Sezzle Pursues National Bank Charter to Add FDIC-Insured Deposit Accounts
By PYMNTS
AI summary of the source article
FinTech firm Sezzle announced it has started the formal application process to establish a national bank. The company filed applications with the Office of the Comptroller of the Currency to offer various banking products and services.
Why it matters
The charter would allow Sezzle to "offer a broad range of banking products and services."
Key facts
- Sezzle has begun the formal charter application process to establish a national bank.
- The proposed national bank would offer a broad range of banking products and services.
- Sezzle filed applications with the Office of the Comptroller of the Currency (OCC).
Source excerpt · PYMNTS
FinTech company Sezzle has begun the formal charter application process to establish a national bank that would offer a broad range of banking products and services, the company said in a Thursday (Oct. 22) press release. Sezzle filed applications with the Office of the Comptroller of the Currency (OCC) to charter a national bank, and with the Federal Deposit […] The post Sezzle Pursues National B…