Microsoft Store
 

Banking license


 

A banking license is a prerequisite for a financial institution that wants to provide banking services. Under most jurisdictions the fundamental banking activities, such as taking deposits from the general public are exclusive to holders of a banking license.

Related Topics:
Financial institution - Banking - Deposit

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

However some banking services may be provided without meeting the legal definition of a bank, not holding a banking license. Such an institution is generally referred to as a non-bank.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~