Revolut Bank US Gets Conditional Approval from OCC

Revolut Secures Preliminary Approval for U.S. Banking License

Revolut has received conditional approval from U.S. regulators to create its own bank, aiming for a 2027 launch.

Mercation Admin

September 4, 2026 1 min read

Revolut Secures Preliminary Approval for U.S. Banking License

On September 3, the Office of the Comptroller of the Currency (OCC) in the United States granted conditional approval for Revolut's application to establish Revolut Bank US. The company aims to launch this bank by 2027.

However, before it can commence operations, Revolut must obtain permissions from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, in addition to receiving final approval from the OCC. The bank intends to offer deposit accounts, loans, and cards, along with access to stablecoins and cryptocurrencies.