Revolut receives conditional approval for US banking license from OCC
The Office of the Comptroller of the Currency has granted Revolut a conditional license to operate as a full bank in the United States.
Fintech giant Revolut has been issued a conditional approval for its United States banking license. The US Office of the Comptroller of the Currency (OCC) confirmed the decision, allowing the company to seek authority to function as a fully fledged bank across the American market. This is a significant milestone in Revolut's regulatory journey, marking the completion of the first major hurdle required to obtain its operating charter. The OCC stated that while approval has been granted, specific conditions remain attached to the license before full operation can begin. Sources indicate that the company must now address these outstanding requirements to finalize its status as a bank.
