Vast Bank Crypto
Discontinued - the US national bank that pioneered in-app crypto trading, then dropped it in early 2024 under OCC consent-order pressure. Archive entry for the banks segment: even a real US bank charter did not make crypto banking stick.
The bitcoin flow
Source note: Was: a US nationally chartered bank (Tulsa, Oklahoma) with in-app crypto trading via Coinbase + SAP partnerships (since February 2021, public launch Aug/Sep 2021) - the first US OCC-national bank to offer in-app crypto buying alongside FDIC-insured banking. The standard Visa debit spent USD; crypto sold in-app first
Verdict
Discontinued - the US national bank that pioneered in-app crypto trading, then dropped it in early 2024 under OCC consent-order pressure. Archive entry for the banks segment: even a real US bank charter did not make crypto banking stick.
Pros
- Was: a US national bank with FDIC-insured accounts and in-app crypto
Cons
- Exited crypto services November 2023
- Card never spent crypto directly (in-app sells first)
Facts
| Card type | Debit · Visa · Physical |
|---|---|
| KYC | Full KYC |
| KYC trigger | - |
| Custody | Custodial |
| BTC load | BTC via in-app conversion |
| BTC sale timing | Not documented |
| Lightning | no |
| Issuance | - |
| Monthly fee | not documented |
| Top-up fee | not documented |
| FX fee | not documented |
| ATM fee | - |
| Cashback | not documented |
| Regions | US |
| Apple Pay | no / unknown |
| Operator | Vast Bank |
Score breakdown
FAQ
Is KYC required for the Vast Bank Crypto?
How does bitcoin get onto the card?
When is my bitcoin sold?
What fees does the Vast Bank Crypto charge?
Which regions does it serve?
Sources
Every claim traces to a source we fetched and dated. Community sources are individual threads, not paid reviews.
- $USBC Executes Definitive Agreement with Uphold and Vast Bank (r/pennystocks)
Vast Bank resurfaces crypto-adjacent on the wholesale side: tokenized bank deposit initiative with USBC and Uphold (Greg Kidd orbit). Not a retail crypto-banking revival - the 2024 retail exit stands.
- r/CryptoCurrency comment: first nationally chartered US bank with in-app crypto (launch)
Launch-era record: 'Vast Bank says that it has become the first nationally chartered U.S. bank that allows you to buy, sell, and hold cryptocurrency assets directly with your bank account... wholly owned by the Biolchini family.'
- r/tulsa comment: local view of Vast's crypto services
'Check out Vast bank in Tulsa. One of the first brick and mortar banks in the country to offer crypto services.' Confirms Tulsa HQ from the local subreddit.
- Vast Bank discontinues crypto mobile app
Banking Dive (Feb 5, 2024): 'Vast Bank disabled and removed its crypto mobile banking application effective Jan. 31... notified its customers that their digital assets would be liquidated and the accounts would be closed... Customers will receive stranded assets via cashier's check.' The move followed an OCC cease-and-desist/consent order from October 2023 (unsafe and unsound practices: capital, strategic planning, custody account controls; required 13% total capital / 10% leverage ratios vs actual 4.75%/2.46%). Vast had launched crypto banking in August 2021.
- Vast Bank in Oklahoma exits the crypto market
American Banker (Feb 2, 2024): 'The $1 billion-asset Vast Bank announced this week that it was disabling and removing the Vast Crypto Mobile Banking platform from both Apple and Google app stores effective Jan. 31, at which time all assets were liquidated and accounts closed.' Bank is in TULSA, Oklahoma; crypto offered via Coinbase + SAP partnerships since February 2021. CEO Tom Biolchini: 'That order is directed towards our crypto-currency play... Vast Bank has made the strategic decision to exit it.' Holding company took a $48M investment agreement from Greg Kidd's Hard Yaka around the order.
- Vast Bank current homepage - no crypto offering (redirects to vast.bank)
Fetched 2026-09-19: vastbank.com redirects to www.vast.bank; the site is a pure FDIC-insured community bank (checking/savings/CDs/loans/Zelle) with zero crypto references - confirms the retail crypto offering is gone.