Sezzle applies to establish a national bank, joining BNPL peers seeking bank charters

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Sezzle has applied to the Office of the Comptroller of the Currency to establish a national bank named Sezzle Bank N.A., and to the Federal Deposit Insurance Corp. for deposit insurance. If approved, the bank will offer FDIC-insured deposit accounts, checking and savings accounts, and credit products; Affirm and Klarna have also applied to establish banks.