Revolut is close to applying for U.S. banking license
Revolut, the biggest European digital bank with 13 million users, is close to applying for a banking license in the U.S., CNBC reports.
The London-based fintech firm plans on applying for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks.
Even though Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout the U.S. via interstate agreements.
