Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national bank charter, marking a significant milestone in the fintech company’s expansion into the American market. The London-based financial services firm, which serves over 80 million customers globally, is now advancing through remaining regulatory approvals with the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve ahead of its planned 2027 launch.
- Timeline: Planned bank launch in 2027
- Customer Base: Over 80 million customers worldwide
- Proposed Products: Loans, credit cards, FDIC-insured deposits, stablecoins, and cryptocurrencies
- Regional Expansion: Mexico bank launched; applications pending in Brazil, Colombia, Peru, and Argentina
- Global Licenses: Recent approvals in France, Australia, UK; customer target of 100 million by mid-2027
Conditional OCC approval is an important first step towards establishing the proposed Revolut Bank US. It gives us the foundation to build in the world’s largest financial market and bring the full Revolut experience to millions of Americans.
– Nik Storonsky, Founder and CEO, Revolut
The conditional approval represents a critical step in Revolut‘s strategy to become the first truly global bank with integrated banking services across major markets. Once all regulatory approvals are finalized, the company will offer U.S. customers a comprehensive suite of banking and financial products, including FDIC-insured deposits alongside digital assets. The timing aligns with Revolut‘s aggressive international expansion, which has gained momentum throughout 2026 with new banking licenses obtained in France, Australia, and the United Kingdom, plus a payments license in the United Arab Emirates.
Revolut‘s Latin American strategy is already advancing toward the U.S. bank launch, with operations launched in Mexico and regulatory efforts underway across Brazil, Colombia, Peru, and Argentina. The company remains on track to reach 100 million customers globally by the middle of 2027, positioning itself as a major challenger to traditional banking incumbents across multiple continents.
Nik Storonsky, Founder and CEO of Revolut. Source: LinkedIn
