Credit One Bank Overview
By Imas Kurnia Laela Dewi
Credit One Bank, N.A. , or Credit One, is a U.S. bank specializing in credit cards. It has offices in Las Vegas, Nevada. The Credit One Bank Financial, a bank holding company in Nevada registered owners. Credit One bank Financial is a wholly owned subsidiary of Sherman Financial Group, LLC. Since February 2011, credit one bank services some two million cardholders in the United States.
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Credit One bank activates under a CEBA national bank charter (OCC Charter Number: 20291). This concerns the type of charter bank credit and deposit business functions. The requirements of a change in the Bank Holding Company Act (BHCA) is defined, the Act on Equality Act 1987 competitive banks, hence the term CEBA bank. To be eligible for this type of bank, Credit One bank can connect only in credit card behavior. Banks can not accept deposits or deposits CEBA, the depositor may withdraw by check or similar means for payment to third parties. You can not save or time deposits of less than $ 100,000,000, except as security for loans secured credit card is used. It may not commercial loans to businesses. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC). FDIC certificate number of a credit 25620.