What Is Revolut Business?
Revolut Business is a financial platform created by Revolut, a UK-based fintech company launched in 2015. While Revolut started as a consumer-focused app, its business division launched in 2017 to offer services tailored to companies of all sizes.
As of 2024, Revolut has over 50 million personal users and more than 1 million business users across 200+ countries and territories.
Unlike traditional banks, Revolut Business operates entirely online, offering features like multi-currency accounts, international payments, and expense automation.
Table of Contents
- What Is Revolut Business?
- Who Is Revolut Business For?
- Key Features of Revolut Business
- Revolut Business Pricing Plans
- Pros of Using Revolut Business
- Cons of Using Revolut Business
- Is Revolut Business Safe?
- How to Open a Revolut Business Account
- Real-World Use Case Examples
- How to Close a Revolut Business Account?
- Alternatives to Revolut Business
Key Takeaways
- Revolut Business is a digital-first platform designed for freelancers, startups, and global businesses that handle multi-currency transactions.
- It offers powerful features like automated invoicing, bulk payments, team permissions, and real-time currency exchange.
- Pricing is tiered (Basic to Enterprise) with varying limits and services to suit different business sizes.
- Businesses can trade cryptocurrencies through Revolut Business and classify the digital assets as company-owned property.
- Accounts are easy to set up online and support integrations with tools like Xero and Slack.
- Limitations include no cash handling and limited lending services.
Who Is Revolut Business For?
Revolut Business is designed for:
- Freelancers and sole traders looking for low-fee international payments and easy invoicing.
- Startups and small businesses are seeking modern financial tools and automation.
- Medium to large companies that need multi-user access, bulk payments, and API integration.
- E-commerce sellers and remote-first businesses dealing with global transactions.
Key Features of Revolut Business
Here are the key features of revoult business:
1. Multi-Currency Accounts
Revolut Business allows you to hold, exchange, and send money in over 30 currencies, including GBP, USD, EUR, and INR, all from one account. You receive local account details (IBAN, BIC, etc.) for multiple currencies, enabling you to receive payments as if you were a local in different regions.
Revolut processes over $150 billion in currency exchanges annually—a testament to its strength in global money movement.
2. International Payments
Send and receive international payments at interbank exchange rates, which are usually better than those offered by traditional banks. You can also schedule recurring payments and manage your cash flow with ease.
Revolut Business users save up to 90% in FX fees compared to legacy financial institutions.
3. Business Cards
Issue physical or virtual debit cards to employees with custom spending limits. These cards are linked to the business account, making expense tracking easier.
More than 5 million Revolut cards have been issued to business users so far.
4. Expense Management
Upload receipts, tag expenses, and automate reimbursement processes. Managers can review and approve employee spending within the app.
Businesses report a 50% reduction in manual accounting errors with Revolut’s expense automation.
5. Integrations & API
Revolut Business integrates with major accounting and business tools like Xero, QuickBooks, Slack, and Zapier. It also offers a public API that enables developers to automate payments, view balances, and perform other tasks.
6. Bulk Payments
Pay multiple recipients in one go—ideal for payroll, vendor payments, or freelancer payouts. This saves time and reduces the likelihood of manual errors.
7. Automated Invoicing
You can create, send, and manage invoices directly from your Revolut Business account and get notified as soon as your client pays.
8. Team Access & Controls
Invite team members and assign them roles with the right access and permissions. This allows for secure collaboration without compromising sensitive financial information.
Companies using Revolut Business reduce financial access-related security incidents by up to 60%.
9. Currency Exchange
Exchange money between currencies at real-time rates with minimal fees—perfect for global businesses that deal in multiple currencies.
Revolut Business Pricing Plans
Revolut Business offers several pricing tiers to suit different types of businesses:
1. Basic Plan ($10/month)
| Category | Feature | Included |
| Core Features | 25+ currencies supported | ✅ Yes |
| Global and local account details | ✅ Yes | |
| Exchange at great rates | $1,000 | |
| No-fee international transfers | 0 | |
| No-fee local transfers | 10 | |
| No-fee transfers to Revolut accounts | ✅ Yes | |
| Recurring and scheduled payments | ✅ Yes | |
| Bulk transfers | ❌ No | |
| Cards | Metal cards | ❌ No |
| Physical corporate cards | ✅ Yes | |
| Virtual corporate cards | ✅ Yes | |
| Spend in 150+ currencies | ✅ Yes | |
| ATM withdrawals | ✅ Yes | |
| Card controls | ✅ Yes | |
| Card customization | ❌ No | |
| Team & Access | Unlimited team member access | ✅ Yes |
| Expense management | ✅ Yes | |
| Custom spend and expense approvals | ❌ No | |
| Account access and permissions | ❌ No | |
| Analytics | ❌ No | |
| Treasury | Limit and stop orders | ❌ No |
| Connect | Accounting software integrations | ✅ Yes |
| HR platform integrations | ✅ Yes | |
| Business app integrations | ✅ Yes | |
| Business API | ❌ No | |
| Support | 24/7 support | ✅ Yes |
| Dedicated account management | ❌ No | |
| Security | Security hub | ✅ Yes |
| Security control center | ✅ Yes | |
| Wealth protection | ✅ Yes | |
| Account lock | ✅ Yes | |
| Extras | Mobile and web access | ✅ Yes |
| Manage multiple Business accounts | ✅ Yes | |
| Rewards | ❌ No |
2. Grow Plan (From $40/month)
Save up to 20% with annual billing
| Category | Feature | Included |
| Core Features | 25+ currencies supported | ✅ Yes |
| Global and local account details | ✅ Yes | |
| Exchange at great rates | $20,000 | |
| No-fee international transfers | 5 | |
| No-fee local transfers | 100 | |
| No-fee transfers to Revolut accounts | ✅ Yes | |
| Recurring and scheduled payments | ✅ Yes | |
| Bulk transfers | ✅ Yes | |
| Cards | Metal cards | 1 complimentary |
| Physical corporate cards | ✅ Yes | |
| Virtual corporate cards | ✅ Yes | |
| Spend in 150+ currencies | ✅ Yes | |
| ATM withdrawals | ✅ Yes | |
| Card controls | ✅ Yes | |
| Card customization | ❌ No | |
| Team & Access | Unlimited team member access | ✅ Yes |
| Expense management | ✅ Yes | |
| Custom spend and expense approvals | ✅ Yes | |
| Account access and permissions | ✅ Yes | |
| Analytics | ✅ Yes | |
| Treasury | Limit and stop orders | ✅ Yes |
| Connect | Accounting software integrations | ✅ Yes |
| HR platform integrations | ✅ Yes | |
| Business app integrations | ✅ Yes | |
| Business API | ✅ Yes | |
| Support | 24/7 support | ✅ Yes |
| Dedicated account management | ❌ No | |
| Security | Security hub | ✅ Yes |
| Security control center | ✅ Yes | |
| Wealth protection | ✅ Yes | |
| Account lock | ✅ Yes | |
| Extras | Mobile and web access | ✅ Yes |
| Manage multiple Business accounts | ✅ Yes | |
| Rewards | ✅ Yes |
3. Scale Plan (From $140/month)
Save up to 22% with annual billing
| Category | Feature | Included |
| Core Features | 25+ currencies supported | ✅ Yes |
| Global and local account details | ✅ Yes | |
| Exchange at great rates | $80,000 | |
| No-fee international transfers | 25 | |
| No-fee local transfers | 1,000 | |
| No-fee transfers to Revolut accounts | ✅ Yes | |
| Recurring and scheduled payments | ✅ Yes | |
| Bulk transfers | ✅ Yes | |
| Cards | Metal cards | 2 complimentary |
| Physical corporate cards | ✅ Yes | |
| Virtual corporate cards | ✅ Yes | |
| Spend in 150+ currencies | ✅ Yes | |
| ATM withdrawals | ✅ Yes | |
| Card controls | ✅ Yes | |
| Card customization | ✅ Yes | |
| Team & Access | Unlimited team member access | ✅ Yes |
| Expense management | ✅ Yes | |
| Custom spend and expense approvals | ✅ Yes | |
| Account access and permissions | ✅ Yes | |
| Analytics | ✅ Yes | |
| Treasury | Limit and stop orders | ✅ Yes |
| Connect | Accounting software integrations | ✅ Yes |
| HR platform integrations | ✅ Yes | |
| Business app integrations | ✅ Yes | |
| Business API | ✅ Yes | |
| Support | 24/7 support | ✅ Yes |
| Dedicated account management | ❌ No | |
| Security | Security hub | ✅ Yes |
| Security control center | ✅ Yes | |
| Wealth protection | ✅ Yes | |
| Account lock | ✅ Yes | |
| Extras | Mobile and web access | ✅ Yes |
| Manage multiple Business accounts | ✅ Yes | |
| Rewards | ✅ Yes |
4. Enterprise Plan (Custom Pricing)
Contact Revolut for tailored solutions
| Category | Feature | Included |
| Core Features | 25+ currencies supported | ✅ Yes |
| Global and local account details | ✅ Yes | |
| Exchange at great rates | Custom | |
| No-fee international transfers | Custom | |
| No-fee local transfers | Custom | |
| No-fee transfers to Revolut accounts | ✅ Yes | |
| Recurring and scheduled payments | ✅ Yes | |
| Bulk transfers | ✅ Yes | |
| Cards | Metal cards | Custom |
| Physical corporate cards | ✅ Yes | |
| Virtual corporate cards | ✅ Yes | |
| Spend in 150+ currencies | ✅ Yes | |
| ATM withdrawals | ✅ Yes | |
| Card controls | ✅ Yes | |
| Card customization | ✅ Yes | |
| Team & Access | Unlimited team member access | ✅ Yes |
| Expense management | ✅ Yes | |
| Custom spend and expense approvals | ✅ Yes | |
| Account access and permissions | ✅ Yes | |
| Analytics | ✅ Yes | |
| Treasury | Limit and stop orders | ✅ Yes |
| Connect | Accounting software integrations | ✅ Yes |
| HR platform integrations | ✅ Yes | |
| Business app integrations | ✅ Yes | |
| Business API | ✅ Yes | |
| Support | 24/7 support | ✅ Yes |
| Dedicated account management | ✅ Yes | |
| Security | Security hub | ✅ Yes |
| Security control center | ✅ Yes | |
| Wealth protection | ✅ Yes | |
| Account lock | ✅ Yes | |
| Extras | Mobile and web access | ✅ Yes |
| Manage multiple Business accounts | ✅ Yes | |
| Rewards | ✅ Yes |
Pros of Using Revolut Business
- Fast account setup (often within 24–48 hours)
- Lower foreign exchange costs
- Global accessibility
- Great for remote and online businesses
- User-friendly mobile and web interface
- Powerful automation and integration options.
Cons of Using Revolut Business
- No cash or cheque handling
- Limited lending options (compared to traditional banks)
- Customer support delays reported by some users
- Not yet available in all countries.
Is Revolut Business Safe?
Yes. Revolut adheres to rules established by the FCA in the UK and other regulators in various countries. It safeguards customer funds in accordance with e-money regulations. However, Revolut is not a bank in all regions, and government schemes like the FSCS in the UK may not provide protection for deposits.
How to Open a Revolut Business Account
- Go to Revolut Business
- Choose your business type (freelancer or company).
- Fill in basic details about your business and upload the required documents.
- Verification may take a few hours to a few days.
- After approval, you can use your account right away.
Real-World Use Case Examples
- A freelancer in India receives payments from clients in the UK and US, holds USD and GBP in their Revolut account, and converts them to INR only when needed, saving on exchange fees.
- An e-commerce brand selling in Europe and the US uses Revolut Business to pay suppliers in China and freelancers in Eastern Europe—all from a single dashboard.
- A startup integrates Revolut with Xero for automatic reconciliation and smooth expense management.
How to Close a Revolut Business Account?
To close your account:
- Log in to your Revolut Business account (web or app)
- Go to Settings > Plan > Close account
- Clear any remaining balance and ensure no active payments are pending
- Submit a closure request
- Revolute’s support team will confirm and close the account
Alternatives to Revolut Business
If Revolut Business does not suit your needs, here are some alternatives:
- Wise Business: Great for international transfers and multi-currency accounts
- Payoneer: Good for freelancers and online sellers working with global clients
- Qonto: Ideal for startups and businesses in Europe
- N26 Business: Digital banking for freelancers and small businesses in Europe
- Tide (UK): Simple business banking with invoicing and expense tools
- Monzo Business (UK): Easy-to-use banking app for small business owners
- Airwallex: Powerful for businesses scaling across borders with FX tools and APIs
Final Thoughts
Revolut Business is a powerful financial platform for modern businesses that operate online, across borders, or with remote teams. Its low-cost international payments, multi-currency support, and automation tools make it an attractive alternative to traditional banking.
While it may not fully replace banks for all companies—especially those needing cash services or traditional loans—it is a smart choice for startups, tech companies, freelancers, and e-commerce businesses looking to streamline their financial operations.
Frequently Asked Questions (FAQs)
Q1. Can I use Revolut Business for cryptocurrency transactions?
Answer: Yes, Revolut Business allows companies to buy, hold, and sell cryptocurrencies through the app. You must use your business account in the company’s name to trade crypto, and the company must treat all digital assets as part of its corporate holdings. Note that investing in crypto involves risk.
Q2. Can I connect my Revolut Business account to Stripe or PayPal?
Answer: Yes, Revolut Business supports receiving payments from platforms such as Stripe and PayPal. You can link your Revolut USD, GBP, or EUR account details for payouts.
Q3. Can I manage multiple businesses under one Revolut account?
Answer: Yes, Revolut Business allows you to create and manage multiple business accounts under a single login, provided each business is a legally registered entity.
Q4. Can I schedule payments in advance?
Answer: Yes, Revolut Business allows you to schedule both one-time and recurring payments to suppliers, employees, or freelancers.
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