Revolut has secured provisional clearance from the US Office of the Comptroller of the Currency (OCC) for a national banking licence in the US.
The fintech group is still completing further regulatory steps, including processes involving the Federal Deposit Insurance Corporation, the Federal Reserve and a final sign-off from the OCC, before a proposed bank launch in 2027.
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If the outstanding approvals are granted, Revolut would be able to provide US customers directly with products such as loans, credit cards and FDIC-insured deposits, alongside stablecoin and cryptocurrency services.
Revolut founder and CEO Nik Storonsky said: “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.”
Revolut US CEO Cetin Duransoy said: “We’re grateful for the OCC’s open and transparent dialogue throughout this process. They were both diligent and expedient with our application, allowing us to remain on track for a 2027 launch of our proposed national bank.”
The planned US bank would extend Revolut’s presence in the Americas.
The company has been obtaining banking permissions and starting operations in several Latin American markets.
Revolut recently introduced its bank in Mexico and said it is continuing regulatory work in Brazil, Colombia, Peru and Argentina.
In other regions, the company said it has expanded its regulatory progress in 2026, gaining banking licences in France, Australia and the UK, securing a payments licence in the UAE, and continuing a banking licence applications in Finland and South Africa.
Revolut said it is aiming to reach 100 million customers by the middle of 2027.
