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"to bank" is a correct and usable phrase in written English.
It can be used to mean either the literal act of depositing money or a figurative, metaphorical act of storing something away safely for use later. For example: "He put aside money every month to bank for a rainy day" or "She decided to bank her vacation days for a longer trip next year."
Dictionary
to bank
noun
An institution where one can place and borrow money and take care of financial affairs.
Exact(53)
"Everybody wants to bank and sell.
The money went from bank to bank".
It varies from bank to bank.
But that is hard to bank on.
"It's a very expensive way to bank".
"We're definitely going to bank," she said.
Similar(7)
That is what will make us the 'Go-To' bank.
A likely scenario is a bank-to-bank money transfer.
Unlike card payments, bank-to-bank transfers don't expire.
It's going to be a bank-to-bank transfer.
These are bank-to-bank transfers.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com