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Revolut has secured conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a national bank, taking the London-founded fintech a significant step closer to operating as a fully licensed banking institution in the world’s largest financial market.
Revolut moves closer to US banking launch
The proposed Revolut Bank US remains subject to further regulatory approvals, including from the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve, alongside final authorisation from the OCC. Revolut is targeting a launch during 2027.
Building a direct US banking operation
Securing a national bank charter would materially expand Revolut’s ability to serve American customers directly.
Once the necessary approvals are completed, the group plans to offer products including FDIC-insured deposits, loans and credit cards, alongside access to cryptocurrencies and stablecoins.
For Revolut, the licence would represent more than simply another market authorisation. Moving towards its own banking infrastructure reduces dependence on third-party banking relationships and gives the company greater control over product development, customer economics and the underlying payments experience.
Founder and chief executive Nik Storonsky described the OCC decision as an important first step towards establishing Revolut Bank US and extending the company’s broader financial proposition to American customers.
Revolut accelerates global licensing strategy
The US push forms part of an increasingly ambitious international expansion strategy.
Revolut has already launched banking operations in Mexico and is pursuing further regulatory expansion across Brazil, Colombia, Peru and Argentina. During 2026, it has also secured banking licences in France and Australia, launched its UK bank and obtained a payments licence in the UAE.
The company says it remains on course to reach 100 million customers by mid-2027.
That expansion increasingly positions Revolut not merely as a European fintech exporting its app internationally, but as a multinational banking group assembling regulated infrastructure market by market.
The US will be among the most important tests of that strategy. Winning final approval would give Revolut a substantially stronger platform from which to challenge incumbent banks and digital financial services providers across payments, deposits and credit.
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