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- Banking refers to the business of operating a bank1. Banks are financial institutions that provide customers with a variety of valuable services, including the ability to wire money to a person or company, the ability to store money in a checking or savings account, the ability to collect interest on investments, the ability to receive loans, and much more2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Meaning of banking in English banking noun [ U ] uk / ˈbæŋ.kɪŋ / us / ˈbæŋ.kɪŋ / Add to word list B2 the business of operating a bank:dictionary.cambridge.org/dictionary/english/bankingBanking Banks are financial institutions that provide customers with a variety of valuable services, including the ability to wire money to a person or company, the ability to store money in a checking or savings account, the ability to collect interest on investments, the ability to receive loans, and much more.lingua.com/businessenglish/reading/banking/
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