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.
Banks have sought to distance themselves from their less regulated nonbank rivals. — Katanga Johnson, Fortune, 10 Apr. 2026 Underbanked is when households have an account with a bank or credit union but still use nonbank products for most of their financial needs. — Medora Lee, USA Today, 16 Dec. 2025 The law currently bars public nonbank companies from getting in on the action but still allows private firms to do so. — Julia Shapero, The Hill, 20 Aug. 2025 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

Rhymes for nonbank

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Browse Nearby Words

nonbacterial
nonbank
nonbanking
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Cite this Entry

“Nonbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonbank. Accessed 7 Jul. 2026.

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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
Last Updated: - Updated example sentences
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