correspondent bank

  

Definition

A bank that handles the local leg of a business transaction and the associated documents, as an agent of a bank in another city or country. Also called agent bank.

Use correspondent bank in a sentence

  • The correspondent bank was extremely quick to respond, the bank manager I spoke to was more than willing to help.

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  • You may have to get involved with a correspondent bank and you should try to do right by them so that you can do business again in the future.

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  • While Dinero Bank had its headquarters in the heart of Mexico City, it did have a correspondent bank in Tijuana so that it could provide personalized service and data analysis in that part of the country.

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