Revolut Receives Conditional OCC Approval for Full U.S. National Bank Charter
Revolut announced on Sep 3, 2026, that it received conditional approval from the U.S. Office of the Comptroller of the Currency to form a national bank. The company is now working through remaining approvals with the FDIC, the Federal Reserve, and final OCC sign-off.
Revolut plans to launch the proposed bank in 2027. Once fully approved, the bank would offer U.S. customers loans, credit cards, FDIC-insured deposits, and access to stablecoins and cryptocurrencies. The U.S. charter effort sits within a broader global expansion: Revolut has obtained bank licenses in France, Australia, and the UK in 2026, launched a bank in Mexico, and is advancing regulatory efforts across Latin America.
The company, which serves more than 80 million customers worldwide, aims to reach 100 million by mid-2027.
- A full Revolut bank charter would reduce its dependence on BaaS partner banks, disrupting the intermediary model in the U.S.
- Sets a precedent for large international fintechs obtaining full U.S. bank charters, potentially encouraging others like Wise or N26 to follow
- OfficialRevolut — Press Release
- NewsGround News — Oct 2026