Revolut Files Second U.S. National Bank Charter to Launch Nationwide Banking, Payments and Lending

Revolut has submitted a second application to the U.S. Office of the Comptroller of the Currency (OCC) and the FDIC to form “Revolut Bank US, N.A.” The London-based fintech seeks a national bank charter to operate under a single federal framework across all 50 states, gain direct access to payment rails (Fedwire, ACH), offer FDIC-insured deposits and expand into U.S. lending products such as personal loans and credit cards. The filing follows a withdrawn 2021 effort and a stalled 2023 attempt; Revolut now plans to invest about $500 million in the U.S. over 3–5 years and targets 100 million global customers. Leadership changes include Cetin Duransoy as U.S. CEO and Sid Jajodia moving to global chief banking officer. If approved, the charter would reduce reliance on partner banks, speed product development, and allow Revolut to provide broader banking services nationwide. The move sits within a wider 2026 trend of fintech and crypto-related firms seeking OCC charters (examples: Nubank, Crypto.com and several crypto custody firms), signaling growing regulatory pathways for digital-asset and fintech firms to integrate banking services in the U.S. For crypto traders, the application is relevant because expanded banking access for fintechs that serve crypto customers can improve fiat on/off ramps, custody integrations and product offerings that influence liquidity and exchange flows.