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1) A facility that collects sperm from donors, usually for the purpose of artificial insemination.

2) A loose, promiscuous woman that collects sperm from "donors", usually for the purpose of oral or vaginal consumption. often in large quantities.
That tramp Beth applied for a job at the sperm bank the other day. They turned her down. They said they were afraid she would "gobble up all the profits".
by Ill Bill B Illin' August 31, 2007

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A fun place to go to when you're broke and/or need to get off. They let you borrow their free porn so that you can rub one out into a cup, AND you get paid! Make sure you don't get a magazine that has "water damage"
You get $50 per visit, but the thing is you have to go at least once a week and go through a pretty thorough screening process. And after 20 or so successful ejaculates, you get $60 per visit.

Getting paid to jerk off. What a deal! Sign me up.
by masterbaiter December 13, 2004

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A woman of loose morals, who engages in promiscuous sexual activity.
Oh man...Lucy is your sister-in-law? That chick is a walking sperm bank!
by antraeindubh March 31, 2004

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a females vagina
i made a deposit in her sperm bank.
by sweather catcher August 11, 2010

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Noun: 1. A facility where men can donate their ejaculate. The ejaculate is then used for artificial insemination by women whose husbands are sterile.

2. A very promiscuous girl.
1. "I love spermbanks! They actually pay you to jerk off! And you might get a kid out of it!"

2. "Dude, make sure you wear a rubber with that chick - she's a total spermbank. I hear she's in the triple digits."
by drotic October 06, 2009

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The legal way to buy and sell children. Sperm are living things too, you know.
The only thing worth going to a sperm bank is that they pay you once you released your load.

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