nonbank

noun

non·​bank ˌnän-ˈbaŋk How to pronounce nonbank (audio)
often attributive
: a business that is not an officially established bank but offers many similar services

Examples of nonbank in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Passed in July 2025, the GENIUS Act provided a federal framework that specifically defines payment stablecoins and outlines how financial institutions, credit unions and nonbanks can use them. Daniel Webber, Forbes.com, 29 June 2026 Treasury itself uses the same method to transfer funds — as do a growing number of nonbanks, which banks have warned could also expose the systems to risk. Eleanor Mueller, semafor.com, 26 June 2026 Banks have sought to distance themselves from their less regulated nonbank rivals. Katanga Johnson, Fortune, 10 Apr. 2026 Private credit, also known as direct lending, is a catch-all term for lending done by nonbank institutions. Hugh Son, CNBC, 23 Jan. 2026 See All Example Sentences for nonbank

Word History

First Known Use

1935, in the meaning defined above

Time Traveler
The first known use of nonbank was in 1935

Browse Nearby Words

Cite this Entry

“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 2 Jul. 2026.

Legal Definition

nonbank

adjective
non·​bank
ˌnän-ˈbaŋk
: being, done by, or involving some entity other than a bank
nonbank lenders
a nonbank depositor
nonbanking adjective
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

More from Merriam-Webster