Of late, bank the money in it (8)
I believe the answer is:
recently
'of late' is the definition.
(synonyms)
'bank the money in it' is the wordplay.
'bank' becomes 'rely' (to bank on something is to rely on it).
'the money' becomes 'cent' (eg denomination of dollars).
'in it' indicates putting letters inside.
'rely' going around 'cent' is 'RECENTLY'.
(Other definitions for recently that I've seen before include "Of late" , "Adverb meaning not long ago" , "Lately" , "Not so long since" , "In the near past" .)