The phrase "alternative bank" is correct and usable in written English.
It can be used to refer to a financial institution that offers different services or operates outside of traditional banking systems, often focusing on ethical or sustainable practices.
Example: "Many people are choosing to open accounts with an alternative bank that prioritizes environmental sustainability and community investment."
Alternatives: "ethical bank" or "community bank".
Faisel Rahman wants to provide an alternative bank by launching what he calls "the worst possible savings account on the market".
However, in the pursuit of providing an alternative bank Rahman has put his finger on how we all want our banks to work.
President Obama, at Geithner's instigation, recently proposed an alternative bank tax, in which big banks that greatly expanded their balance sheets would pay more.
Last year, the industry was forced to agree to a "protocol" that requires them to publish impact statements with information about counter usage, regular customers and location of the nearest alternative bank, cash machine and Post Office.
Last year, the banking industry agreed to a protocol requiring it to publish impact statements with information on counter usage, regular customers and the location of the nearest alternative bank, cash machine and post office.
The letter, signed by more than 100 people, was sent to Simmonds after Barclays notified 75% of its money service businesses (MSBs) to find an alternative bank by 10 July.
As an alternative, banks will be encouraged to use their own in-house credit ratings.
The big banks have backed off those plans, but many consumers remained outraged and vowed to find alternative banks.
For nearly four years, she's led a weekly working group on alternative banking and social justice at Columbia University.
"Barclays has given Dahabshiil a short extension, during which time we hope it can finalise alternative banking services.
Mr. Ross was also a member of the alternative banking working group established by Occupy's General Assembly.
