Agent Bank

Business, Legal & Accounting Glossary

Definition: Agent Bank


Agent Bank

Quick Summary of Agent Bank


A bank that has been authorized by an individual to act as his/her agent. An agent bank would typically provide services such as back-office operations, processing of credit applications, and verification services.




Examples of Agent Bank in a sentence


You should try and make sure that you have a good relationship with an agent bank that can help you when you need it.

The agent bank was able to conduct the transactions for the original bank which allowed us to proceed with our project today.

My brother ran a technology startup company in the financial sector, and decided that he needed to secure the services of an agent bank to assist him.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/agent-bank/
Modern Language Association (MLA):
Agent Bank. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/agent-bank/.
Chicago Manual of Style (CMS):
Agent Bank. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/agent-bank/ (accessed: December 03, 2021).
American Psychological Association (APA):
Agent Bank. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/agent-bank/

Definition Sources


Definitions for Agent Bank are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th October, 2021 | 0 Views.