Legal Definitions - national association

A national association is a financial establishment that provides services such as deposit, loan, exchange, or issue of money and transmission of funds. It is also known as a national bank and is a member of the Federal Reserve System.

For example, Wells Fargo is a national association that provides banking services to its customers.

Another example is Bank of America, which is also a national association that offers financial services to its clients.

These examples illustrate how national associations are financial institutions that provide various services to their customers, including depositing and withdrawing money, issuing loans, and facilitating the exchange of funds.