Sezzle Applies for a National Bank Charter to Launch Sezzle Bank
The buy-now-pay-later company says it has applied to the OCC and FDIC for Sezzle Bank, N.A.; approval is not guaranteed and the proposed bank is not yet operating.
MINNEAPOLIS — Sezzle applied on Oct. 22, 2026 to the Office of the Comptroller of the Currency for a national bank charter and to the Federal Deposit Insurance Corporation for deposit insurance for a proposed Sezzle Bank, N.A., according to the company’s announcement.
If approved, the bank would give Sezzle a regulated platform for expanding its financial-services offering beyond its buy-now-pay-later products. The applications do not mean the bank has been chartered, deposits are currently insured, or new banking products are available today.
A charter and deposit-insurance review can cover capital, governance, risk management, consumer compliance, technology and recovery planning. The process is therefore materially different from a product launch announcement, and the agencies’ review will determine whether the proposed institution meets their requirements.
Sezzle has not announced a final approval or operating date. Customers and investors should distinguish the company’s application from an approved bank and rely on future OCC and FDIC actions for the status of the proposed institution.