Revolut files for Swiss banking licence with FINMA review under way
Published · Updated
What happened
Revolut disclosed that it has submitted a Swiss banking licence application, with FINMA now reviewing the file, and said it plans to invest more than CHF 150 million in Switzerland.
Why it matters
A licence review for a large foreign neobank can change the competitive structure of Swiss retail banking by opening a path to protected domestic deposits, salary accounts and broader lending or savings products. The application also puts supervisory focus on governance, capital, anti-money-laundering controls and operational resilience before any market entry under a Swiss banking perimeter.
Revolut said on 16 September 2026 that it has applied for a Swiss banking licence and that FINMA is examining the request. The company also said it plans to invest more than CHF 150 million in Switzerland. The filing would move Revolut beyond its current payments and card foothold toward domestic deposit-taking and Swiss-IBAN current accounts if approved.
Watch for
FINMA acknowledgement on or after 2026-09-17 of the procedural stage of Revolut's Swiss banking licence file Revolut publication on or after 2026-09-17 naming the intended Swiss legal entity, product scope or target launch sequence for Swiss-IBAN accounts SIX Interbank Clearing or a partner bank disclosure on or after 2026-09-17 indicating Swiss-IBAN or domestic payment-rail preparations tied to Revolut Swiss Bankers Association statement on or after 2026-09-17 addressing competitive or supervisory implications of Revolut's licence application
Sources
- Revolut applies for Swiss banking licence · revolut.com
- Handelszeitung · handelszeitung.ch
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