(2 July 2025 – United States) UK-based money transfer firm Wise has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a nondepositary national trust bank charter, aiming to establish Wise National Trust in Austin, Texas.
If approved, the move would allow Wise to connect directly to Federal Reserve payment systems, eliminating intermediaries and streamlining transfers.
According to the company’s application, “Wise has over 1.8 million active U.S. customers,” with the U.S. market now accounting for 20 percent of global revenue and the dollar making up 48 percent of its cross-border volume.
The application comes as Wise plans to shift its primary stock market listing from London to the United States, further signalling its growing U.S. ambitions.