Sutton Bank
US · Attica, Ohio · FDIC, Ohio Dept. of Commerce
Sutton Bank is a Bank based in US (Attica, Ohio), regulated by FDIC, Ohio Dept. of Commerce. The institution's BaaS program is currently under regulatory scrutiny, launched in 2011.
Sutton Bank supports the following products and services: Cards, Payments, Accounts. The bank serves customers across US.
Notable fintech partners include Cash App (Square), Marqeta, Upgrade.
- Products Supported
- CardsPaymentsAccounts
- Geographies Served
- US
- Charter / Regulator
- FDIC, Ohio Dept. of Commerce
- API Standards
- REST API, Proprietary
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2011
Cash App (Square), Marqeta, Upgrade
FDIC consent order (Feb 2024) — BSA/AML compliance deficiencies and third-party risk management; must compile inventory of all third-party relationships
Major prepaid/debit card sponsor bank with $2.2B in assets. WARNING: Under active FDIC consent order since February 2024.
Thredd and Sutton Bank Partner to Power U.S. Card Program Expansion
Thredd and Sutton Bank announced a partnership on Jun 17, 2026. Sutton Bank will serve as BIN sponsor for Thredd clients launching and scaling prepaid and debit card programs in the United States. Thredd provides issuer processing, card controls, fraud tools and digital wallet enablement.
Infinant Partners with Sutton Bank to Transform Embedded Finance and Payments
Infinant partnered with Sutton Bank to enhance embedded finance and payment processing via its Interlace Platform. The partnership provides real-time program management, accounts, payments, cards, and automated settlements on a bank-controlled system without requiring core replacement.
FDIC Issues Consent Orders to Piermont Bank and Sutton Bank Over BaaS Failures
The FDIC issued consent orders against Piermont Bank and Sutton Bank for compliance failures related to their BaaS partnerships, particularly around Bank Secrecy Act obligations. Sutton Bank, which partners with fintechs including Robinhood, Square, and Upgrade, was required to collect customer data retroactively back to July 2020. The actions signal intensifying regulatory pressure on sponsor banks operating in the BaaS space.
Monzo Partners with Sutton Bank for US Market Entry
UK digital bank Monzo partnered with FDIC-insured Sutton Bank to offer banking services in the US while pursuing its own charter. The partnership allows Monzo to provide deposit accounts to US customers through Sutton Bank's infrastructure. This reflects a broader trend of fintechs using BaaS partnerships to enter the US market amid regulatory uncertainty over the OCC fintech charter.