Revolut has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish its U.S. banking subsidiary, Revolut Bank US, with plans to launch by 2027.
To proceed, the company still needs to secure approvals from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, along with final consent from the OCC. The new bank will offer various financial services including deposit accounts, loans, and cards, as well as access to stablecoins and cryptocurrencies.
