Saturday, 8 August, 2026
U.S. Expansion Blocked: Regulator Denies Banking Charter to Dutch Fintech Bunq
By TechShots Studio
The U.S. Office of the Comptroller of the Currency (OCC) rejected Dutch digital bank Bunq’s national bank charter application, citing supervisory and compliance concerns. Regulators flagged unclear U.S. capitalization plans, limited management experience with unsecured credit cards, and profitability doubts. Undeterred, the Amsterdam-based fintech—which already holds a U.S. broker-dealer license—stated it plans to resolve the issues and continue pursuing its U.S. banking presence.