The banking sector has undergone remarkable transformations over the decades, enhancing its reliability and accessibility. Innovations such as ATM services, internet banking, and mobile applications have significantly altered the landscape, providing customers with unprecedented convenience. However, the latest frontier in banking evolution lies within the Metaverse, where virtual reality (VR) technologies are revolutionizing the way financial services are accessed and delivered. This study aims to delve into the challenges, opportunities, and transformative potential of Metaverse banking through an extensive literature review. By analyzing international and national research papers published in reputable journals, we seek to provide a comprehensive understanding of this emerging phenomenon. The research employs a descriptive analysis approach to delineate the current state of Metaverse banking and identify avenues for future exploration. The findings of this study shed light on the scope of Metaverse banking, elucidating its implications for both financial institutions and consumers. By synthesizing existing knowledge, we aim to offer insights into the intricacies of this nascent field and stimulate further research endeavors. As the Metaverse continues to shape the digital landscape, understanding its implications for banking is imperative for industry stakeholders and researchers alike.