Revolut Still Waiting on US Banking License Six Months Later
Revolut's bid to launch an insured national bank in the US remains stuck in regulatory review.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Revolut applied with the OCC and FDIC on March 4 to establish Revolut Bank US.
- The planned bank would handle deposits, loans, credit cards, and direct Fedwire/ACH connections.
- Six months later, the application remains pending while other bank charter requests move forward.
Six months. That's how long Washington regulators have kept Revolut Bank US hanging. The fintech firm wants to build a full-fledged national bank in the United States, but six months after dropping its charter application with the OCC and FDIC, it's still stuck in pending status.
The company filed its initial paperwork on March 4. Its blueprint for Revolut Bank US covers it all: taking customer deposits, issuing credit cards, lending funds, and hooking up directly to core federal payment rails like Fedwire and ACH.
A slow track for fintech expansion
Getting a national charter isn't fast for anyone, but this delay stands out. Over the exact same six-month window, federal regulators conditionally approved or converted charters for several other institutions. Revolut, meanwhile, is still waiting in line.
Direct access to payment networks would let the company cut out banking intermediaries in the US market, lowering operational costs and speeding up transactions for its user base.
Why it matters
If you use digital finance platforms to bridge cash and crypto, charter approvals matter. Without its own charter, Revolut has to rely on third-party partner banks to process fiat deposits and withdrawals. That reliance creates potential bottlenecks, higher costs, and compliance friction. Direct Fedwire and ACH access would mean faster settlement times and lower fees for users moving money across the ecosystem.
Source: CryptoSlate
Top Crypto Casinos Right Now
🇦🇺 Showing sites that accept players from Australia Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
More info Less info
Why we chose it: One of the widest crypto line-ups of any book we list - seven coins with fast payouts - aimed squarely at Asia and Latin America rather than the US or Western Europe.
- Licence
- Curacao
Restricted countries: Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia and 21 more.
More info Less info
Why we chose it: Built for American bettors, priced accordingly. Biggest welcome bonus of the five, attached to the heaviest rollover of the five.
- Online since
- 1994
- Licence
- Curaçao
- Payout time
- 24–48 hours (crypto)
- Wagering
- 18x sportsbook / 30x casino
- KYC
- Required
Restricted countries: Belgium, Costa Rica, Croatia, Curaçao, Aruba, Sint Maarten, Caribbean Netherlands, France and 11 more.
Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
Related News
HYPE Jumps as Trump Says CFTC Is Working on US Hyperliquid Launch
Bitcoin ETFs Pull In $101M as Ethereum, XRP Streaks Snap
South Korea Is Handing Every Citizen Free, Unlimited AI Access
