Revolut says it has received conditional, preliminary approval from the U.S. Office of the Comptroller of the Currency (OCC) as it pursues a U.S. banking charter. The company frames the development as an important step toward establishing “proposed Revolut Bank US,” signaling progress in its plans to operate as a U.S. bank.
Both outlets report the approval is conditional, indicating it does not complete the process on its own. Revolut is still working through regulatory requirements associated with obtaining a U.S. national bank charter, which typically involve meeting specific supervisory and compliance conditions set by the regulator.
While The Block and PYMNTS both emphasize the milestone, their coverage largely aligns on the same core facts: the OCC is involved, the approval is conditional, and Revolut presents it as advancing its goal of becoming a U.S. bank. Neither source provides additional details on the specific conditions or the expected timeline beyond describing the approval as an initial step.
