Revolut has applied to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation for a national bank charter in the US.  

The proposed entity will operate as Revolut Bank US, N.A. 

If approved, the charter would allow Revolut to operate across all 50 states under federal regulation, offer insured deposits directly to U.S. customers, and connect with payment systems such as Fedwire and ACH.  

It would also enable the company to provide loans and credit cards and manage its customer experience without relying on partner banks. 

Cetin Duransoy has been appointed as the new US CEO for Revolut, succeeding Sid Jajodia who remains with the company as global chief banking officer.  

Duransoy previously served as US CEO at Raisin, a fintech firm, and has held senior roles at Capital One and Visa. 

Revolut currently operates in 40 markets worldwide, providing payment services including money transfers and currency exchange. 

The application for a US bank charter follows recent steps such as launching banking operations in Mexico, acquiring payments licences in India and the UAE, and opening a new global headquarters in London. 

The company completed a secondary share sale in November 2025 that valued Revolut at $75bn.  

Revolut has stated plans to expand into 30 new markets by 2030 and reach 100 million users by mid-2027. 

Revolut co-founder and CEO Nik Storonsky said: “The United States is a key pillar of our global growth strategy. Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform. This charter will give us the direct control needed to innovate faster and deliver the Revolut experience to millions more Americans as we move toward our goal of 100 million customers.”