Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank, targeting a 2027 launch. The bank will offer loans, credit cards, FDIC-insured deposits, and support stablecoin and crypto services. It still needs approval from the FDIC and Federal Reserve, plus final OCC clearance. With over 80 million global customers, Revolut recently secured banking licenses in Mexico, France, Australia, and the UK, and is seeking permits in Brazil, Colombia, and South Africa.
Revolut has won conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up a national bank, and it plans to roll out those services in 2027. The bank is expected to offer loans, credit cards, and FDIC-insured deposits, while also backing stablecoins and cryptocurrency operations.
But the company is not done yet. It still needs approval from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, plus final authorization from the OCC. Right now, Revolut serves more than 80 million customers worldwide.
Over the past few months, Revolut has picked up banking licenses in Mexico, France, Australia, and the UK. And it is still chasing permits in Latin American markets including Brazil and Colombia, along with South Africa, as it pushes further with its global banking expansion.
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