Will an OCC, FDIC Charter Help Varo Money Become the First National Mobile Bank?
Bank Innovation
JULY 25, 2017
Want a national bank that’s mobile-only? Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. So does Varo Money.
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