nonbanking

adjective

non·​bank·​ing ˌnän-ˈbaŋ-kiŋ 

: not of, relating to, or being a bank or banking: such as

a

: not licensed as a bank but providing some of the financial services (such as loans or money transfers) that are usually offered by banks

Socks and stocks is the nickname for nonbanking companies like Sears that offer financial services.

—Time Magazine

b

: not being or relating to the usual business of a bank or banker

… offered banks … an opportunity to expand into many nonbanking activities.

—Tyrone Black and Donnie Daniel

Examples of nonbanking in a Sentence

Recent Examples on the Web

Imagine the difficulty of starting a business in the nonbanking credit activity known as fintech—consumer or business lending using the internet. —Peter J. Wallison, WSJ, 6 Dec. 2017

Word History

First Known Use

1940, in the meaning defined above