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A chartered bank is a financial institution engaged in the business of providing monetary transactions, such as safeguarding deposits and making loans. Most chartered banks have received their government's permission to operate in the financial services industry.

Financial institutions authorized and regulated by the federal government rather than the state government. They have the word nationalin their name, or the initials N.A. at the end. Supervision is by the Office of the Comptroller of the Currency (OCC) at .

The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.

Definitions of bank charter. a charter authorizing the operation of a bank. type of: charter. a document incorporating an institution and specifying its rights; includes the articles of incorporation and the certificate of incorporation.

The OCC ensures that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.

Chartered banks, sometimes known as commercial banks, are public corporations that are licensed by the federal government to operate a banking business within Canada.

The OCC may encourage or require a bank to terminate its charter if exiting the federal banking system is a viable way to address serious supervisory issues or if the bank encounters significant financial deterioration and is at risk of receivership.