Fintech company Revolut has filed a new application for a U.S. national bank charter as it renews its entry into the North American market, the company’s second attempt to secure a U.S. banking license.
The London-based company said Thursday that it has filed with the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish Revolut Bank US, NA.
The company also appointed fintech veteran Cetin Duransoy as the company’s new US CEO. Duransoy brings over two decades of experience in banking, payments and technology. He previously served as US CEO of fintech marketplace Raisin. Duransoy replaces Sid Jajodia, who will remain with the company as chief global banking officer.
“The United States is a key pillar of our global growth strategy,” Revolut founder and CEO Nick Storonsky said. “The proposal for a national bank charter is an important milestone in our vision to build the world’s first truly global banking platform,” he said.
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US bank charter opens nationwide operations
If approved, the license would allow Revolut to operate under a single federal regulatory framework across all 50 US states. The charter also gives the company direct access to payment systems such as Fedwire and ACH, allows it to offer FDIC-insured deposits and expand into products such as personal loans and credit cards.
Revolut previously sought to secure a US banking license in 2021 through California regulators. That effort stalled and was eventually withdrawn in 2023 after regulatory hurdles and internal control concerns.
Revolut says it currently serves more than 70 million customers worldwide and operates in 40 markets. In November 2025, the company completed a resale of shares that valued the company at $75 billion.
Revolut’s move to apply for a US banking license comes as the company abandons previous plans to acquire a US bank as it expands globally.
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More fintech companies are seeking OCC bank charters
More fintech and crypto companies are seeking US banking licenses through the OCC. In January, Nubank received conditional approval from the regulator to establish a national bank in the United States, while crypto exchange Crypto.com secured similar approval in February.
In December 2025, the OCC also conditionally approved five national bank charter applications for Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos.
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