A bank is a financial institution which is chartered and regulated to hold customer deposit.

A bank has deposit insurance backed by a central bank.

Banks are required to perform KYC, CTF, AML checks on financial transactions and account holders.


  1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’.
  2. Binder, Carola. 2021. ‘Technopopulism and Central Banks’. SSRN Electronic Journal.
  3. Braun, Benjamin, and Daniela Gabor. 2019. ‘Central Banking, Shadow Banking, and Infrastructural Power’.