Revolut Receives Conditional OCC Approval for U.S. National Bank, Targets 2027 Launch Revolut, Europe’s most valuable startup, has received…
Revolut Receives Conditional OCC Approval for U.S. National Bank, Targets 2027 Launch
Revolut, Europe’s most valuable startup, has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank. The company still needs approvals from the FDIC and Federal Reserve, as well as final OCC approval, and plans to launch Revolut Bank US in 2027. Once fully approved, Revolut will be able to directly offer U.S. customers loans, credit cards, FDIC-insured deposits, stablecoins and crypto services. A secondary share sale in July valued the company at about $115 billion.