Revolut Business Account Review [2025]: Pros, Cons & What To Use Instead

Revolut Business is designed for businesses operating online, making frequent international transfers, or managing multiple users across teams. Their clean mobile experience, strong security reputation, and generous card issuing limits are quite good. That said, many advanced features, like bulk transfers, FX forwards, or API access, are locked behind higher-tier plans, and there’s no free option to try it first.

In terms of account setup, their onboarding is fast and fully online, with clear requirements and a structured, 15-minute registration process.

Overall, Revolut Business is one of the "better" options for digital-first SMEs that need to make cross-border payments or team expenses. If you are just starting out, it should cover everything you need. If you are expanding to Asia, on the other hand, then it may be worth exploring alternatives like Statrys instead.

Key Highlights

• Multi-currency account supporting up to 34 currencies, including GBP, EUR, USD, SGD, ZAR, and more.
• Interbank FX rates with plan-based monthly allowances.
• Send payment links via email, SMS, QR code, or invoice and accept card payments, Apple Pay, Google Pay, or bank transfer.
• Integrations with accounting software like Xero, QuickBooks, and FreeAgent, as well as ecommerce plugins for platforms like Shopify, OpenCart, and WooCommerce.
• Other services include payment plugins, card readers for accepting in-person payments, a business API, savings accounts with interest, and crypto exchange access.

Revolut Business is a digital-first account designed for companies dealing with international payments and team spending. It supports up to 34 currencies and lets you exchange at interbank rates, with a monthly allowance that depends on your plan. You also get local account details for GBP (sort code and account number) and EUR (IBAN), while other currencies rely on SWIFT.

The platform also offers expense management features, including assigning roles, setting spending controls, and tracking team spending in real time. You can integrate with accounting software like Xero, QuickBooks, and FreeAgent, and use plugins for ecommerce platforms like Shopify and OpenCart to accept payments online. Some features, like bulk transfers and Business API access, are only available on certain plans.

The account comes in four plans: Basic, Grow, Scale, and a customisable Enterprise tier. There is no free option. 

The Basic plan is a good starting point for small businesses just getting off the ground, with essential features like multi-currency support and ATM withdrawals. However, its tight limits, such as the £1,000 monthly allowance for interbank currency exchange rates and just 10 fee-free local transfers, might quickly become restrictive if your business starts handling larger volumes or needs more flexibility. It's certainly a cost-effective entry point, but as your business grows, you’ll likely want to upgrade to a higher-tier plan to access better allowances and additional features, especially if you deal with regular international transfers or need more advanced FX tools.

One area where Revolut stands out is card control. Each team member can hold up to 3 physical cards and 200 virtual cards. You can set limits, freeze cards instantly, and track spending in real time, all from the mobile app. These cards can also be used for ATM withdrawals anywhere Visa or Mastercard® is accepted. This setup works well for businesses with multiple users or decentralised teams. Higher-tier plans also offer the option to issue metal cards.

FX tools like forward contracts and limit orders are available on higher plans, but only for UK-registered limited or public limited companies. 

As I’ve mentioned earlier, Revolut Business doesn’t offer a free plan. Each tier comes with a monthly fee, but also unlocks more features and higher usage limits.

Here’s a look at some of the other fees and account limitations to help you decide whether each plan offers the right value for your business. This is based on Revolut’s UK pricing, which might be different in other regions. 

Revolut offers 24/7 customer support for business customers through in-app chat, which is available in multiple languages. Enterprise plan customers also get access to a dedicated account manager for more personalised assistance.

The Revolut app gives you direct access to support at any time, and the Help Centre, available in over 30 languages, covers most common issues with clear guides and FAQS. You can also block cards via a hotline, although it won’t connect you to a live agent.

In this section, let's look at the key eligibility criteria, required documents, and the ease of opening a Revolut Business account.

Eligibility Criteria and What You’ll Need

You need to meet the following requirements to open a Revolut Business account.

• Your company must be fully incorporated and active.
• Your company must be registered and physically present in the United Kingdom, the EEA, or the United States.
• Accepted business types include Private Limited Companies, Public Limited Companies, Limited Liability Partnerships, Limited Partnerships, and Partnerships.
• Your company cannot operate in unsupported industries, including crowdfunding platforms, fine art dealers, and video game arcades.
• You must reside in a supported country or territory based on where your company is registered. For UK or EEA-registered companies, that includes the UK, EEA, US, Switzerland (for EEA companies only), and supported territories. For US-registered companies, that includes the US, UK, Ireland, France, Germany, Belgium, and Australia.

If you meet the requirements, here’s what you’ll need:

• Identity verification: A video selfie and a valid ID or residence permit.
• Proof of business registration: Such as a certificate of incorporation.
• Proof of business activity: For example, a website, supplier contract, or sales invoice matched with a bank statement.
• Operating address: A document showing where your business operates.
• Ownership details: A list of all directors and shareholders with over 25% ownership.

How to Apply

You can apply for an account online via the registration portal. The entire process is online and can be completed within 15 minutes.

Here are the steps:

1. Select the country where your business is registered.
2. Choose your legal business type.
3. Enter your email and verify it with a code.
4. Enter and verify your phone number.
5. Create a password.
6. Provide your personal details: full name, gender, place and date of birth, and home address.
7. Enter business details such as legal name, date of incorporation, business type, and registered address.
8. Accept the terms and conditions.
9. Select what you plan to use the account for—like sending or receiving payments, managing multiple currencies, or making money transfers.
10. Indicate your role in the company (e.g. sole director, one of the directors, or significant shareholder).
11. Your account will be created.

After your account is created, you’ll still need to complete a few additional steps, such as verifying your identity and choosing a plan, before you can start making transactions.

While it may seem like a lot of information, the process is quick and can be completed without much hassle.

• Trustpilot: 4.4/5 (based on 199,633 reviews)
  A solid score overall. Many users highlight the fast account setup, intuitive app, and responsive support as key strengths, particularly for a fully online business account. There’s also consistent praise for Revolut’s security features, which are especially important for an e-money institution handling multi-currency transactions. That said, some users report issues typical of digital banking platforms, such as unexpected account freezes or delays during verification.
• Apple App Store Rating: 4.9/5 (based on 866,572 reviews)

Users on the App Store consistently praise the Revolut app for its clean interface, ease of use, and real-time notifications, features that make everyday account management simple and efficient. 

Overall, Revolut Business receives strong reviews across platforms. Users appreciate the fast setup, smooth app experience, and reliable support, with the mobile app in particular earning near-perfect ratings for usability. While there are some reports of account freezes and verification delays, the platform’s security features and functionality are widely praised, making it a well-regarded option for businesses comfortable with a digital-first experience.

While Revolut works well for UK-based businesses or those primarily operating within the EEA, it may not fully meet the needs of companies with operations or partners in Asia. In that case, Statrys is another option worth considering, especially for companies looking for a solution tailored to the region. 

Statrys is a licensed payment service provider based in Hong Kong, offering multi-currency business accounts that support 11 major currencies. You can send, receive, and track international payments without hidden fees or transaction limits.

It also includes FX services based on real-time mid-market rates. You can also set limit orders to automate transactions at your preferred rate. In addition, you can request forward contracts and lock-in rates for up to 12 months with no extra charges. Every account comes with a dedicated account manager, which is ideal if you value direct and responsive support.

Let’s take a closer look at whether Statrys is the right fit for your business needs in Asia.