Revolut has applied for a US banking charter and appointed Cetin Duransoy as chief executive of its US business.

The UK‑based digital bank said it has submitted applications to the US Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation for a US national bank charter.

If approved, the new entity will be known as Revolut Bank US, N.A.

Revolut said the filing marks a major milestone in its strategic expansion into North America and supports its ambition to become the world’s first truly global banking platform. The company, which serves around 70 million customers across 40 markets, is targeting the US as a key growth opportunity.

According to the firm, a US national bank charter would provide several strategic advantages, including full ownership of the customer experience, enabling it to build products more quickly and deliver additional value directly to users. The charter would also give Revolut direct access to core US payment rails such as Fedwire and ACH, which it said should improve speed, reliability and costs.

Revolut added that the licence would allow it to operate across all 50 states under federal regulatory oversight, and to offer products such as personal loans and credit cards directly to US customers. The company is expected to invest around $500 million in the US over the next three to five years, covering bank capital requirements, marketing and hiring.

Duransoy has more than two decades of experience in the FinTech and payments industry. He joins from Raisin, where he spent almost three years as chief executive, and previously held senior roles at Fundbox and Visa. He succeeds Sid Jajodia, who will remain at Revolut as global chief banking officer after serving as US chief executive.

“The United States is a key pillar of our global growth strategy. Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform,” said Revolut co‑founder and chief executive Nik Storonsky. “This charter will give us the direct control needed to innovate faster and deliver the Revolut experience to millions more Americans as we move toward our goal of 100 million customers.”

Revolut currently offers a range of payment and money management services, including cross‑border transfers and currency exchange between Revolut users, among other products.

In January, Revolut launched full banking operations in Mexico, becoming the first independent digital bank to secure a Mexican banking licence through direct application.

In the same month, Revolut rolled out its digital banking app in Peru as part of its broader push to grow in Latin American markets.

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