Fintech firm Revolut has filed a new application for a U.S. national bank charter as it renews its push into the North American market.
The London-based company said it submitted an application to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish Revolut Bank US, N.A.
“The United States is a key pillar of our global growth strategy,”
Said Revolut founder and chief executive, Nik Storonsky.
Revolut also appointed banking executive Cetin Duransoy as its new U.S. chief executive, replacing Sid Jajodia who will remain with the company as global chief banking officer.
If approved, the national bank charter would allow Revolut to operate under a single federal regulatory framework across all 50 states and offer insured deposits.
The license would also grant direct access to key payment systems including Fedwire and ACH, enabling services such as personal loans and credit cards.
Revolut previously attempted to secure a U.S. banking license in 2021 through California regulators but withdrew the effort in 2023 after regulatory challenges.