universal bank Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “universal bank” in the English Dictionary

"universal bank" in Business English

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universal banknoun [C]

uk   us   BANKING
a ​bank that ​offers a ​fullrange of currentaccounts, savingsaccounts, etc., as well as ​investmentadvice and ​products: The ​government is ​ready to make ​concessions to high street ​lenders to ​secure their ​backing for a ​universalbank which will ​operate throughout the Post Office's 18,000 ​branches.
(Definition of universal bank from the Cambridge Business English Dictionary © Cambridge University Press)
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