Revolut receives conditional approval for US national bank charter

UK fintech firm Revolut has received conditional approval from the Office of the Comptroller of the Currency (OCC) for a US national bank charter. The company plans to launch US banking operations in Stamford, Connecticut, by the first half of 2027 with a $95 million capital injection. Planned services include checking accounts, loans, credit cards, foreign exchange, and a potential stablecoin. The firm still requires final approval from the FDIC and the Federal Reserve.