.

From Encyclopaedia Britannica, 11th Edition, Volume 5, Slice 2 "Camorra" to "Cape Colony" by Various

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023