Revolut has applied for a U.S. national bank charter to enhance its service offerings in the American market. The application, submitted to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, aims to allow Revolut to offer insured deposits directly to customers without relying on partner banks. This move is part of Revolut's strategy to expand its global presence, with the U.S. being a key market. A U.S. banking license would enable Revolut to release products faster and have greater control over its service pipeline. The company plans to introduce personal loans and credit cards and gain direct access to payment networks like ACH and Fedwire, improving transaction speed and reliability. Sid Jajodia, Revolut US chief executive, highlighted the supportive regulatory environment as a factor in the timing of the application. Revolut's growth strategy continues as it awaits a UK banking license, with the U.S. application following delays in the UK process. The company, which serves around half a million retail and small business clients in the U.S., plans to expand its lending services upon securing the charter. Recent regulatory approvals for new banking charters, including those linked to crypto companies, indicate a favorable climate for new entrants.