Revolut Business Account Review [2025]: Features, Fees, Pros & Cons

Founded in 2015, Revolut is a neobank headquartered in the UK. They offer a range of digital banking services to both individuals and companies, including the ability to receive and send payments in multiple currencies, make foreign exchange transactions, and connect payment systems via API.

Revolut Business is licensed to offer banking services in the EEA and the UK. In the UK, it’s currently in the mobilisation stage, preparing for the full launch of banking services. During this phase, Revolut is regulated by the Financial Conduct Authority (FCA) and is authorised to offer financial products.

Currently, the platform's global reach covers 150+ countries and regions. With over 6,000 employees, they serve more than 500,000 business customers globally.*

Revolut offers financial services for individuals and businesses. This article will focus on products specifically for businesses, especially those for companies registered in the UK.

Multi-currency Business Account

A multi-currency business account is a company account designed for international payments.*

Key features include:

• Hold money in up to 34 currencies, including GBP, EUR, USD, ZAR, TRY, SAR, SGD, SEK, and RON.
• Enjoy unlimited inbound transfers in GBP, EUR, USD, and CHF from any part of the world.
• Get your IBAN account details to send and receive money via UK bank transfers and SEPA transfers. (exclusive for companies registered in the UK)
• Make transfers in 30+ currencies to over 150 destinations.
• Schedule advanced transfers and send up to 1,000 payments at once by uploading CSV files.
• Send payment links by email, text, social media, QR code, or invoice. You can get paid through bank transfers, card payments, Apple Pay, or Google Pay.
• Accept contactless payments in person from your iPhone.
• Access comprehensive reporting tools, including analytics, audit confirmations, and expense tracking.
• Automatically match transactions with receipts and invoices
• Easily integrate transactions and expenses with accounting software like Xero, QuickBooks, and Sage.
• Manage business finances on the go with the Revolut app. 

Do note that there are transfer limits to keep in mind when you send international transfers in specific currencies.* For example, the maximum amount to transfer money in:

• GBP is GBP 250,000, and
• EUR is EUR 100,000.

Corporate Cards

Revolut offers Visa and Mastercard® business debit cards, available as virtual or physical cards. Here are some benefits you can enjoy from Revolut corporate cards:

• Order physical or virtual company debit cards for your team through the app.
• Spend directly from your account balance or convert currency at a competitive rate to cover expenses.
• Manage card expenses by setting limits and tracking transactions; automatic reminders for receipts.
• Customise your card spending policy, including approval workflows, spending limits, and restrictions on non-reimbursable expenses.
• Freeze and unfreeze cards.
• Obtain a metal card with the company brand on the front for an added professional touch.
• Withdraw cash from any ATM where Mastercard® or Visa are accepted.
• Compatible with Apple Pay or Google Pay for contactless payments.

You can apply for cards for yourself and your team members. Every team member is allowed up to 3 physical cards and as many as 200 virtual cards.*

FX Services

Revolut lets businesses exchange over 30 currencies at competitive rates based on the interbank rate. You can set limits and stop orders to automate exchanges and get the rate you want.*

Revolut also offers forward contracts in GBP, EUR, and USD. These allow you to lock in exchange rates for up to 2 years, helping you stay within your budget and reduce your business’s FX exposure.

Revolut provides 2 types of FX forward contracts:

• Fixed date: Exchange happens on a pre-agreed date 
• Flexible dates: Funds can be drawn down within a specified date range.*

Other Services

Revolut offers a range of additional services to make running your business easier.

• Payment Gateway Plugins: Quickly set up secure payment options on platforms like WooCommerce, BigCommerce, and Shopify—no coding needed.
• Business API: Automate payments, reconcile accounts, and simplify your financial workflows with Revolut’s API integration.
• Portable Card Readers: Accept in-person payments with the Revolut Reader. Get sales analytics, digital tipping, and all-day battery life, with earnings available in 24 hours.
• Savings: Grow your business funds with savings accounts that earn interest up to 3.51% AER.
• Cryptocurrency Exchange: Access over 210 cryptocurrencies, allowing you to buy, sell, and manage digital assets directly from your account.

Business Account Plans

Revolut offers tiered business accounts to accommodate businesses of different sizes. You can choose from a free account or three paid accounts:

• Free Plan: Includes multi-currency accounts, local account details, and currency exchanges with no fees for up to GBP 1,000 per month.
• Grow Plan: Builds on the Free Plan, raising the exchange rate allowance to GBP 10,000 per month.
• Scale Plan: Expands on the Grow Plan, raising the exchange rate allowance to GBP 50,000 per month.
• Enterprise Plan: Fully customised to your business requirements.

Exclusive Features for Paid Plans:

• Bulk transfers
• Metal payment cards
• Custom spending and expense approvals
• Account accesses and permissions
• Spending analytics
• Savings feature
• Limit and stop currency exchange orders
• Business API
• Personalised support from the account manager

Also, there are slight differences between paid plans. For example:

You can switch plans anytime. Downgrades take effect at the next billing cycle, while upgrades can start immediately or at your next cycle. Check Revolut's FAQ for help with changing your Revolut Business plan.*

Please note that the table highlights key differences but not all features. For a complete comparison, visit the Revolut Business Account Plan page.*

Revolut’s Feature Rating is 8/10

Revolut Business provides a comprehensive platform for global businesses with features like multi-currency accounts, local payments, corporate cards, expense management tools, bulk payments and FX services with interbank rates and forward contracts. Additional tools like payment gateways, portable card readers, business API and savings features add value. However, regional limitations and tier-based feature access are worth considering.

The following tables outline the pricing structure for Revolut UK. If your business is registered in another country, please visit Revolut's website for country-specific details.*

Account & Transfer Fees

FX Fees

Other Fees

Revolut’s Pricing Rating is 8/10

Revolut Business offers a flexible and transparent fee structure that caters to businesses of all sizes, from startups and small businesses to large enterprises. The free account option and initial free transfers are valuable benefits, particularly for smaller businesses.

However, fees for currency exchanges, additional transfers, and card services can add up, especially for high-volume transactions or businesses with tight margins. While the structure is clear, cumulative costs may become significant based on usage patterns.

Revolut provides a variety of customer support options:

• Help Centre: Available in 30+ languages, offering comprehensive guides and FAQs to assist with common issues.*
• In-App Chat: Accessible 24/7 in over 100 languages, providing real-time support from experts for customers with Revolut business accounts.
• Email: support@revolut.com.

For blocking cards, customers can call +44 20 3322 8352 (fee may apply), but this line does not connect to a human agent.*

Revolut’s Customer Support Rating is 9/10

Revolut provides 24/7 in-app chat in 100+ languages and a Help Centre in 35+ languages, making support widely accessible. However, the lack of phone support may be inconvenient for users who prefer voice communication.

In this section, let's look at the criteria and fundamental documents needed. 

Eligibility 

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 in the UK, the EEA region or the US.*
• 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.*
• Your legal home address must be in the UK, Switzerland, or the EEA.

Required Documents

Applicants will need the following documents:

• Identity Verification: A video selfie, national ID, or residence permit.
• Business Registration: Certificate of incorporation or business registration.
• Proof of Business Activity: Examples include a website, a contract with a supplier, or a sales invoice with a matching bank statement.
• Operating Address: Proof of your business's operating address.
• Ownership Details: A document listing all directors and major shareholders (ownership of over 25%).

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

Revolut typically reviews applications within 24 hours of submission. Processing times may vary based on the complexity of the application, and additional information may be requested if needed.

The Ease of Opening a Business Account for Revolut is 9/10

Revolut’s online application process is simple and paperless, with clear documentation requirements. However, the lack of an estimated account opening timeframe, which many competitors provide, and potential delays for complex businesses slightly impact its convenience.

If Revolut doesn’t fully meet your business needs or you’re looking for a solution tailored to businesses in Asia, consider Statrys.

Statrys is a licensed payment service provider in Hong Kong, offering multi-currency accounts that let you hold, receive and send money in 11 major currencies. You can send money overseas without transaction limits and hidden fees.

Statrys also offer FX services at a rate 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 includes a dedicated account manager to ensure you get personalised support when issues arise.

Let’s take a closer look at how Statrys can simplify your business finances.