• Mitigation banking is the practice of restoring, creating, enhancing, or preserving off-site wetland areas to provide compensatory mitigation for authorized impacts to wetlands.  Mitigation banking is completed by a third party. This is in contrast to permittee-responsible mitigation, where the permittee compensates for its own impacts either on- or off-site. 
• A permittee desiring to fill a wetland is released of his obligation to produce compensatory wetland functions and can instead purchase them from the entity that has produced and banked credits for this purpose.
• Mitigation banking is the preferred method of compensating for wetland loss; it is now preferred by the USACE and FHA over the in-lieu fee program and permittee-responsible on-site mitigation.

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