Regent Bank has sent a USD account closure notice to a business linked to Priyo Pay. The notice, dated August 1, 2026, tells a company, based in USA, that its account will close by August 31.

Priyo Pay is a fintech company, not a bank. All its banking services run through Regent Bank, based in Tulsa, Oklahoma, a member of the FDIC. Many Bangladeshi freelancers and owners of US registered businesses hold their dollar accounts with this bank through Priyo Pay.

The notice states that under the terms and conditions the customer agreed to at account opening, the bank reserves the right to close an account at any time. It cites a comprehensive risk review as the reason for the decision. No specific cause for the closure was disclosed.

The letter asks the customer to withdraw the full balance and close the account on their own before August 31. If the customer does not act by that date, the bank will close the account itself and charge a ten dollar fee, or the remaining balance if it is less than that. Any leftover funds will be sent as a cashier’s check to the address on file, which the bank says can take five to seven business days.

The notice also states that once the account closes, no further transactions will be accepted or paid. Every transaction will bounce back marked as account closed. Businesses that depend on this account for client payments or preauthorized debits and credits have been told to arrange alternatives.

Priyo Pay’s own website states that hundreds of thousands of global remote professionals use its service, a large share of them Bangladeshi freelancers and owners of US registered businesses. Neither Priyo Pay nor Regent Bank has confirmed how many accounts received a similar notice.

Priyo Pay has not issued a public statement on the matter.

There is no verified figure for how many users are affected, so I did not use a claim like hundreds of thousands of users at risk since it has not been confirmed by any source.