Mercury posted about its application to obtain a national bank charter from the Office of the Comptroller of the Currency (OCC). The charter application reflects Mercury’s plan to operate as an OCC-regulated national bank in the United States, which would allow it to expand its financial services and offer a broader set of products under a full banking license. According to the post, Mercury believes a bank charter will help it deliver better, more secure financial infrastructure to startups and businesses by enabling improved deposit protections, regulatory clarity, and more direct control over payment and lending capabilities. The article emphasizes Mercury’s intent to serve its customers with reliable, compliant banking services while supporting innovation. The application process itself involves review by the OCC, which assesses charter proposals based on safety, soundness, compliance frameworks, and public benefit.
Mercury applies for OCC national bank charter to become the bank for builders
