charitable banking

Charitable banking refers to financial services and institutions that prioritize social good over profit. These banks typically allocate a portion of their profits to charitable causes, community development, or sustainable initiatives. They may also offer special accounts or loans designed to support nonprofit organizations, social projects, or environmentally friendly ventures. Essentially, charitable banking combines traditional banking functions with a commitment to positive social impact, allowing customers to contribute to societal improvement through their banking activities while still accessing financial services.