Chartered Bank

Dictionary Says

Definition of 'Chartered Bank'

A financial institution whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, and to lend money out. The details vary from country to country, but usually a chartered bank in operation has obtained government permission on some level to do business in the banking sector.
Investopedia Says

Investopedia explains 'Chartered Bank'

Chartered banks provide the core financial intermediary services necessary in today's economy; individuals can easily deposit their funds into various types of accounts within a chartered bank, earning interest on their temporary savings. Chartered banks maintain a float of currency so they can process customers' daily transactions, but they lend out the majority of their deposits to individuals and commercial borrowers in an effort to stimulate economic growth.
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'Chartered Bank'

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    ... being passed over for a bus conductor's job. He joined as a junior executive
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    ... Are They And What They Do.): The Federal Reserve Board of Governors handles complaints
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    ... Essentially, the bank guarantee acts as a safety measure for the opposing ... University
    of Alberta, and is currently working towards a Chartered Financial Analyst ...
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    ... Transactions for $5,000+, if the bank or affiliate knows, suspects or has reason
    to ... The Level I exam for the Chartered Financial Analyst designation can be ...
  • The Banking System: Non-Bank Financial Institutions | Investopedia

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    ... Like banks and S&Ls, credit unions can be chartered at the federal or state ... banks
    operating in the United States, the independent dedicated private bank is all ...
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    ... for the company, and HSBC would apparently rather compete with the likes of Barclays
    (NYSE:BCS) and Standard Chartered than Citigroup or M&T Bank (NYSE:MTB). ...
  • 9 Tips For Safeguarding Your Accounts

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    ... 3: Open an account with a DIF- or SIF-insured bank. ... in Massachusetts that provides
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    ... This is a financial institution chartered by the US government, organized in a
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