Popular European banking app Revolut is launching in the US today

Mobile banking app Revolut, which has more than 10 million customers in Europe, is launching today in the US, the company announced.

Like Monzo, a UK-based banking app that made the jump to the US last June, Revolut is entirely app-based and doesn’t operate any brick-and-mortar locations. That means you can sign up for an account and a debit card in just a few minutes right from within the app. That account is insured for up to $250,000 by the FDIC.

Mobile-only banks like Monzo and Starling have been hugely successful in the UK, as has Revolut across Europe. Monzo has taken a slow approach to its US launch, rolling out gradually across the US, but Revolut is available for everyone in the US starting today.

Revolut itself...

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