system
A chat on /r/wallstreetbets
human
Wait, does **any** brokerage have their banking charter? Why on earth would they do that? They can just partner with one, or any number of, banks and keep their money there. Then partner with a bank directly to issue a debit card. I have no idea what they were thinking applying for a charter. Nobody does this at their stage.

gpt
Yes, lots of brokerage firms have a charter.