Revolut receives conditional U.S. banking license
Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.
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Approved/passed
- Revolut received a conditional U.S. banking license from the Office of the Comptroller of the Currency.
- The approval could allow the company to lend directly to U.S. customers, issue credit cards and offer insured deposits.
- Revolut aims to open its U.S. bank in 2027 after previously providing services through other banks.
Revolut has received a conditional banking license in the United States, marking its first step toward operating as a full bank there.
The license came from the U.S. Office of the Comptroller of the Currency. Once it advances to full banking operations, Revolut will be able to lend directly to U.S. customers, issue credit cards and offer insured deposits.
The British digital bank aims to open its U.S. bank in 2027. It is working with U.S. government agencies as it prepares for that expansion.
Revolut previously offered services in the United States through other banks.
About this summary
Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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