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Revolut Seeks U.S. Bank Charter to Expand Digital Banking Services
Revolut Seeks U.S. Bank Charter to Expand Digital Banking Services
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BTCCSquare news:
Revolut has formally applied for a U.S. national bank charter with the Office of the Comptroller of the Currency, marking a strategic push into the American market. Approval would grant the London-based fintech direct access to critical payment infrastructure like Fedwire and ACH networks, enabling faster settlements and reduced intermediary dependencies.
The move signals Revolut's ambition to build a borderless digital bank, with U.S. expansion as a cornerstone. Currently operating through a partnership with Lead Bank, the charter would allow Revolut to offer loans and credit cards directly while maintaining FDIC insurance during the application process.
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