Sezzle Submits Application to Establish a National Bank
Key Highlights
- ➤Sezzle (SEZL) filed OCC application to establish Sezzle Bank, N.A.
- ➤Sezzle applied to FDIC for deposit insurance alongside national bank charter filing.
- ➤Proposed bank would offer FDIC-insured deposits, checking, savings, and credit products.
- ➤Regulatory approvals are not guaranteed; customers remain with existing lending partners.
Expert Statements
Charlie Youakim, Chief Executive Officer and Executive Chairman of Sezzle
“Applying for a national bank charter reflects our commitment to operating under the highest standards of federal oversight.”
Charlie Youakim, Chief Executive Officer and Executive Chairman of Sezzle
“A charter would allow us to offer a broader set of banking products to people who prefer BNPL and digitally native banking products, with the same federal supervision that applies to every national bank.”
Minneapolis, MN, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Sezzle Inc. (NASDAQ: SEZL) (Sezzle or Company) today announced that it has filed an application with the Office of the Comptroller of the Currency (OCC) to charter a national bank, Sezzle Bank, N.A. and applied to the Federal Deposit Insurance Corporation (FDIC) for deposit insurance.
If approved, Sezzle Bank would offer a broad range of banking products and services, including FDIC-insured deposit accounts, checking and savings accounts, and credit products. Sezzle Bank would focus on digitally native consumers, including those new to credit, and who tend to avoid using more traditional credit products such as credit cards, to provide a choice of lending options.
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