Overview
- Revolut submitted applications to the OCC and FDIC for a national charter to operate as Revolut Bank US, N.A.
- The company plans to invest $500 million in the United States over three to five years for bank capital, marketing, and hiring.
- A charter would enable direct access to Fedwire and ACH, permit FDIC‑insured deposits up to $250,000, and support products such as personal loans and credit cards.
- Revolut currently serves U.S. customers through Lead Bank in Kansas City and reports roughly 1–1.2 million users in the market out of about 70 million globally.
- This filing renews a U.S. bid withdrawn in 2023 and follows the decision in January to drop a bank acquisition plan in favor of a de novo charter.