What Is A Bank Charter. A chartered bank makes the bulk of its revenues by investing and earning interest on the money that people deposit with it. For instance, what are you going to call your bank?
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These include both federal and state legal charters.
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All national banks, and some state-chartered banks, are members of the Federal Reserve System. Charter definition, a document, issued by a sovereign or state, outlining the conditions under which a corporation, colony, city, or other corporate body is organized, and defining to establish by charter: to charter a bank. to lease or hire for exclusive use: The company will charter six buses for the picnic. As a part of this endeavour, we are pleased to present the Chartered Accountant Current Account that provides tailor made banking solutions to Chartered.
