Revolut Seeks U.S. Banking License to Access Fedwire and ACH
Revolut has submitted an application for a U.S. banking license, a step that would allow the firm to function as a traditional bank and obtain direct access to payment rails like Fedwire and ACH. Direct connectivity to these rails could improve settlement speed, reduce reliance on partner banks and give Revolut tighter control over its U.S. treasury and payments operations.
For customers and the wider crypto ecosystem, a U.S. charter could smooth fiat on‑ramps and support faster product rollouts, while also subjecting the company to closer U.S. banking supervision and deposit‑insurance frameworks. Approval is not guaranteed and timelines are uncertain, but the bid signals a positive push to deepen Revolut’s presence in the U.S. market and better integrate fiat and crypto services for American users.