Revolut Business Review

Smart entrepreneurs know that these days it’s possible to open a business account without being tied to the terms of a traditional bank. Online providers like Revolut are often specialists in their field, and can offer business account products which are as safe for your business as a bank would be - but without some of the fees.

If you’re thinking of choosing Revolut for your business account, this guide is for you. We’ll look at the Revolut business account plan options, features, fees - and a few Revolut Business alternatives to compare.

Let’s start with the most important detail when you’re looking to maximize your business profits - the account fees. Revolut has a range of different account types to suit different businesses, with features and fees which vary between plans. It’s worth noting up front that we’re looking at the Revolut account options for businesses here - there are also plans available which are aimed at freelancers which you can check out online if you prefer.

Here are the key costs you need to know about by plan type - and we’ll dive into the different account features in just a moment.


Fee/Plan	No monthly fee - Standart plan	Grow	Scale	Enterprise
Monthly fee	No-fee	39.99 USD	149.99 USD	Custom
International payments	3 USD/payment	10 no-fee transfers/month - then 3 USD/payment	50 no-fe transfers/month - then 3 USD/payment	Custom
Local payments	5 no-fee transfers/month - then 0.2 USD/payment	100 no-fee transfers/month - then 0.2 USD/payment	1,000 no-fee transfers/month - then 0.2 USD/payment	Custom
Foreign exchange	0.4% markup on exchange rate used	10,000 USD/month using the mid-market exchange rate - then 0.4% markup on exchange rate used	50,000 USD/month using the mid-market exchange rate - then 0.4% markup on exchange rate used	Custom
Exotic currency foreign exchange	1% extra fee applies to exchange involving THB or UAH	1% extra fee applies to exchange involving THB or UAH	1% extra fee applies to exchange involving THB or UAH	1% extra fee applies to exchange involving THB or UAH
Out of hours foreign exchange	1% extra fee applies to exchange out of banking hours	1% extra fee applies to exchange out of banking hours	1% extra fee applies to exchange out of banking hours	1% extra fee applies to exchange out of banking hours
Team member access	10 users - then 5 USD/ team member	30 users without any fees - then 5 USD/ team member	100 users without any fees - then 5 USD/ team member	Custom
ATM fair usage	Up to 2% value of withdrawal	Up to 2% value of withdrawal	Up to 2% value of withdrawal	Up to 2% value of withdrawal

Open and manage your account online or in the Revolut app
Hold and transact 28 currencies - depending on your needs and your account plan you may be able to get no-fee currency exchange at the mid-market exchange rate
Access to physical and virtual debit cards which you can manage online and in the Revolut app
Get local accounts in USD and GBP
Different account plans to suit different business types - with a large range of features available to all account types, including the no-fee business account plan
Picking the right plan for your transaction levels may mean you save on currency exchange and international payments, compared to a regular bank

No face to face customer service available
All accounts have limited numbers of no-fee transactions - expect to pay a fee beyond this
Fees apply on out of hours currency exchange, so you’ll need to keep an eye on the time (ET) when you transact
Limits apply to transactions like ATM withdrawals - usually set at 3,750 USD/day
Local receiving accounts available in only 2 countries, which may be limiting if you receive international payments from a range of locations
Online account providers don’t tend to offer the full range of services a regular bank can

We’ve taken a look at the fee structures for different account plans - let’s now run through some of the features available to all Revolut business account plan types:

No-fee payments to other Revout accounts
Hold and exchange 28 currencies
GBP and USD receiving accounts
Physical and virtual cards for team members
Manage recurring payments online and in the Revolut app
Spend with your linked card in 150+ currencies

If you choose to upgrade to one of the paid account packages you can also unlock extra features such as:

Priority customers service
Team member permissions
Expense management
Bulk payments
Business API

To apply for a Revolut business account you’ll need to meet a set of eligibility criteria:

You must run an eligible business type, like an LLC
Your business must have a physical presence in the region you’re opening an account for
Your business must be in a supported industry

You may be asked to prove all of the above. While most legal businesses are eligible for Revolut accounts, some business types like charities - and industries like gambling - are not supported. You’ll also need to make sure you and your business meet Revolut’s test for physical presence. This will usually mean the applicant and at least one owner live in the region you’re applying for, and your business is registered there.

Digital account providers do not have physical branches you can call into when you have a question about your account. However, there are several ways to get help from Revolut online and in-app: