Bitcoin
March 6, 2026
Revolut US banking license pursuit is now official. On March 5, 2026, Revolut filed an application for a U.S. national bank charter with the Office of the Comptroller of the Currency (OCC). If approved, the Revolut bank charter would give it direct access to Fed payment systems, FDIC-insured deposits, and the ability to offer loans and credit cards across all 50 states, turning it from a fintech app into a fully regulated American bank.
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How Revolut’s US Banking License Bid Shapes Its Expansion and Fed Access
What Changes With a Full Bank Charter
Right now, Revolut operates in the U.S. through Lead Bank, a Member FDIC partner, which limits what it can offer and how fast it can move. A full Revolut US banking license would let the company own the entire customer experience, connect directly to Fedwire and ACH for faster and cheaper payments, and also launch lending products that are not currently available to American users.
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What the License Would Unlock for U.S. Customers
Revolut also outlined what a Revolut bank charter approval would mean in practice. The company said customers can expect FDIC-insured deposits, real-time Fedwire and ACH connectivity, and full-scale lending including credit cards and personal loans.
Revolut added:
“We’ll own the end-to-end experience ourselves… Connection to systems like Fedwire and ACH will improve speed, reliability, and cost efficiency.”
Approval Is Not Guaranteed
A filing is not an approval. The OCC review process can take well over a year, and Revolut US expansion through this route still depends on meeting strict capital and compliance requirements. FDIC membership is also a separate regulatory step. The company acknowledged this, noting deposit insurance remains “subject to regulatory approval.”
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