Revolut has filed for a Swiss banking licence. The application is with FINMA. Revolut says it already has 1.3 million customers in Switzerland — penetration ~24%. Subject to approval: Swiss IBANs, salary accounts, eBill, merchant acquiring, Swiss deposit protection. Pillar 3a and TWINT “under consideration.” The company says it will put CHF 150m+ into the country over five years. Julian Biegmann, General Manager Switzerland, says “Applying for a local licence is the logical next step.” Nothing changes for customers until FINMA writes yes. Cash still sits with Revolut Bank UAB in Lithuania. PostFinance provides CH IBANs for Revolut today. Background: Revolut set up NewCo in Zurich in late 2025, hiring legal and treasury; a UK full licence was required conditionally in March. Nik Storonsky had said other supervisors were waiting on that. France and Australia already have full banks this year. A FINMA bank file commonly runs a year or more. Older Swiss coverage had Revolut aiming to be “the main bank of the Swiss”; spokesman Felix Spies, before the filing: “We are looking at the Swiss market very closely.” An application is not a licence. Until Bern says otherwise, Swiss users remain on Vilnius, but the signal is that Revolut has met the basic conditions for filing.