Ramp has applied to the U.S. Office of the Comptroller of the Currency for a trust bank charter to establish Ramp National Trust Bank.

According to Bloomberg, fintech company Ramp has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish Ramp National Trust Bank. Ramp announced on the X platform on Monday that it had submitted the application, becoming the latest fintech startup to enter the banking sector. The report did not disclose the trust bank's specific business scope or estimated approval timeline.