Hi Karen
Bank is basically a reserve physio / assistant etc. Given the climate in the UK all soon-to-be physios should expect this type of position to be more and more common (unfortunate but true).
Essentially, you are on the 'bank list' and they call you in as and when they need you. You will agree available times and set maximum hours. It is usually good as a student but never let them book you in when you should be at college!!
Hope this helped a little.