Revolut, the global financial leader serving well over 80 million customers worldwide, earned a massive breakthrough on Thursday (August 3) by receiving conditional approval from the US Office of the Comptroller of the Currency (OCC) for its American national bank charter.
The company will now work through remaining applications and approvals with the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve (Fed), and final approval from the OCC as it progresses towards its planned 2027 launch of the proposed bank.
Revolut described the “Conditional US OCC Approval” as a major turning point in its quest to become the world’s first truly global bank.
“Once all approvals are received, Revolut will be able to directly offer US customers a wide range of banking products, including loans, credit cards, and FDIC-insured deposits, as well as access to stablecoins and cryptocurrencies, delivering the full Revolut experience Americans have been waiting for,” the European fintech giant remarked.
Revolut Founder and CEO Nik Storonsky said, “Conditional OCC approval is an important first step towards establishing the proposed Revolut Bank US. It gives us the foundation to build in the world’s largest financial market and bring the full Revolut experience to millions of Americans.”
Revolut US CEO Cetin Duransoy noted, “We’re grateful for the OCC’s open and transparent dialogue throughout this process. They were both diligent and expedient with our application, allowing us to remain on track for a 2027 launch of our proposed national bank.”
The launch of the proposed US bank will build on Revolut’s expanding footprint across the Americas, as the company has been rapidly securing banking licences and launching operations throughout Latin America.
Revolut has recently launched its Mexican bank and is making progress in Brazil, Colombia, Peru, and Argentina, establishing the foundation for a fully integrated financial network across the hemisphere.
Beyond the Americas, Revolut has continued its global push in 2026, obtaining bank licences in France, Australia and the United Kingdom, a payments licence in the UAE, and progressing a bank licence application in South Africa. The company remains on track to reach 100 million customers by mid-2027.