Fintech firm Revolut has submitted a fresh application for a US national bank charter as it renews efforts to expand in North America. The London-based company said it filed with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to form “Revolut Bank US, N.A.”
Revolut also named fintech veteran Cetin Duransoy as its new US CEO. Duransoy, who has more than two decades of experience in banking, payments and technology, previously served as US CEO of fintech marketplace Raisin. He replaces Sid Jajodia, who will remain at Revolut as global chief banking officer.
“The United States is a key pillar of our global growth strategy,” Revolut founder and CEO Nik Storonsky said. “Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform.”
If approved, a national charter would let Revolut operate under a single federal regulatory framework across all 50 states. The license would provide direct access to payment systems such as Fedwire and ACH, enable Revolut to offer FDIC-insured deposits and support expansion into products like personal loans and credit cards.
Revolut previously attempted to secure a US banking license in 2021 through California regulators; that effort stalled and was withdrawn in 2023 after regulatory hurdles and internal control concerns. The company says it serves more than 70 million customers in 40 markets and completed a secondary share sale in November 2025 that valued it at $75 billion.
The filing comes as Revolut moves away from earlier plans to acquire an American bank while pursuing global expansion. It also follows a broader trend of fintech and crypto firms seeking OCC charters: Nubank received conditional approval in January, Crypto.com secured a similar nod in February, and in December 2025 the OCC conditionally approved national bank charter applications for Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
