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<h2>UK fintech giant Revolut is applying for a US banking license. </h2>
Revolut is going through the Office of the Comptroller of the Currency, marking a major shift from earlier plans to just acquire an American bank. The move is part of a $13 billion global expansion strategy. Revolut plans to execute it over the next five years.
This is Revolut&#x27;s most direct push into the US financial market yet. It&#x27;s operated there with limited capabilities compared to its European operations. &quot;Securing a banking license is crucial for scaling our US operations effectively,&quot; said Sid Jajodia, <a href="https://www.ft.com/content/908e261f-2b78-4798-8aa2-aff2e828d31a" target="_blank" rel="noopener">Revolut&#x27;s US CEO</a>.
Revolut&#x27;s pursuing a banking charter instead of acquiring an existing institution. That path offers more control over operations. But it requires navigating a lengthy regulatory approval process. The OCC supervises national banks. It&#x27;s historically taken a cautious approach to approving new charters. Especially for fintech companies blending technology with traditional banking services.
Revolut reportedly remains optimistic about working with US regulators. It wants speedy approval. Banking license applications can take several months to years. It depends on regulatory scrutiny and the applicant&#x27;s preparedness.
A US banking license would change everything. Revolut could offer a fuller suite of financial services. FDIC-insured deposits. Direct competition with traditional banks and fintech rivals in the American market.
The US application is just one piece. Revolut&#x27;s pursuing regulatory approvals in Colombia, Mexico, Cyprus, and the UK simultaneously. It&#x27;s signaling intent to establish a truly global banking footprint. Not just remain a European fintech player.
The $13 billion investment commitment over five years underscores the scale of its ambitions. That capital will fund regulatory compliance and licensing efforts. Infrastructure development. Talent acquisition. Market-specific product adaptations across multiple jurisdictions.
Revolut&#x27;s pivot from acquisition to application tells a story. The company likely determined that building US banking operations from the ground up offers better long-term strategic value. Better than inheriting legacy systems and potential liabilities of an existing institution.
This approach aligns with a broader trend. Fintech companies are seeking banking charters to enhance regulatory standing. They want to expand service capabilities beyond what third-party banking partnerships typically allow.

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<figure class="wp-block-image size-large"><img width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/01/27120451/Revolut-Seeks-US-Banking-License-in-13B-Expansion_1-375x212.webp 375w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/01/27120451/Revolut-Seeks-US-Banking-License-in-13B-Expansion_1-662x374.webp 662w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/01/27120451/Revolut-Seeks-US-Banking-License-in-13B-Expansion_1.webp 686w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2026/01/27120451/Revolut-Seeks-US-Banking-License-in-13B-Expansion_1-662x374.webp" alt="" class="wp-image-9028"/></figure>


<h2>UK fintech giant Revolut is applying for a US banking license. </h2>
Revolut is going through the Office of the Comptroller of the Currency, marking a major shift from earlier plans to just acquire an American bank. The move is part of a $13 billion global expansion strategy. Revolut plans to execute it over the next five years.
This is Revolut's most direct push into the US financial market yet. It's operated there with limited capabilities compared to its European operations. "Securing a banking license is crucial for scaling our US operations effectively," said Sid Jajodia, <a href="https://www.ft.com/content/908e261f-2b78-4798-8aa2-aff2e828d31a" target="_blank" rel="noopener">Revolut's US CEO</a>.
Revolut's pursuing a banking charter instead of acquiring an existing institution. That path offers more control over operations. But it requires navigating a lengthy regulatory approval process. The OCC supervises national banks. It's historically taken a cautious approach to approving new charters. Especially for fintech companies blending technology with traditional banking services.
Revolut reportedly remains optimistic about working with US regulators. It wants speedy approval. Banking license applications can take several months to years. It depends on regulatory scrutiny and the applicant's preparedness.
A US banking license would change everything. Revolut could offer a fuller suite of financial services. FDIC-insured deposits. Direct competition with traditional banks and fintech rivals in the American market.
The US application is just one piece. Revolut's pursuing regulatory approvals in Colombia, Mexico, Cyprus, and the UK simultaneously. It's signaling intent to establish a truly global banking footprint. Not just remain a European fintech player.
The $13 billion investment commitment over five years underscores the scale of its ambitions. That capital will fund regulatory compliance and licensing efforts. Infrastructure development. Talent acquisition. Market-specific product adaptations across multiple jurisdictions.
Revolut's pivot from acquisition to application tells a story. The company likely determined that building US banking operations from the ground up offers better long-term strategic value. Better than inheriting legacy systems and potential liabilities of an existing institution.
This approach aligns with a broader trend. Fintech companies are seeking banking charters to enhance regulatory standing. They want to expand service capabilities beyond what third-party banking partnerships typically allow.

Revolut Seeks US Banking License in $13B Global Expansion

Revolut applies for US banking license through OCC as part of $13B global expansion. The fintech giant aims to compete directly with American banks.