{"id":878265,"date":"2025-12-17T23:16:31","date_gmt":"2025-12-18T05:16:31","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/17\/paypal-just-filed-to-become-a-real-bank-heres-why-that-matters-for-small-businesses\/"},"modified":"2025-12-17T23:16:31","modified_gmt":"2025-12-18T05:16:31","slug":"paypal-just-filed-to-become-a-real-bank-heres-why-that-matters-for-small-businesses","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/17\/paypal-just-filed-to-become-a-real-bank-heres-why-that-matters-for-small-businesses\/","title":{"rendered":"PayPal Just Filed to Become a Real Bank\u2014Here’s Why That Matters for Small Businesses"},"content":{"rendered":"
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The payment giant is seeking approval to launch PayPal Bank, which would offer business loans, savings accounts, and FDIC insurance.<\/p>\n

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\n\t\t\t\t\tBy\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\tJonathan Small\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n

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\n\t\t\t\t\t|\t\t\t\t<\/span>
\n\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\tedited by\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\tJessica Thomas\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t<\/span><\/p>\n

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\n\t\t\t\t\t|\t\t\t\t<\/span><\/p>\n

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\n\t\t\t\tDec 17, 2025\t\t\t<\/span>\n\t\t\t<\/p>\n<\/div>\n<\/header>\n

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\n\tThis article is part of the America’s Favorite Mom & Pop Shops series. Read more stories<\/a><\/p>\n

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PayPal wants to cut out the middleman and become the bank itself. The payment company announced it submitted applications to Utah regulators and the FDIC to establish what will be called PayPal Bank<\/a>.<\/p>\n

If approved, PayPal Bank <\/a>would offer small business loans, interest-bearing savings accounts to customers, and FDIC insurance coverage for deposits. The bank would also work directly with Visa and Mastercard to complement its existing payment processing.<\/p>\n

Mara McNeill, former President and CEO of Toyota Financial Savings Bank, has been tapped to lead PayPal\u2019s new bank.<\/p>\n

Read more<\/a><\/p>\n<\/p><\/div>\n

\n

PayPal wants to cut out the middleman and become the bank itself. The payment company announced it submitted applications to Utah regulators and the FDIC to establish what will be called PayPal Bank<\/a>.<\/p>\n

If approved, PayPal Bank <\/a>would offer small business loans, interest-bearing savings accounts to customers, and FDIC insurance coverage for deposits. The bank would also work directly with Visa and Mastercard to complement its existing payment processing.<\/p>\n

Mara McNeill, former President and CEO of Toyota Financial Savings Bank, has been tapped to lead PayPal\u2019s new bank.<\/p>\n

Read more<\/a><\/p>\n

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\n\t\t\t\t\t\t\t\t\t\tThe rest of this article is locked.\n\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\t\tJoin Entrepreneur+<\/span> today for access.\n\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Read More<\/a>
\n Jonathan Small<\/p>\n","protected":false},"excerpt":{"rendered":"

The payment giant is seeking approval to launch PayPal Bank, which would offer business loans, savings accounts, and FDIC insurance. By Jonathan Small | edited by Jessica Thomas | Dec 17, 2025 This article is part of the America’s Favorite Mom & Pop Shops series. Read more stories PayPal wants to cut out the middleman<\/p>\n","protected":false},"author":1,"featured_media":878266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24056,3378],"tags":[],"class_list":["post-878265","post","type-post","status-publish","format-standard","has-post-thumbnail","category-filed","category-paypal"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/878265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=878265"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/878265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/878266"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=878265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=878265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=878265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}