Dutch-based online bank, bunq, has announced its plans to apply for a US banking license.
This move is set to broaden the bank’s global reach and expand its customer base.
The bank intends to offer its services to both individuals and businesses in the United States.
bunq’s Application for a US Banking License
According to a statement released by the bank, bunq is looking to offer a complete suite of banking services in the United States.
The bank’s CEO, Ali Niknam, expressed his excitement at the prospect of entering the US market, describing it as “the most important financial market in the world.”
The application for a banking license is currently pending with the US Office of the Comptroller of the Currency (OCC). If approved, bunq will be able to offer its banking services across the United States.
Expansion Plans
bunq has been expanding rapidly since its launch in 2015.
The online bank currently operates in 30 European countries, and its decision to apply for a US banking license is part of its wider expansion plans.
The bank has been known for its innovative approach to banking and has won several awards for its services.
bunq aims to bring the same level of innovation to the United States by providing a user-friendly and efficient banking experience.
Final Thoughts
bunq’s decision to apply for a US banking license is a significant step for the bank’s expansion plans. The move will allow the bank to broaden its global reach and compete with other online banking giants in the United States.
As the world becomes increasingly digital, online banks like bunq are set to become more prevalent in the financial industry.
bunq’s innovative approach to banking is likely to make it a popular choice for customers in the United States looking for a user-friendly and efficient banking experience.
