Revolut achieves conditional OCC approval for US national bank status
What's happening
Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency to form a national bank, moving it closer to launching a full-service Revolut Bank US. CEO and founder Nik Storonsky announced the development on LinkedIn, framing the approval as a major step toward establishing U.S. banking operations. Coverage describes the permission as provisional or preliminary conditional approval, and notes the charter would enable expanded payment access, faster rails and deeper stablecoin offerings. The milestone follows Revolut's earlier shifts in U.S. plans this year.
Why it's trending
Because Revolut's conditional OCC approval materially advances its long‑running push to operate as a regulated U.S. bank and unlock new payment and crypto capabilities.
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Getting a conditional OCC charter is not the finish line for Revolut, it's the moment scrutiny really begins for its U.S. ambitions and crypto plans.
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Original sources9
- MoneyLion alums take OpenReserve ‘out of stealth’
Couched as a home for “continuous” banking, the company received conditional approval for a national banking license from the OCC.
Banking DiveSep 4 - Revolut nabs conditional OCC charter
The neobank has long eyed a U.S. banking charter, seeing it as “a seat at the table” with regulators.
Banking DiveSep 4 - Why Revolut’s US charter bid means payment independence
Revolut’s proposed US bank would aid payment access, speed and a deeper stablecoin offering. Revolut has taken its first step toward operating as a bank in the US, securing conditional approval from the Office of the Comptroller of the Currency (OCC). A banking licence would allow the fintech to offer a range of products to […]
Payment ExpertSep 4
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