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# Revolut applies for Swiss banking licence and sets out investment plans
- URL: https://www.theglobalbanker.com/revolut-applied-for-swiss-banking-licence-and-set-out-investment-plans/
- Published: 2026-09-16T11:15:43.000Z
- Updated: 2026-09-30T12:01:18.000Z
- Description: Revolut applied for a Swiss banking licence and announced plans to invest more than CHF150 million over five years, seeking a local banking operation for its more than 1.3 million Swiss customers.
- Author: TGB Editorial Team
- Tags: Regulations, Europe

Revolut said on 16 September that it had submitted an application for a Swiss banking licence to FINMA. The company plans to invest more than CHF150 million in Switzerland over five years. It stressed that the application remains under review and its outcome is open.

Revolut already serves more than 1.3 million customers in Switzerland. They currently use Lithuania-licensed Revolut Bank UAB. That entity maintains a Swiss representative office but does not hold a Swiss banking licence, according to the company.

#### LOCAL BANKING SERVICES REMAIN CONDITIONAL

Approval would support Swiss IBANs, salary accounts, eBill and merchant acquiring. Access to Switzerland’s deposit guarantee scheme would depend on establishing the licensed local bank.

Revolut is also considering Pillar 3a pension and TWINT services.

#### INVESTMENT AND STAFFING PLANS

Switzerland general manager Julian Biegmann told Swiss news agency AWP that Revolut aimed to grow its local workforce, currently about 30 people, to close to 100 by the end of 2027.

FINMA’s licensing decision is the next regulatory milestone. If approval is granted, Revolut plans to migrate existing customers to its Swiss entity and introduce further local services.