FinTech Revolut has applied to the US Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation for a US national bank charter.

The entity, to be called Revolut Bank US, N.A., would give Revolut nationwide reach – across all 50 states – under one regulatory framework.

It would also give it direct access to payment rails like Fedwire and ACH, and allow it to directly offer personal loans and credit cards, as well as insured deposits, to customers in the US.