Overview
- Revolut filed for a U.S. national bank charter in March 2026 and told reporters it expects the bank to begin operating next year with headquarters in Stamford, Connecticut, and an office in New York.
- The company plans to offer FDIC‑insured checking and high-yield deposit products alongside stablecoin access, multi-currency accounts, stock trading, and crypto trading on a single app, according to its newly appointed U.S. CEO.
- Revolut says the U.S. bank will be digital-only with no physical branches and will rely on ATM networks for cash access.
- The move targets retail and business customers who need multi-currency services; Revolut already serves about 75 million customers globally, including roughly 1 million in the U.S., and reported strong revenue and profit last year.
- The charter application comes as U.S. regulators have shown greater openness to fintech and crypto-linked banks, a shift seen in recent approvals and in Kraken’s March Fed master account, which could broaden customers' access to insured banking plus crypto services if regulators agree.