A non-bank is a financial services company that does not have a full banking license or falls under the supervision of a banking regulatory agency. Non-banks or non-bank financial institutions offer similar bank services of traditional financial institutions (banks and credit unions). These products include banking services, credit and loans, financial education loans, retirement planning, and investments.

Examples of nonbanks offering bank-like services include fintechs, insurance companies, pawnshops, payday lenders and private lenders.