Revolut, a British financial technology company, has received conditional approval from the Office of the Comptroller of the Currency (OCC), a U.S. federal banking regulator, to establish its own national bank in the United States. The company announced this development on September 3, 2026, following its acquisition of a banking license in France earlier that summer. Revolut plans to launch its U.S. bank as early as 2027, but it still needs final approvals from the Federal Deposit Insurance Corporation (FDIC), which insures deposits, and the Federal Reserve, which oversees the nation's banking system, as well as a final review from the OCC itself. Revolut currently has 80 million customers globally and has partnered with Lead Bank to offer banking services and ensure customer funds are insured up to $250,000 via the FDIC. The company's founder and CEO, Nik Storonsky, called the conditional approval a "solid first step" toward launching Revolut Bank US, highlighting the opportunity to enter the world's largest financial market. Cetin Duransoy, head of Revolut's American subsidiary, praised the OCC for its "rigor and efficiency" in evaluating the company's application. Once all necessary authorizations are obtained, U.S. customers will be able to access Revolut's full range of financial services, including loans, credit cards, FDIC-insured deposits, and access to cryptocurrencies and stablecoins—digital assets designed to maintain a stable value. Revolut has already launched its bank in Mexico and is working to expand its regulatory presence in Brazil, Colombia, Peru, and Argentina, aiming to create a unified financial network across Latin America. In 2026, Revolut secured banking licenses in France, Australia, and the United Kingdom, and obtained a payment license in the United Arab Emirates. The company is also advancing its regulatory case in South Africa. Revolut claims to process over a billion transactions each month and aims to reach 100 million users by mid-2027.