Revolut Plans to Launch US Bank in 2027 — and It's Betting Big on the American Market

Revolut's new US CEO says the $75bn neobank will launch its American banking operation in 2027, pending regulatory approval. With $500m earmarked for US expansion, the company is preparing to offer FDIC-insured deposits, credit products, and crypto access — while navigating fierce competition from both incumbents and fellow challengers.

Europe's most valuable private company, Revolut — valued at $75 billion — is preparing to launch a fully licensed US bank in 2027, according to its newly appointed US CEO, Cetin Duransoy. The neobank filed for a US banking licence in March 2025, and sources close to the company say it is confident of approval.

Regulatory Green Lights

Revolut is working directly with two key US regulatory bodies — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) — throughout the licensing process. Sources point to two encouraging signals:

Active, cooperative engagement with both regulators
A more permissive regulatory climate under the Trump administration, which has shown greater openness to new banking licence approvals

The planned US bank will be headquartered in Stamford, Connecticut.

What Revolut Will Offer American Customers

Revolut has operated in the US since 2020, currently providing pre-paid cards, multi-currency accounts, and international transfers via partner banks. A banking licence would allow it to go independent — and significantly broaden its product suite.

Duransoy confirmed Revolut intends to roll out:

FDIC-insured deposits
Loans and credit cards
Stablecoins and cryptocurrency access
Services across more than 30 currencies

The US is a credit-driven market, and Revolut sees credit interchange fees as a pathway to offering travel perks and other customer incentives. Duransoy also noted that holding its own licence will allow Revolut to "go to market faster, providing customers with the most up-to-date products and technology."

A $500M Expansion Bet

Revolut already counts over one million retail customers and tens of thousands of business accounts in the US — many of whom first encountered the brand in Europe, Asia, or Latin America. The company has earmarked $500 million for US expansion, covering capital investment, headcount, and marketing.

It employs more than 100 people across offices in New York and the forthcoming Stamford HQ. There will be no physical branches, but customers will have access to ATM networks.

Building Brand Trust

Revolut has been aggressively raising its US profile. Recent moves include offering free New York subway rides to new customers and securing a Formula One sponsorship deal with Audi for the 2026 season.

The challenge, however, is a familiar one for challenger banks crossing the Atlantic: shifting brand perception from scrappy fintech upstart to a name Americans trust with their money — without losing the edge that made it successful elsewhere.

"What we believe, however, is that Revolut offers a genuinely different proposition. For Americans with international ties, frequent travellers, and the underserved, that is a compelling offer that no one else can match at our scale." — Cetin Duransoy, US CEO, Revolut

A Crowded, Unforgiving Market

Revolut's US ambitions come with significant headwinds. Fellow UK challenger Monzo withdrew from the US this year; N26 did the same earlier. The US banking landscape is both fragmented by regulation and dominated by digital-savvy giants:

JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup — all with polished digital products
Well-funded domestic challengers SoFi and Chime
International players Wise, Nubank, and Bunq also making US pushes

Revolut — which finally secured its long-awaited UK banking licence earlier this year — will need its global scale and product depth to differentiate in a market that has humbled more than a few European fintechs.