Revolut Secures Conditional U.S. Bank Charter, Paving Way for Crypto Services

Revolut, the UK‑based fintech serving over 80 million customers, has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) for a U.S. national bank charter. The approval, granted within six months, moves the company closer to launching Revolut Bank US, slated for the first half of 2027, pending final clearances from the FDIC, the Federal Reserve, and the OCC.

Planned U.S. Banking Services

Once fully approved, Revolut Bank US intends to offer a suite of traditional banking products, including checking accounts, loans, credit cards, and foreign‑exchange services. The charter would also allow the fintech to provide FDIC‑insured deposits and access federal payment infrastructure, reducing its reliance on partner banks.

Potential Crypto Expansion

Revolut already offers bitcoin and other digital‑asset services in several markets. The new charter could enable the company to integrate stablecoins and broader crypto offerings, such as bitcoin, under a regulated U.S. banking framework.

Industry Context

The rapid approval contrasts with longer regulatory timelines faced by peers such as Wise, Bunq, and Monzo. Analysts note that the move places Revolut alongside other digital banks like Nubank, which also secured a conditional U.S. charter this year, intensifying competition in the U.S. fintech space.

Financial Outlook

Revolut reported $6 billion in revenue for 2025 and aims to reach 100 million customers by mid‑2027. The company’s expansion includes banking operations in Latin America and recent approvals in Europe, Australia, the UK, and the UAE.