Sezzle applies for an OCC national trust bank charter

AI-assisted source summary · not independently verified. Content standards

Buy now, pay later provider Sezzle has applied to the OCC for a national trust bank charter. If approved, it will provide banking products and services including checking accounts and savings accounts. The application shifts from its previous plan to seek a Utah ILC charter to a federal charter, with reviews by the OCC, Federal Reserve, and FDIC expected to take 12 to 18 months.