Revolut is a flexible and feature-rich digital account, but it’s not built for every business.
Most startups and small teams appreciate Revolut’s sleek UI, built-in cards, and multi-currency support. However, as your business grows, you may notice Revolut’s limits, like restricted team access controls, limited support options, and key tools such as bulk payments or advanced analytics only available on higher-tier plans.
If you're scaling your operations, managing larger payment volumes, or need more control and support, this article will share better-suited options.
What Makes a Good Alternative to Revolut?
Revolut is great for combining payments, cards, and multi-currency tools in one platform, but it’s not ideal for every business.
A solid alternative should match what you actually use Revolut for, and do it with fewer limits or better support.
Look for a Revolut alternative that offers:
- Transparent FX rates – no hidden markups on conversions
- Multi-currency accounts – hold and receive in GBP, USD, EUR, etc.
- Team access & controls – issue cards, set roles, manage spending
- Small business tools – invoicing, bulk payments, accounting sync
- Reliable support – live chat, real agents, or dedicated managers
- Fast onboarding – simple setup, clear pricing, no hidden catches
With these factors in mind, here are the best Revolut Alternatives at a glance:
| Provider | Best For | Key Advantage Over Revolut | Notable Features |
|---|---|---|---|
| Wise | Low-cost global transfers | Transparent mid-market FX with no monthly fee | 40+ currencies, local accounts, batch payments |
| Starling Bank | UK-based SMEs needing traditional banking tools | FSCS protection + UK overdrafts & loans | Free UK transfers, business loans, 24/7 support |
| Payoneer | Marketplace sellers & global freelancers | Seamless payouts from Amazon, Fiverr, Upwork | Multi-currency receiving accounts, mass payouts |
| Statrys | Asia-based companies needing local support | Low FX rates, Asian market focus and access to the China market. | 11-currency account, local details, phone/email |
| Tide | Startups needing fast setup & admin features | Built-in invoicing, easy expense tracking | Instant setup, receipt scanner, tiered tools |
Disclaimer: Information in this article is accurate as of 13 May 2025, but it may be subject to change. We recommend checking each provider’s official website for the latest details.
1
Wise
Founded in 2011, Wise (formerly TransferWise) is a UK-based fintech platform regulated by the FCA as an electronic money institution. It offers multi-currency accounts and cross-border payment services tailored to freelancers, startups, and SMEs. With support for over 40 currencies and local account details in 23, Wise enables users to send, receive, and convert funds using the real mid-market exchange rate.
The platform is fully online, and UK-based businesses can usually complete verification within two working days, making it a practical option for managing international payments without the overhead of a traditional bank.
Key Services Offered by Wise
- Multi-currency business account with 40+ supported currencies
- Local account details in 23 currencies (e.g. GBP, EUR, USD, SGD, AUD)
- International payments to 70+ countries with transparent FX rates
- Batch payments for paying suppliers or contractors at scale
- Virtual and physical debit cards (region-specific cashback offers may apply)
- Integration with Xero, QuickBooks, and FreeAgent
- Multi-user access controls for teams
Wise’s Pricing
| Fee Type | Amount |
|---|---|
| Account Setup Fee | £45 (one-time) |
| Send Payments | From ~0.33% of the amount (varies by currency) |
| Receive Payments | Local: Free (e.g. GBP, EUR, USD) SWIFT: £2.16–£6.11 depending on currency |
| Currency Conversion | Mid-market rate + ~0.4% fee |
| Card & ATM Usage | Card issuance: £3 (physical or virtual) ATM: Free up to £200/month, then £0.50 + 1.75% |
| Domestic Transfers | Free (within the UK) |
For the most up-to-date and detailed pricing, visit Wise's official pricing page.
Pros and Cons of Wise
✅ No monthly fees, cost-effective for cross-border use
✅ Real mid-market FX rates with no hidden markup
✅ Supports 40+ currencies and local receiving accounts
✅ Online account setup with fast verification
✅ Helpful tools for batch payments, team access, and accounting
❌ Not FSCS protected (funds are safeguarded, not insured)
❌ No lending, overdraft, or cash deposit options
❌ Support is limited to in-app chat or email
❌ Some features (like cashback or physical cards) limited by region
Wise vs Revolut
| Feature | Wise | Revolut |
|---|---|---|
| FX Rates | Mid-market (~0.4% fee) | Tiered markup (free to 1%+) |
| Multi-Currency Wallet | 40+ currencies | 25+ currencies |
| Local Bank Accounts | 9+ currencies (e.g. GBP, EUR, USD) |
GBP, EUR, USD |
| Monthly Fees | None | Free–£100/month |
| Support | Chat/email | In-app only |
| Team Access & Controls | Yes | Yes (stronger on paid plans) |
Want to learn more? See how Wise differs from Revolut with our detailed comparison.
2
Starling Bank
Starling Bank, established in 2014, is a fully licensed UK bank that offers digital business accounts with no monthly fees. Designed for sole traders and SMEs, it combines traditional banking protections with modern convenience.
Accounts come with FSCS protection up to £85,000, support free UK transfers, and allow cash or cheque deposits via the Post Office. Users can integrate Starling with popular accounting platforms like Xero, QuickBooks, and FreeAgent. While foreign currency accounts for EUR and USD are no longer offered to new users, international payments in other currencies can still be made from a GBP account. All account setup and management is handled online.
Key Services Offered by Starling Bank
- GBP business current account with free UK bank transfers and a debit card
- Overdrafts and business loans, subject to eligibility and approval
- Cash and cheque deposits via Post Office and mobile app
- International payments to 34 countries in 17 currencies from a GBP account (EUR and USD accounts not available for new users)
- Optional EUR and USD accounts available to eligible businesses ( applications currently paused as of the time of writing)
- Accounting integrations with Xero, QuickBooks, and FreeAgent, plus optional Business Toolkit (£7/month)
- Multi-user access limited to directors or persons of significant control (PSCs) listed with Companies House
Starling Bank’s Pricing
| Fee Type | Amount |
|---|---|
| Account Setup Fee | Free |
| Send Payments |
Local (UK): Free via Faster Payments, Direct Debits, Standing Orders International: £5.50 per transfer + 0.4% FX fee (3rd-party bank charges may apply) |
| Receive Payments |
Local (GBP): Free for domestic and international GBP payments International (SWIFT): 0.7% of the amount (min £0.30, max £5.50) |
| Cash Deposits | £3 or 0.7% of the amount deposited (whichever is higher) |
| Add-Ons |
Business Toolkit: £7/month Bulk Payments: £7/month |
For a full breakdown of fees, visit Starling Bank’s official account schedule.
Pros and Cons of Starling Bank
✅ FSCS protection up to £85,000 as a fully licensed UK bank
✅ Cash and cheque deposits accepted via Post Office and mobile app
✅ 24/7 customer support with real agents via live chat, phone, and email
✅ Optional Business Toolkit add-on with built-in tools for VAT, invoicing, and tax estimates
✅ Interest-earning sub-accounts (Spaces) to organise savings
❌ Multi-user access limited to directors listed at Companies House
❌ Add-ons like bulk payments and bookkeeping tools require extra monthly fees
❌ Not available to non-UK businesses or owners based outside the UK
Starling Bank vs Revolut
| Feature | Starling | Revolut |
|---|---|---|
| FX Rates | 0.4% FX fee + £5.50 transfer | Tiered markup (free to 1%+) |
| Multi-currency Wallet | GBP only (EUR/USD available to eligible users; currently paused) |
25+ currencies |
| FSCS Protection | Yes, up to £85,000 | No |
| Business Lending | Overdrafts and loans available (eligibility applies) | Not available |
| Support | 24/7 real agent via phone/chat/email | In-app only |
| Team Access & Controls | Limited (directors/PSCs only) |
Yes (stronger on paid plans) |
Tip: Interested in their service? Learn more from our Starling Bank business account review.
3
Payoneer
Payoneer is a global payments provider widely used by freelancers, ecommerce sellers, and digital businesses for collecting international payments. It offers multi-currency receiving accounts with local bank details in USD, EUR, GBP, and other major currencies, helping users get paid as if they had accounts in multiple countries.
Launched in 2005, Payoneer supports cross-border payouts, currency conversions, and mass payments to over 190 countries. While not a bank, it serves as a practical solution for managing global income. However, it does not support domestic banking tools like Direct Debits or UK bill payments.
Key Services Offered by Payoneer
- Multi-currency receiving accounts in 9 currencies (e.g., USD, EUR, GBP) with local account details for collecting payments
- Hold, convert, and send funds in 70+ currencies with built-in FX tools
- Global payments to 190+ countries, including batch and scheduled transfers for contractors or suppliers
- Withdraw funds to your local bank account in the same or different currency
- Payoneer Mastercard® (physical and virtual) for business spending and ATM withdrawals
- Integrated with platforms like Amazon, Upwork, Fiverr, and other global marketplaces
Payoneer’s Pricing
| Fee Type | Amount |
|---|---|
| Account Opening | Free |
| Annual Account Fee | USD 29.95 (applies only if annual receipt is below USD 2,000) |
| Send Payments | To another Payoneer user: Free To external bank accounts: Up to 3% |
| Receive Payments | Local currency (e.g. GBP, EUR): Free Foreign currency: 1% or fixed fee, depending on method |
| Currency Conversion Fee | Up to 2% above mid-market rate |
| Withdraw to Bank | Same currency: 1.5% With conversion: up to 2% |
| Card Usage | Annual fee: USD 29.95 ATM: USD 3.50 + ATM fees FX: up to 3.5% |
Learn more about Payoneer’s pricing on their official website.
Pros and Cons of Payoneer
✅ Local receiving accounts in 9 major currencies to get paid like a local in key markets
✅ Multi-currency wallet with support for 70+ currencies
✅ Integrated with global platforms like Amazon, Fiverr, and Upwork
✅ Batch and scheduled payments for efficient payout management
✅ No monthly fees; pay-as-you-go pricing model
❌ Currency conversion and card FX fees can be higher than competitors (up to 2–3.5%)
❌ No UK-specific features like Direct Debits, Faster Payments, or bill pay
❌ No accounting integrations or invoicing tools
❌ Support limited to logged-in users and varies by region
Payoneer vs Revolut
| Feature | Payoneer | Revolut |
|---|---|---|
| FX Rates | Up to 2% (wallet); up to 3.5% on card spend | Tiered markup (free to 1+%) |
| Multi-Currency Support | 70+ currencies | 25+ currencies |
| Monthly Fees | None (USD 29.95 if annual receipts under USD 2,000) |
Free–£100/month |
| Mass Payment Tools | Yes (batch/scheduled payouts) |
On higher-tier plans |
| Support | Logged-in users only, varies by region | In-app only |
| Team Access & Controls | No granular roles or user permissions | Yes (stronger on paid plans) |
Tip: See our full Payoneer review for deeper insights into features and fees.
4
Statrys
Founded in 2019, Statrys is a Hong Kong-based fintech offering multi-currency business accounts for SMEs, startups, and entrepreneurs with cross-border operations. Licensed as a Money Service Operator in Hong Kong. Statrys enables businesses to hold and manage 11 major currencies like HKD, USD, EUR, and GBP, with access to local payment routes and real-time FX conversion only when needed.
The platform also provides tools for managing international transactions, including payment tracking, Xero integration, and user role permissions. With multi-channel support and a dedicated account manager included for each client, Statrys offers a practical option for businesses seeking more personalised service.
Key Services Offered by Statrys
- Multi-currency business account supporting 11 currencies: HKD, USD, EUR, GBP, SGD, CNY, JPY, AUD, CAD, CHF, and NZD, all under one account number
- Real-time FX conversions at mid-market rates, with spot and forward contracts
- Local payments in 12 currencies for faster, lower-cost cross-border transfers
- Real-time payment tracking, including free MT103 proof of payment
- Virtual and physical prepaid Mastercard® cards, issued via Statrys UK, available for business spending and online payments
- User role management (reader, maker, approver) for secure team access
- Dedicated account manager and multi-channel support (email, phone, WhatsApp, chat)
Statrys’ Pricing
| Fee Type | Amount |
|---|---|
| Account Opening | Free* |
| Inactivity Fee | HKD 88/month (applies if less than 5 outbound payments are made per month) |
| Send Payments | Local: From HKD 5 International: From HKD 25–85 depending on currency |
| Receive Payments | Local (HKD/CNY/USD): Free International: HKD 60 |
| Currency Conversion Fee | Mid-market rate + 0.4% (major currencies) or 0.6% (others) |
| Card & ATM Usage |
Virtual card: Free Physical card: First included, extras HKD 48/month ATM withdrawal: 1.99% (min. HKD 31) Card FX: 1.5% |
*A one-time setup fee may apply to companies not incorporated in Hong Kong or Singapore, or those with complex ownership structures or certain business profiles.
For full details, visit Statrys’ pricing page.
Pros and Cons of Statrys
✅ No transaction limits on SWIFT payments
✅ Local payment system helps reduce transfer fees in 12 currencies
✅ Funds can be held and converted when rates are more favourable
✅ Dedicated account manager included, with multi-channel support
❌ An inactivity fee applies if no qualifying outbound payment is made
❌ Mastercard® cards are pre-paid and require top-ups before use, which may offer less flexibility than debit or credit cards
Statrys vs Revolut
| Feature | Statrys | Revolut |
|---|---|---|
| FX Rates | From 0.4% above mid-market | Tiered markup (free to 1%+) |
| Multi-Currency Wallet | 11 currencies | 25+ currencies |
| Monthly Fees | None (inactivity fee of HKD 88 if no outbound payment is made) |
Free–£100/month |
| Support | Multi-channel + dedicated account manager | In-app only |
| Team Access & Controls | Yes (role-based access with custom permissions) | Yes (stronger on paid plans) |
5
Tide
Launched in 2015, Tide is a UK-based fintech that provides business current accounts for sole traders and limited companies. Though not a bank, it operates as an electronic money institution and safeguards client funds through regulated partners.
Tide accounts are managed entirely online, with features like invoicing, expense categorisation, and accounting software integrations. It offers four pricing tiers, starting with a free plan and scaling up with added tools and reduced fees. While Tide supports SEPA payments, it doesn’t offer multi-currency accounts, making it best suited for UK-based businesses focused on domestic operations.
Key Services Offered by Tide
- GBP business current account with UK sort code, account number, and Mastercard® debit card
- Fast digital onboarding via mobile app or web
- Built-in invoicing, receipt capture, and expense categorisation tools
- Integration with accounting platforms like Xero, QuickBooks, Sage, and FreeAgent
- SEPA payment support for sending and receiving euros (auto-converted to GBP)
- Expense cards with spend controls (included in paid plans or available for a fee)
- Optional business loans and savings via third-party providers
Tide’s Pricing
| Fee Type | Amount |
|---|---|
| Monthly Fees (by plan) |
Free: £0 Smart: £12.49 + VAT Pro: £24.99 + VAT Max: £69.99 + VAT |
| Send & Receive Payments |
Free: 20p per UK transfer Smart: 25 free transfers/month, then 20p Pro & Max: Unlimited free UK transfers |
| Expense Cards |
Free: £5/month per card Smart: 1 free card Pro: 2 free cards Max: 3–5 free cards |
| ATM Withdrawals (UK) | £1 per withdrawal (all plans) |
| Cash Deposits (UK) |
Post Office: £2.50 + 0.5% per deposit PayPoint: 3% per deposit (min £3) |
| International Transfers (EUR) |
£1 per SEPA transfer + ~0.5% FX fee (Pro & Max may include lower or waived fees) |
Pricing may vary slightly based on plan type. Refer to Tide’s pricing page for the most accurate breakdown.
Pros and Cons of Tide
✅ Fast and easy account setup with no credit checks
✅ Invoicing and expense tracking tools included across all plans
✅ Tiered pricing lets you scale features like free transfers and team cards
✅ Expense cards available, even on the Free plan
✅ Access to business perks, partner offers, and company registration tools
❌ Free plan includes fees for UK payments and Direct Debits
❌ No multi-currency support; all EUR payments are auto-converted to GBP
❌ SWIFT transfers not supported
❌ No FSCS protection (Tide is not a licensed bank)
Tide vs Revolut
| Feature | Tide | Revolut |
|---|---|---|
| FX Rates | ~0.5% FX on EUR (SEPA only) | Tiered markup (free to 1%+) |
| Multi-Currency Support | Not supported | 25+ currencies |
| Monthly Fees | Free–£69.99/month | Free–£100/month |
| Support | In-app and email support | In-app only |
| Team Access & Controls | Yes (card limits, spend control on paid plans) |
Yes (stronger on paid plans) |
Considering Tide? Read our full Tide Business Account review to help you decide if it’s the right fit.
Final Note
Every business has different needs, and while Revolut suits many, others may find a better fit elsewhere. Whether it’s more transparent fees, personalised support, or tools tailored to your region, there are providers offering features that align more closely with specific business goals.
Take the time to explore your options and choose a solution that supports how you work, now and as your business grows.
FAQs
What is Revolut?
Revolut is a UK-based fintech offering digital-first business accounts with multi-currency support, international transfers, corporate cards, and budgeting tools — all accessible via its mobile and web platforms.
Is Revolut a bank?
What is the downside of Revolut?
What is the best alternative to Revolut?
Disclaimer
Our insights are derived from industry experience and information provided on each provider’s website. While we'd love for you to choose us, what's most important is that you make the decision that's right for you.
