Before offering any financial service to the public,a bank in the United States must have a:

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A charter of incorporation is necessary in order for a bank to operate legally in the United States. This certificate is obtained from state or federal regulatory agencies and outlines the bank's specific purpose, capital requirements, and other important details. While deposit insurance and an established customer base are important for a bank's success, they are not required before offering financial services to the public. A new building is also not necessary, as banks can operate out of leased or rented spaces.

Before Offering Any Financial Service to the Public,a Bank in the United