Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter, marking a significant step toward launching Revolut Bank US. The UK-based fintech plans to target a 2027 debut, pending final regulatory clearances, with an initial product suite spanning deposits, lending, payment cards, crypto services, and, over time, stablecoins.
Conditional OCC Approval Sets Stage for U.S. Entry
The conditional green light from the OCC clears a major regulatory hurdle for Revolut, achieved within roughly six months. The approval is not final and typically requires the applicant to satisfy additional conditions before opening, which may include securing deposit insurance, meeting capital and risk-management standards, and completing other interagency processes. If those conditions are met, the charter would allow Revolut to operate a national bank in the United States.
2027 Launch Target and Planned Services
Revolut’s U.S. banking plans include a broad retail and payments offering alongside credit products. The company also intends to provide crypto-related services, with the potential to add stablecoin products at a later stage. Exact product availability will depend on final approvals and applicable regulatory guidance at launch.
Crypto and Stablecoins Within Regulatory Frameworks
Any digital asset services offered by a nationally chartered bank are subject to U.S. banking regulations and supervisory expectations. Banks pursuing crypto or stablecoin activities generally must demonstrate robust compliance, risk controls, and consumer protections, and may need prior supervisory non-objection. Revolut’s roadmap indicates interest in expanding digital asset functionality in the U.S. market, but timing and scope will be guided by regulatory requirements.
What Comes Next
Revolut’s path to launch will involve satisfying the OCC’s conditions and any remaining approvals required for a fully operational U.S. bank. The company’s 2027 target suggests a phased build-out of infrastructure, compliance, and product capabilities ahead of opening. If completed, the expansion would bring another global fintech player into the U.S. banking and digital assets landscape.