UK fintech giant Revolut has officially filed applications with the US Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) for a national bank charter. The proposed entity, Revolut Bank US, N.A., represents a landmark move for the London-headquartered company, which currently serves over 65 million customers across approximately 40 markets worldwide.

A national bank charter would give Revolut the ability to operate uniformly across all 50 US states under a single federal regulator, with direct connections to core payment rails including Fedwire and ACH. Critically, it would enable the company to offer FDIC deposit insurance to American customers, personal loans, and credit cards — products currently unavailable through its state-level licensing arrangements.

Alongside the charter filing, Revolut announced the appointment of Cetin Duransoy as US CEO. Duransoy previously held senior leadership roles at Capital One and Visa, and succeeds Sid Jajodia, who moves to a newly created Global Chief Banking Officer role. The company has committed to investing $500 million in the US market over the coming years to support the charter application and build new products.

The filing comes after Revolut's valuation surged to $75 billion following a secondary share sale in November 2025, led by Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton, and NVIDIA's venture arm NVentures. The company reported profit before tax of £1.1 billion in its most recent fiscal year and has set an ambitious target of reaching 100 million customers by mid-2027.

"The United States is a key pillar of our global growth strategy," said co-founder and CEO Nik Storonsky. "Filing for a national bank charter is a major milestone toward our vision of building the world's first truly global banking platform."