BancBox tried this with Four Oaks Bank in North Carolina. This is where Four Oaks is now: http://www.plainsite.org/dockets/index.html?id=5178849 http://www.pla

BancBox tried this with Four Oaks Bank in North Carolina. This is where Four Oaks is now: http://www.plainsite.org/dockets/index.html?id=5178849 http://www.plainsite.org/dockets/index.html?id=5178849 BancBox is now applying for a California money transmission license. Bancorp was the path for Simple and WePay, and Clinkle is reportedly talking to them as well after Zions Bancorp pulled out of their agreement (which was probably wise). None of these companies have had any impact on the financial system. It's not an easy thing to pull off.