Revolut targets Swiss banking licence with CHF150m investment

The process could take 12 to 18 months

Revolut, the global financial services company serving more than 80 million customers, has applied for a banking licence from Switzerland’s Financial Market Supervisory Authority (FINMA). The application, submitted in September 2026, is backed by a planned investment of 150 million Swiss francs. This move aims to establish Revolut as a fully licensed bank in Switzerland, expanding its regulated financial services in the heart of Europe’s banking sector. The company intends to use the licence to offer core banking products such as savings accounts, loans, and mortgages to Swiss residents. Currently operating under e-money and payment institution licences in various jurisdictions, Revolut seeks to deepen its presence in a market known for financial stability and high-net-worth individuals.

The CHF150m investment will support technology infrastructure, compliance systems, and local hiring to meet FINMA’s stringent requirements. Why Switzerland matters for Revolut’s growth strategy Switzerland represents a strategic gateway for Revolut to attract affluent clients and institutional partners seeking secure, innovative banking solutions. By securing a licence, Revolut can bypass limitations on deposit-taking and interest-bearing products currently restricted under its existing licences. The move also aligns with its broader ambition to become a global primary bank, offering integrated financial services beyond trading and currency exchange. Analysts note that Swiss banking regulations are among the most rigorous globally, meaning approval would signal strong compliance capabilities. Revolut has hired former banking regulators and strengthened its risk management team ahead of the application.

The process could take 12 to 18 months, during which Revolut will continue operating under its current licences while preparing for full banking operations. How will this affect Revolut’s current Swiss users? Existing Revolut users in Switzerland will gain access to new banking features once the licence is granted, including the ability to earn interest on deposits and apply for credit products directly through the app. The company plans to roll out these services gradually, starting with premium and metal tier customers. No immediate changes are expected for users during the application review phase. Revolut emphasizes that customer funds will remain safeguarded throughout the process, with segregation protocols already in place under its current licences. The firm aims to maintain its user-friendly interface while adding regulated banking layers behind the scenes.

How long might it take for FINMA to approve Revolut’s banking licence application?

Feedback from early adopters will shape the final product suite offered under the new licence. Frequently Asked Questions What products will Revolut offer once it receives the Swiss banking licence? Revolut plans to introduce interest-bearing savings accounts, personal loans, and mortgages for Swiss residents. These products will be available through its mobile app, subject to credit approval and regulatory compliance.

How long might it take for FINMA to approve Revolut’s banking licence application? The licensing process in Switzerland typically takes between 12 and 18 months, depending on the completeness of the application and responses to regulatory queries. Revolut has stated it is preparing for a thorough review.

Will current Revolut customers in Switzerland need to take any action to access new banking services? No immediate action is required from users. New banking features will be rolled out automatically to eligible customers once the licence is granted and products are launched, with notifications sent via the app.