Revolut secured conditional approval from the Office of the Comptroller of the Currency for a U.S. national bank charter, clearing a major regulatory hurdle. The decision arrived in six months—a swift timeline that positions the company to launch Revolut Bank US in the first half of 2027.
The bank will be based in Stamford, Connecticut. Full launch depends on additional approvals from the Federal Deposit Insurance Corporation, the Federal Reserve, and final OCC clearance.
Revolut serves more than 80 million customers globally and reported $6 billion in revenue and $2.3 billion in pre-tax profit during 2025. The company expects to reach 100 million customers by mid-2027 and could pursue a public listing within two years.
Upon full approval, Revolut Bank US will offer checking accounts, loans, credit cards, foreign exchange services, stablecoins and crypto services including Bitcoin. Direct access to FDIC-insured deposits and federal payment infrastructure will let Revolut operate independently rather than relying on partner banks like Lead Bank.
Cetin Duransoy, Revolut U.S. CEO, said the OCC was "diligent and expedient" throughout the process. The six-month timeline contrasts sharply with regulatory setbacks faced by competitors like Wise and Bunq in their U.S. charter efforts. Wise and Bunq each spent years on U.K. operations before hitting roadblocks domestically.
Nik Storonsky, Revolut's founder and CEO, said the conditional approval provides "the foundation to bring the full Revolut experience to millions of Americans."
Revolut now sits in competitive position similar to Nubank, another major digital bank outside China that also received conditional U.S. charter approval this year. The company continues expanding globally, securing banking or payments approvals in France, Australia, the U.K. UAE, Mexico, Brazil, Colombia, Peru and Argentina.
Steve McLaughlin of FT Partners said Revolut could become a "multi-trillion dollar company" over the next 10 to 20 years, citing rapid product expansion and global growth as key drivers.
