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A slang from the 1920’s, meaning “sorry babe, no kissing/making out now”.

Often said if not appropriate at the moment.
Girl: “babe, wanna make out?”
Guy: “sorry babe, bank’s closed
by ohnoMillie November 1, 2017
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A term used by college students to mean a party has been shut down,
Jessica put the vodka away. Bank’s closed.
by BrittneytheHouse August 24, 2019
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The Bank's Closed.

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When referring to kissing, denying the kiss of it's happening...
*Boy leans in for kiss*

Girl: Sorry, but the bank's closed.
by TheNewJoanRivers December 8, 2010
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