Long time customers of a financial institution are provided with priority banking. It includes advanced services such as payment of bills online, consultation on financial matters, free checking, etc. Nowadays, priority banking is offered to new customers of a financial institution as a promotion.

More On This Topic

Link to This Definition
Did you find this definition of PRIORITY BANKING helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary