Revolut plans to offer FDIC-insured checking and high-yield accounts through its proposed U.S. bank, alongside stablecoins, multi-currency deposits and stock and cryptocurrency trading.

The company expects the bank to begin operating in 2027, subject to regulatory approval. Revolut applied for a U.S. national bank charter in March and plans to initially target retail and business customers with international and multi-currency banking needs.

Source: reuters.com