Revolut Business Account Review: Pros, Cons and Fit

Our Verdict on the Revolut Business Bank Account

Revolut is the best business account for companies that move money across currencies or run a team on expense cards. If your payments stay in sterling, it isn’t: Starling does the same job for free, and the plan fee buys you nothing.

Above roughly £15,000 a month in currency conversion, Revolut Grow at £30/month starts paying for itself against pay-per-transfer rivals like Wise. Below £1,000, Basic covers it; in between, model your last three months of FX before committing.

Since 11 March 2026 Revolut holds a full UK banking licence, so eligible deposits are FSCS-protected up to £120,000, the same cover as Starling. Most reviews still frame this as e-money Revolut versus bank Starling; that gap has closed.

The standing catch is invoicing. There is none on any plan, so if you raise and chase invoices from your banking app you need a second tool from day one.

Key Pros and Cons

Who Revolut Is Best For

Pick Revolut if you hold or send money in EUR, USD, or other currencies regularly.

A consultant billing US clients in dollars the last Friday each month. An import buyer paying European factories before a Wednesday container release. An agency running cross-border supplier costs into quarterly close.

Multi-employee teams come second. If you’re issuing cards to three or more people and need per-employee limits with merchant locks, Grow at £30/month covers that natively. Starling and Tide don’t.

Avoid Revolut if you bank only in sterling. Basic’s 10 free transfers is a ceiling, not a working allowance. Most active businesses hit it within days, not weeks.

Skip Revolut if invoicing matters. It has none on any plan. You would run a separate invoicing tool alongside it from day one.

Revolut Account Eligibility and Application

Who Can Open a Revolut Account

You can apply as a sole trader, limited company, LLP, or partnership registered in the UK. Eligibility’s wider than Monzo Business. We confirmed the entity types from revolut.com in May 2026.

No minimum trading history is required for most business types. Charities and certain regulated sectors face additional checks. If you’re in one of those categories, confirm at revolut.com before applying.

Accounts opened before 11 March 2026 need checking. They still sit with the prior e-money entity (Revolut Ltd) and are migrating to Revolut Bank UK Ltd in phases, so your FSCS protection depends on whether your account has moved across yet.

If you opened recently, your account is held by Revolut Bank UK Ltd from day one. We’d suggest confirming your status at revolut.com before depositing significant working capital.

What You Need to Apply

Your application runs through the Revolut app. Photo ID, a selfie, and address proof. Limited companies need Companies House registration details and information about ultimate beneficial owners.

Sole traders take the lighter route. Identity documents and address confirmation are usually enough. No branch visits. No paper forms. The identity check is automated and most applications complete within one to two business days.

If your business sits in a higher-risk category, expect manual review rather than the one-to-two-day automated path, and ask for an indicative timeline up front. We checked the application flow against revolut.com in May 2026.

Revolut Account Fees and Pricing

Monthly Fees and Plan Options

There’s no free plan. You choose Basic at £10/month, Grow at £30/month, Scale at £90/month, or Enterprise at custom pricing. We confirmed these prices at revolut.com in May 2026.

Basic includes 10 free local transfers and £1,000 of FX. Grow steps up to 100 transfers, £15,000 FX, and 5 free SWIFT internationals. Scale moves to 1,000 transfers, £60,000 FX, and 25 free SWIFT.

The plan ladder is built for FX volume, not domestic activity. A UK-only operation pays £120 a year for Basic and gets what Starling delivers free. That’s the maths you need to run first.

When your monthly FX sits above £15,000, Grow earns its cost. Below £1,000, Basic covers you. The middle band, £3,000 to £8,000 monthly FX, is where the plan choice gets hard.

Plan	Monthly Fee	Free Local Transfers	Free FX	Free SWIFT
Basic	£10	10	£1,000	None
Grow	£30	100	£15,000	5
Scale	£90	1,000	£60,000	25
Enterprise	Custom	Custom	Custom	Custom

Transaction Fees and Charges

Above your monthly allowance, local transfers cost 20p each. International SWIFT transfers cost £5 each on Basic, and £5 each above the free allowance on Grow and Scale. We checked these in May 2026.

FX above the monthly allowance is charged at 0.6%. At £50,000 of additional FX beyond Scale’s £60,000 allowance, that’s £300 in markup alone, separate from the £90 plan fee. The fee compounds fast.

A weekend FX markup applies when markets are closed. Revolut confirms it exists but the exact rate isn’t on the pricing page at time of review. Schedule large conversions for weekday market hours.

If you send five SWIFT payments on Basic chasing month-end supplier deadlines, that’s £25 in transfer fees on top of the £10 plan fee. £35 before any FX volume. Compare that to Wise, which charges per transfer at the interbank rate with no monthly commitment.

No cash deposit channel exists on any plan. ATM withdrawals carry charges above the daily free limit. Confirm current ATM and card limits at revolut.com before relying on any specific figure.

Revolut Features and Business Banking Tools

Invoicing and Expense Management

Revolut doesn’t offer invoicing on any plan. Not Basic. Not Grow. Not Scale. We checked again at revolut.com in May 2026. If you need to create, send, and chase invoices from your banking app, Revolut is the wrong product.

Tide includes invoicing free on its starter plan. FreeAgent and QuickBooks handle invoicing alongside any current account. If your VAT quarter depends on raising invoices in the same app, plan for a second tool from day one.

On expense management, the picture changes. Team expense cards with per-employee spending limits, merchant locks, and category restrictions sit on Grow and Scale. Receipts can be captured in the app and tagged for export.

Picture a five-person sales team submitting expenses after Wednesday client visits. The receipt’s photographed on the phone, attached to the transaction, and reconciled to the right job by the time your bookkeeper opens Xero on Thursday. That cuts the month-end close noticeably.

Integrations and Accounting Software

Your accounting integration options include Xero, QuickBooks, and FreeAgent. Sage is listed too. We’d test that connection directly before relying on it for quarter-end reconciliation if Sage is critical to your stack.

The Open API sits on Scale only. ERP integration, triggered payment workflows, and automated supplier runs aren’t available on Basic or Grow. Most reviews skip this because the plan-tier mapping is undocumented.

If you’re building an internal finance stack and need API-driven payment runs, Scale at £90/month is the entry point. Below that, you’re stitching the workflow together manually or with a separate provider.

Multi-user access with role-based permissions runs on all paid plans. Add team members, accountants, or bookkeepers with view-only or transactional access. Useful when your accountant needs read access mid-quarter but not card control.

Revolut Card Usage and Payments

Spending, Transfers and Limits

You can issue physical and virtual Mastercards to your team with per-employee spending limits and merchant locks. Card freezes happen in-app. Real-time transaction notifications hit your phone the moment a card is used.

Domestic card purchases are free. ATM withdrawals are free up to a daily limit, then 2% above it. Card spend abroad is free up to a monthly limit, then 1% to 2% depending on plan. Confirm the current limits at revolut.com.

Your daily and monthly transfer caps scale with the plan. Plan upgrades raise them; downgrades pull them back down. If you’re running a Friday payroll that breaches the daily cap on Basic, the upgrade decision makes itself.

No overdraft. No business credit card on the same product as of May 2026. If you need an embedded credit line, check revolut.com for any current products before depositing your operating balance.

Overseas Payments and FX Fees

Multi-currency accounts in 25+ currencies are the product’s core differentiator. You receive USD, EUR, and 23+ other currencies into separate sub-accounts at no extra cost. No automatic conversion to GBP on receipt. You choose when to convert.

When a New York client pays your USD invoice on a Friday afternoon, the funds sit in the USD sub-account. You convert when the rate suits you, not when the payment lands. Starling and Tide don’t offer this.

FX runs at the interbank rate within your monthly allowance and 0.6% above it. Wise charges per transfer at the interbank rate with no monthly commitment. The cost crossover sits near £15,000/month consistent FX.

Above that volume, Revolut Grow typically wins on cost. Below it, Wise is usually cheaper because you avoid the £30 monthly commitment. We’d model your last three months of FX before picking.

A weekend FX markup applies when markets are closed. The exact rate isn’t published as of May 2026. For any conversion above £5,000, schedule it for weekday market hours and confirm the live rate before pressing send.

Revolut Customer Reviews and Ratings

Revolut holds 4.6/5 on Trustpilot from 280,000+ reviews. We checked the score directly at Trustpilot.com in May 2026, not through an aggregator. For a business account with this volume of reviews, 4.6 is high.

For context: Starling sits at 4.1/5 on Trustpilot; Tide at 4.3/5; Monzo at 4.6/5. The 280,000-review volume gives the Revolut figure more statistical weight than smaller competitors.

Positive reviews cluster around FX functionality, multi-currency accounts, the app experience, and team expense management. The features that command the monthly fee are the features customers actually praise.

Negative reviews follow a clear pattern. Account restrictions triggered by automated fraud checks. Slow chat support when those restrictions hit. No general phone line. That mirrors other digital challengers, not a Revolut-specific failure.

Think twice about Revolut as your only banking provider if your business handles time-sensitive payments. Payroll on the 25th. Supplier deadlines on a Friday. VAT due on the 7th. Chat support is slower than a phone line when the clock is running.

We’d suggest pairing Revolut with a backup account at a high-street bank for businesses that can’t tolerate any restriction-driven outage. That’s the dual-account pattern experienced FX-heavy operators tend to run.

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