Key Highlights
- Revolut has officially filed for a U.S. banking license.
- An approval would allow the company to connect directly to Fedwire and ACH payment systems.
- The fintech firm plans to introduce credit cards, personal loans, and additional financial products for U.S. users.
Global fintech company Revolut has announced that it has officially filed an application for a U.S. banking license, marking a major step in its ambition to become a fully integrated global bank.
In a statement shared on social media today, the company said the application represents “a major milestone in our mission to build the world’s first truly global bank.”
Revolut currently offers financial services in the United States through partnerships with regulated banks. However, obtaining its own banking license would allow the company to control more of its financial infrastructure and expand product offerings directly to customers.
What the banking license would change
If regulators approve the license, Revolut said it will be able to significantly expand its capabilities in the U.S. market. It would enable them to own the entire end-to-end banking experience, allowing it to release new features faster without relying heavily on partner banks.
However, customer deposits would continue to be insured by the Federal Deposit Insurance Corporation (FDIC), strengthening trust and regulatory protection for users. Access to U.S. payment rails such as Fedwire and ACH would improve transaction speed, reliability, and cost efficiency.
The company plans to introduce a broader suite of financial products including credit cards and personal loans, expanding beyond its current fintech offerings.
Current status of Revolut in the U.S.
At present, Revolut does not operate as a bank in every country where it offers services, including the United States. Instead, certain banking features are provided through partnerships with regulated institutions.
In the U.S., banking services are currently delivered via Lead Bank, a member of the FDIC.
The company emphasized that product availability varies by region, and the banking license application remains subject to regulatory approval.
Part of global banking ambitions
The move signals Revolut’s continued push to evolve from a fintech platform into a fully licensed global bank capable of offering a wide range of financial services across multiple jurisdictions.
If approved, the U.S. license would place Revolut in direct competition with both traditional banks and digital-first fintech rivals in one of the world’s largest financial markets.
The company said it expects the license to help deliver a “more integrated, secure, and customer-first experience” to U.S. users in the future.
Also Read: Kraken Secures Fed Master Account in Historic First for Crypto Industry
