wank bank noun2 •(slang, vulgar) A sperm bank.Finally, you should send your post to the wank bank, they'd probably classify it as a semen deposit. — 2008 •(slang, vulgar) Synonym of spank bank (“mental stock of images or fantasies brought to mind when masturbating”).Hosing her down made her jeans cling to her labia even more, not to mention the peanuts she smuggled under her shirt when I brushed her tits. That whole bit of business made a deposit in my wank bank. — 2006 formswank banks