Financial technology company Revolut applied for a U.S. national bank charter with the U.S. Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation.
This bank charter marks a major milestone in the U.K.-based company’s expansion into North America. The U.S. bank will be called Revolut Bank US, N.A.
The U.S. national bank charter will allow Revolut to:
- Build better products faster and provide additional value directly to customers,
- Operate seamlessly across all 50 states under federal regulatory oversight,
- Connect directly to systems like Fedwire and ACH, which will improve speed, reliability, and cost efficiency,
- Directly offer personal loans and credit cards, unlocking net interest margin (NIM) and access to core banking revenues, and
- Offer insured deposits to customers in the United States.
“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,” Revolut Co Founder and CEO Nik Storonsky said.
Also, Revolut named Cetin Duransoy as its U.S. CEO. Duransoy succeeds Sid Jajodia who remains at the company as global chief banking officer.
Duransoy brings over two decades of tech, payments, and finance industry experience to the role. He most recently served as the U.S. CEO of Raisin, a leading fintech marketplace. Prior to his CEO role at Raisin, Duransoy held senior leadership banking and payments roles at Capital One and VISA.
As of March 2026 Revolut operates in 40 global markets, offering a range of payment services including money transfers and currency exchange across borders. Revolut’s goal is to expand into 30 new markets by 2030 and reach 100 million customers by mid 2027. It recently launched banking operations in Mexico, secured payments licenses in India and the UAE, and the opened a new global headquarters in London.