debank

Verb

debank (third-person singular simple present debanks, present participle debanking, simple past and past participle debanked)

1. (transitive) To deprive a person or organization of banking services, especially for political reasons.
   • Ms Juric said as well as debanking her business, banks had also debanked her personal accounts and the accounts of people she was related to or lived with.2021 September 8, Sarah Danckert, “Bitcoin Babe refused by 91 banks, put on terrorism watchlist, ‘bullied’ by Austrac”, in The Sydney Morning Herald
   • Both of our organizations have had recent run-ins with debanking. The National Committee for Religious Freedom (NCRF)—a nonprofit advocacy group that exists to defend the right of everyone in America to live out their faith freely—opened a JPMorgan Chase checking account last April. A few weeks...2023 March 15, Sam Brownback, Jeremy Tedesco, “Stop the Troubling Trend of Politically Motivated Debanking”, in Newsweek

   Synonyms:

   unbank

2. (ambitransitive) To cease or cause to stop operating as a bank.
   • Oil Company of Texas [was] a company with which the Board had been feuding for two years over its efforts to “debank” its subsidiary bank by purporting to abandon demand deposit-taking.1985, John D. Hawke, Jr., Commentaries on Banking Regulation, →ISBN, page 394
   • After some years in which ING Group received dispensation from the US government it will now start to ‘debank’ (giving back its banking licence) its business in the US.1997, Simon Sijbrands, “The Internationalisation of Dutch Banks: New Beginning and Future Developments”, in Jack Revell, editor, The Recent Evolution of Financial Systems, →ISBN, page 261

   Synonyms:

   unbank