Global Fintech Revolut Files For U.S. Bank Charter, Signaling Major American Expansion / Fresh Today / CUToday.info

WASHINGTON—London-based fintech Revolut is taking a major step toward expanding in the United States, filing for a national bank charter with the Office of the Comptroller of the Currency and FDIC, according to PYMNTS.

The company, which says it serves about 70 million customers globally, also named a new U.S. chief executive as part of the push, signaling it plans to move beyond operating in the American market through partner institutions, PYMNTS reported.

If approved, the application would establish Revolut Bank US, N.A., allowing the firm to operate nationwide under a single federal regulator rather than navigating separate state frameworks. The charter would also provide direct access to core payment systems such as Fedwire and ACH, while enabling Revolut to offer products including personal loans and credit cards and to provide FDIC-insured deposits, PYMNTS reported.

The company also named Cetin Duransoy as U.S. CEO. Duransoy previously led Raisin U.S., a fintech deposit marketplace that built a network of more than 90 bank and credit-union partners, and has held senior roles at Capital One and Visa, according to PYMNTS.

Revolut Co-Founder and CEO Nik Storonsky described the charter filing as a key step in the firm’s long-term expansion strategy.

“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,” Storonsky said, according to PYMNTS. “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.”