LONDON—Revolut has made its digital banking services debut in the U.S., following months of testing and preparations.
The fintech scaleup, which has 10 million registered users in the U.K. and Europe, said it has “tens of thousands” of U.S. customers already signed up to its platform.
U.S. residents are now able to open a Revolut account on their smartphone and receive a debit card in the mail. All bank accounts will be opened through a partnership with Metropolitan Commercial Bank, while deposits will be FDIC-insured up to $250,000, City A.M. said.
Revolut said it will also take its early salary feature to the U.S., allowing users to get their salary up to two days early via direct deposits.
“As the cost of living increases disproportionately to people’s take home salaries, now more than ever, people need to know exactly what is coming in and out of their account,” said Nik Storonsky, co-founder and chief executive of Revolut.