Revolut files second U.S. national bank charter application, appoints new CEO, and plans nationwide banking services under federal oversight.
Fintech company Revolut filed a new application for a United States national bank charter. The move marks its second attempt to secure a banking license. Furthermore, the company wants to expand services throughout the North American market and consolidate its global banking ambitions
Revolut Submits U.S. Bank Charter Application to Federal Regulators
The London-based company applied to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation. The filing is for approval to create “Revolut Bank US, N.A.” Consequently, the platform was allowed to use a single federal system in all 50 states.
Today, we officially filed our application for a U.S. banking license.
This is a major milestone in our mission to build the world’s first truly global bank.
— Revolut (@Revolut) March 5, 2026
This step is a huge milestone in Revolut’s expansion strategy. The company aims to create a 100% global digital banking platform. Additionally, it aims at outstanding growth in the United States financial market in the next few years.
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Revolut co-founder and CEO Nik Storonsky said the United States was central to the company’s domestic and international growth plans. He said that the banking charter would enable the firm to be more innovative more quickly.
Fintech company is now looking to reach 100 million global customers. As part of the expansion plan, Revolut aims to achieve greater control over its products and shorter innovation cycles. Consequently, the charter may help the company to compete with the traditional banking institutions.
Revolut also announced leadership changes to help with its expansion in the US. Fintech executive Cetin Duransoy has been named the new United States CEO. Meanwhile, former US CEO Sid Jajodia will stay at the company as global chief banking officer.
Duransoy has over 20 years of banking and financial technology experience. Previously, he led companies at Visa and fintech platform Raisin. Therefore, the company anticipates very strong operational leadership in the American expansion phase of its business.
Banking License Could Unlock Nationwide Services and Lending Products
If regulators sign off on the charter, Revolut will benefit from a number of strategic advantages. First of all, the company will have direct control over the entire banking process for the customer. As a result, it will be able to develop products at a faster pace and provide better services without the need to partner with banks.
Second, the license would authorize nationwide operations under one federal regulatory structure. Therefore, Revolut could efficiently offer services across the 50 states.
The charter would also allow direct access to payment systems such as Fedwire and ACH. These networks process large volumes of banking transactions on a daily basis. Therefore, the direct connectivity has the potential of improving payment speed, reliability, and operational efficiency.
Additionally, Revolut plans to provide full-scale lending products in the United States. These services may involve personal loans and credit cards for consumers.
Customers would also be provided with the deposit insurance protection via the FDIC system. Approved accounts could be insured for deposits up to $250,000. Therefore, the structure would offer more secure financial security for the American users.
The company has plans to invest some $500 million into the United States market. This investment will cover hiring, technology development, and marketing for the next 3 to 5 years.
The application follows a larger industry trend in 2026. Several fintech and digital finance companies are seeking United States regulatory licenses. Revolut was subsequently worth around $75 billion during the November 2025 funding talks.
