Revolut is a popular neobank for businesses and individuals, with over 45 million customers worldwide. Its multi-currency account and digital global payment platform make Revolut a strong choice for freelancers and business owners handling international transactions.
But, even with its suite of features, Revolut might not be the best fit for everyone. Perhaps you are happy with your Revolut account but are looking to open another account with a provider that offers different tools. Or, maybe Revolut is not available in your region, and you need a reliable alternative.
That’s why we’ve rounded up 5 strong alternatives to Revolut. Whether you’re after specific features, more flexible pricing, or options available in other countries, these alternatives could offer just what you’re looking for. We’ll look at their key services and who they are best for, all in one place.
Without further ado, let's dive into our list!
Revolut Alternatives | Key Services | Best For |
Current accounts, Euro accounts, sole trader and business accounts, loans, debit cards, and integration with accounting software. | UK-based startups and small businesses that often make payments internationally, especially in USD and EUR. | |
Personal and business accounts, international transfers via Wise network, multi-user access, physical and virtual debit cards, and accounting software integrations. | Sole traders and SMEs that primarily focus on the UK market. | |
Business accounts for freelancers, savings accounts, virtual and physical Mastercard®, and cryptocurrency investment. | Freelancers and self-employed individuals living in Europe and mainly make transactions in euros. | |
Multi-currency business accounts, support international payments to 70+ countries, recurring and batch payments, and API and accounting software integrations. | Individuals, frequent travellers, and companies that often make international transactions. | |
Virtual accounts, built-in foreign exchange and multi-currency business accounts, global payments API, card-issuing API, and payment links. | Ecommerce businesses and platforms with complex global payment needs. |
1
Starling Bank
Starling Bank is an award-winning challenger bank based in the UK. Founded in 2014, the bank has been offering digital banking services to over 4 million users, including individuals and businesses.
Starling Bank users can open accounts, access banking services, and contact customer support exclusively online through the mobile app. As a licensed bank, eligible deposits with Starling Bank are protected by the FSCS for up to GBP 85,000.
Since it does not have a physical branch, customers can deposit cash into their Starling Bank account at any Post Office branch in the UK, though there are deposit limits and associated charges.
Key Services Offered by Starling Bank
Starling Bank Key Services | Description |
Business Bank Account | A business current account with perks such as free access for multiple directors, integration with accounting software like Xero and QuickBooks, and free UK bank transfers. |
International Money Transfers | Send money via bank transfer to 34 countries worldwide via SWIFT or a low cost local network payment. |
Debit Card | Spend your account balance with a Mastercard® debit card, featuring in-app security controls for added protection. |
Overdrafts and Loans | Apply for a business overdraft from GBP 1,000 up to 50,000 for flexible cash flow management. Small business loans ranging from GBP 25,001 to 250,000, with repayment terms of 12 to 72 months, are also available. |
Scheduled Payments | Schedule payments in advance and get notified when they are due. |
Expenses Management | Categorise your funds based on goals, track spending, and schedule bill payments in advance. |
Business Toolkit | Manage bookkeeping, invoices, bills, tax, and VAT directly from your business account with this add-on feature. |
Important: Starling Bank also offers USD and EUR foreign currency accounts for businesses, though they are not accepting new applications for these accounts at the moment.
Starling Bank’s Pricing
Starling Bank offers a free business account with no monthly fees. However, some services incur additional fees or require subscriptions. Below are a few key fees to note.
Fees | Amount |
Business Toolkit | GBP 7 per month |
Bulk Payments | GBP 7 per month |
Arranged Overdraft (for business accounts) | 1.5% or 1.75% of the overdraft limit, with a minimum fee of GBP 50 |
Cash Deposits | 0.7% fee, minimum GBP 3 |
We Recommend Starling Bank for
✅ SMEs and sole traders who need a digital-first banking solution with 24/7 chat-based customer support and a transparent pricing structure.
✅ Business owners who seek to streamline financial management with scheduled and bulk payment features, as well as accounting software integration.
✅ UK-based businesses primarily focused on the local market but with some engagements in Europe and the US.
Tip: Interested in their service? Learn more from our Starling Bank business account review.
2
Monzo
Monzo is a London-based online bank that launched in 2015. It offers personal and business banking services, including current accounts, business accounts, Monzo Flex credit cards, and loans. While Monzo accounts can primarily hold GBP, users can make international payments through Wise and receive foreign currency transfers through IBAN numbers.
Like other banks regulated by the Financial Conduct Authority (FCA), eligible deposits with Monzo are FSCS-insured. It’s worth noting that Monzo has a cash deposit limit of GBP 5 to GBP 300 per transaction, with a total limit of GBP 1,000 every six months.
Key Services Offered by Monzo
Monzo Key Services | Description |
Business Bank Account | Make and receive unlimited instant GBP transfers for free, and earn 1.60% AER interest on money in savings pots. |
International Transfers | Transfer money to over 70 countries, as well as receive international payments (converted to GBP upon receiving). |
Debit Card | Get a physical Mastercard® debit card and up to 5 virtual cards for business spending. Cards are compatible with Apple Pay and Google Pay. |
Accept Payments | Accept contactless and card payments from customers (via Stripe), send payment links and invoices, as well as deposit cheques using the app. |
Sole Trader Loans and Overdrafts | Sole traders can apply for overdrafts up to GBP 2,000 and loans up to GBP 25,000. |
Expenses Management | Track and categorise spending, as well as schedule payments in advance. |
Accounting Software Integration | Integrate Monzo with Xero, QuickBooks, or FreeAgent to better manage your finances. |
Monzo’s Pricing
Monzo offers two business account plans: a fee-free Lite account and a Pro account with a GBP 5 monthly fee. Here are the additional fees for using some services.
Fees | Amount |
Receiving payments in foreign currencies | 1% currency conversion fee for payments received and converted to pounds. |
Arranged Overdraft | Interest is based on the amount overdrawn, with an EAR of 19%, 29%, or 39%, depending on your TransUnion credit score. |
Cash Deposits | GBP 1 for each cash deposit at any PayPoint or Post Office branch. |
We Recommend Monzo for
✅ Small businesses in the United Kingdom that primarily handle transactions in British pounds (GBP).
✅ SME owners needing financial management tools and customer support outside typical banking hours.
✅ Businesses that are looking for a secondary account with user-friendly features to save more time on financial management and bookkeeping.
Tip: Explore Monzo’s features and fees with our in-depth Monzo review.
3
N26
N26 is a European digital bank that was established in 2013. Unlike traditional banks, it operates entirely online without branches. In addition to personal accounts, N26 also offers business accounts exclusively to freelancers and self-employed individuals, as well as other products like virtual and physical cards and insurance.
The bank is fully licensed and regulated by the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin), which means eligible deposits are protected up to EUR 100,000 by the German Deposit Guarantee Scheme.
Key Services Offered by N26
N26 Key Services | Description |
Business Account for Freelancers | Choose from 4 free and paid business account plans, each with tools and perks such as cashback on purchases and spending insights. Funds can only be held in euros. |
Debit Card | Offers virtual and physical Mastercard® debit card for users to make purchases offline and online in any currency without any foreign transaction fees. |
International Money Transfers | Make in-app international transfers to 35 countries and 35 currencies, powered by Wise. |
Cash Withdrawals | Withdraw money from an ATM for free up to 8 times, depending on your account plan. Unlimited withdrawals are available at partner retailers. |
N26 Crypto | Buy and sell almost 200 cryptocurrencies within a few tabs. |
Insurance Coverage | N26 Business You and Metal plans include exclusive insurance coverage, such as travel and mobile phone protection. |
Budgeting and Financial Insights | Budgeting tools and financial insights to help users manage their finances effectively. |
N26’s Pricing
N26 offers free and paid account plans, and there may be additional charges depending on your country. Below are the fees that apply to most countries in Europe.
Fees | Amount |
Monthly Fees | N26 Standard: Free N26 Smart: EUR 4.90 N26 You: EUR 9.90 N26 Metal: EUR 16.90 |
Physical Mastercard® for standard accounts | EUR 10 |
ATM withdrawals beyond the free limit | EUR 2 |
CASH26 deposits | 1.5% of amount deposits |
We Recommend N26 for
✅ Self-employed individuals and freelancers who primarily operate in the eurozone and need digital banking services accessible from anywhere.
✅ Digital nomads who frequently travel and make card payments in foreign countries.
✅ Those who seek a licensed financial institution that facilitates investment in cryptocurrency.
Tip: Read our N26 business account review to get insights into their features and fees.
4
Wise
Wise, formerly known as TransferWise, is a payment service provider specialising in cross-border money transfers in multiple currencies. Although headquartered in London, you can open a Wise account from many countries and territories worldwide, including most European countries, Hong Kong, and Singapore.
Wise offers multi-currency business accounts to companies of all sizes, with features like batch payments that simplify international payments while providing interbank rates and lower fees compared to traditional banks.
Key Services Offered by Wise
Wise’s services may vary by country and region, as they operate globally. However, here are the key features provided by Wise UK.
Wise Key Services | Description |
International Money Transfer Services | Send money with low transfer fees to over 70 countries and in various currencies worldwide. |
Business Account | Set up local account details in 9+ currencies, including GBP, EUR, USD, SGD, and CAD, as well as receive international money transfers in more than 18 currencies. |
Debit Card | Easily spend your multi-currency account funds with the Wise debit card and earn 0.5% cashback on all eligible transactions. |
Batch Payments | Only upload a single CSV file, and you can make up to 1,000 payouts at once. |
Wise API | API for integrating into different platforms or applications. |
FX Services | Convert funds between different currencies at the real mid-market exchange rate with no hidden markups. |
Wise’ Pricing
The table below shows Wise’s pricing structure for UK customers. It’s important to note that pricing may vary depending on your location.
Fees | Amount |
Business Account Registration Fee | GBP 60 |
Sending Money | From 0.33% |
Receiving SWIFT payments | Free for most currencies, CAD 10 for CAD SWIFT payments |
Issuing Wise Debit Cards | GBP 3 |
ATM fees over GBP 200 per month | 1.75% + GBP 0.50 |
We Recommend Wise for
✅ Businesses that deal with multi-currency payments can save a significant amount of time and money with Wise's payment network.
✅ Global businesses that make and receive frequent cross-border payments, as Wise offers transparent fees and real-time exchange rates.
✅ Companies looking for easy integration with accounting software to streamline their financial management processes.
Tip: Discover more about Wise's features and fees in our Wise business account review and learn key details you should know before opening a Wise account.
5
Rapyd
Rapyd is a global fintech company that has offices in several locations worldwide, including London, Singapore, and Dubai. It provides a comprehensive platform for businesses to manage online payments and other transactions across multiple countries, with products like multi-currency accounts and Global Payments API.
Key Services Offered by Rapyd
Rapyd Key Services | Description |
Multi-Currency Business Account | Route all incoming payments into one settlement account, send payments, and hold balances in multiple currencies, including USD, EUR, and GBP. |
Virtual Account | Create unlimited local currency accounts in over 40 countries and 25 currencies and allow customers to pay in their currencies. |
Global Payouts | Make single or mass payments to over 190 countries with good exchange rates. |
Global Card Issuing | Multi-country card issuing API that allows users to issue pre-funded virtual and physical cards, as well as control approvals and expenses. |
API Integration | Integrate Rapyd features with companies' workflow. |
Plugins | Connect with popular ecommerce platforms, including WooCommerce, Shopify, Ecwid, and Wix, for businesses to easily collect sales and manage funds. |
Rapyd’s Pricing
Rapyd's pricing structures may vary by region and payment processing volume, and the full pricing details for all services are not available on their website. For the most accurate information, we recommend contacting Rapyd directly.
Fees | Amount |
Business Account Monthly Flat Fee | USD 99 |
Card Interchange Fee | 0.20% - 1.80% per transaction |
Card Scheme Fee (Charged by card networks like Visa or Mastercard®) | 0.02% - 0.65% per transaction |
Rapyd’s Payment Processing Fee | Quote-based |
We Recommend Rapyd for
✅ Ecommerce businesses and online retailers wanting to streamline payment collection from global customers.
✅ Online marketplaces and platforms that need a solution to handle complex transactions, especially those involving foreign currencies, between buyers and sellers.
✅ SaaS companies aiming to embed payment solutions within their platforms.
Tip: For a comprehensive understanding of their services, read our Rapyd review.
Choosing the Best Revolut Alternative
Now that we have explored the top 5 Revolut alternatives, you should have a clearer idea of which option could potentially meet your business needs. When choosing the right one, consider factors like:
- Fees: Compare the pricing structure of each provider, especially the fees for the services you need, such as card payment processing. If you handle cash frequently, don’t forget to look into ATM withdrawal limits and cash deposit fees.
- Customer Support: Choose a provider with customer support options that suit your preferences, whether it’s chat, phone, or email support. If you prefer in-person service, you may want to consider traditional banks.
- Features: Go with a provider that offer the features you need now and as your business grows, such as multi-currency capabilities, software integrations, and other financial tools.
Alternatively, you may find that a combination of services from different providers is the best solution to meet your business’s specific needs, especially as your business expands.
Have a Business in Asia? Consider Statrys
If you own a business in Asia or are considering entering the Asian market, then we recommend you consider Statrys.
Statrys is a licensed payment service provider based in Hong Kong. It offers products and services to support the global growth of businesses registered in Hong Kong, Singapore, and the BVI, including a multi-currency business account that can hold 11 major currencies. Opening an account with Statrys is fast and efficient, with 96% of users opening their accounts in less than 3 days.
If you own a growing business and have clients and partners in Asia, be sure to check out Statrys' business account.
FAQs
What is Revolut?
Revolut is a leading financial services platform based in the UK, licensed and regulated as a bank in the UK and parts of Europe. Founded in 2015, it offers digital banking services, including multi-currency accounts and cross-border money transfers, to individuals and businesses around the world.
Is Revolut a real bank?
What exactly does Revolut do?
Is there a better alternative to Revolut?
Disclaimer
Statrys does not directly compete with Revolut because we do not provide business accounts in the UK, EU, and US. We're committed to providing an unbiased, thorough review to help you make an informed choice.
