Revolut Business Account Review: Pros, Cons and Fit
Revolut: FSCS-protected since March 2026, multi-currency accounts in 25+ currencies, FX at interbank rates. Basic costs £10/month with 10 free local transfers; no invoicing on any plan.
Multi-currency accounts in 25+ currencies, FSCS deposit protection from March 2026, and team expense management. At the cost of a plan-based transfer limit and no invoicing on any tier.
- UK banking licence; FSCS-protected to £120,000
- Hold balances in 25+ currencies
If you need multi-currency banking with FSCS protection, Revolut Business received its full UK banking licence on 11 March 2026. Deposits are FSCS-protected up to £120,000, the same statutory cover as Starling. That shifts the trade-off between Revolut and Starling: deposit protection and FX functionality are no longer mutually exclusive.
We confirmed the licence from the FCA register in April 2026.
Your multi-currency model is the core feature. Revolut holds balances in 25+ currencies, converts at the interbank rate within your monthly plan allowance, and includes team expense cards with individual spending limits.
Choose your plan based on transfer volume. Basic at £10/month gives 10 free local transfers and £1,000 of free monthly FX. Grow at £30/month raises both to 100 transfers and £15,000 of FX, the realistic plan for businesses with regular international payments.
You should avoid Revolut if invoicing matters. There’s no invoicing on any plan, while Tide handles invoicing at no monthly charge. Revolut doesn’t offer it at any price point.
When you send international payments, the plan tier you choose determines your FX cost. At 10 transfers per month within Basic’s allowance you pay nothing extra; beyond that allowance, each transfer incurs a per-transaction fee.
Our Verdict on the Revolut Business Bank Account
You should reconsider Revolut if you need FSCS protection. The banking licence, granted on 11 March 2026, eliminated the trade-off between deposit protection and FX functionality. Before March, choosing Revolut meant accepting no statutory protection. That trade-off is gone.
Your plan choice matters because the model rewards volume. Basic at £10/month looks accessible until you realize that 10 free local transfers is a hard ceiling. One batch of supplier payments and you’re paying 20p each for the rest of the month.
Grow at £30/month is the realistic entry point if you run regular payments alongside FX. Your choice depends on monthly transfer count and FX volume.
For UK-only businesses, Revolut’s plan costs are hard to justify. Starling charges nothing per domestic transfer, has no monthly fee, and now has the same FSCS protection. There’s no multi-currency advantage to price against if you never use it.
Key Pros and Cons
- UK banking licence; FSCS-protected to £120,000
- Multi-currency accounts in more than 25 currencies
- FX at interbank rates within monthly plan allowances
- Team expense cards with individual spending limits on paid plans
- Batch payment processing on Grow and Scale plans
- Accounting integrations: Xero, QuickBooks, and FreeAgent
- Basic plan: only 10 free local transfers per month. 20p each thereafter.
- International transfers: £5 each on Basic; 5 free then £5 each on Grow
- No invoicing on any plan: a separate tool is always required
- FX above monthly allowance charged at 0.6% markup
- Weekend FX markup confirmed to exist: exact rate not published on pricing page
Who Revolut Is Best For
You should choose Revolut if you regularly move money in more than one currency. Import businesses waiting on EUR payments, consultants billing US clients in dollars, small agencies managing European supplier costs. The 25+ currency accounts earn their monthly cost here.
Your plan choice depends on FX volume. If your monthly FX sits above £15,000, Grow at £30/month is straightforward. Below £1,000, Basic covers you. The £3,000–£8,000 band is the harder call.
Avoid Revolut if your payments are primarily UK-based. Basic’s 10-transfer ceiling is too tight, and you’d pay £10/month for what Starling delivers free.
You also don’t want Revolut if invoicing matters. Tide handles invoicing natively; Revolut has no invoicing on any plan. That gap is structural.
Revolut Business Basic Account
Revolut Account Eligibility and Application
Who Can Open a Revolut Account
You can open a Revolut account as a sole trader, limited company, partnership, or LLP. We confirmed eligibility from revolut.com in April 2026.
Your deposits are protected: Revolut Bank UK Ltd received its UK banking licence from the PRA on 11 March 2026. It’s regulated by both the PRA and the FCA.
Your deposits are FSCS-protected up to £120,000 per eligible depositor, the same statutory protection as Starling. We confirmed this from the FCA register in April 2026.
If you opened an account before the licence was granted, confirm your specific protection status at revolut.com.
What You Need to Apply
Your application runs through the Revolut app with photo ID and a selfie. Limited companies need proof of business registration; sole traders need identity documents and address confirmation. Confirm requirements at revolut.com before starting.
You benefit from fast processing: Revolut applies automated identity checks, with applications typically complete within one to two business days. No branch visits required.
Revolut Account Fees and Pricing
Monthly Fees and Plan Options
You can choose from four plans: Basic at £10/month, Grow at £30/month, Scale at £90/month, and Enterprise at custom pricing. We confirmed these from revolut.com in April 2026. Confirm current pricing before applying.
Your plan choice depends on monthly volumes. Each plan includes free local transfer and FX conversion allowances; charges apply above those limits.
| Plan | Monthly Fee | Free Local Transfers | Free FX Allowance |
|---|---|---|---|
| Basic | £10 | 10/month | £1,000/month |
| Grow | From £30 | 100/month | £15,000/month |
| Scale | From £90 | 1,000/month | £60,000/month |
| Enterprise | Custom | Custom | Custom |
You should choose Basic only if you’re a freelance consultant with one or two EUR invoices a month and under 10 domestic transfers. Grow is the practical entry for any business running regular supplier payments alongside international receipts.
If your cash flow is tight and you need to send 15 payments in a month, Basic’s 10-transfer ceiling costs you £1 in overage, on top of the £10 account fee you’re already paying. That’s the model.
Transaction Fees and Charges
Local transfers above your monthly allowance cost £0.20 each. International transfers cost £5 each on Basic, with 5 free per month on Grow and 25 free on Scale, then £5 each above those allowances. We confirmed these fees from revolut.com in April 2026.
ATM withdrawals carry a 2% fee above the daily free limit.
You should watch international transfer fees on Basic. Five SWIFT payments cost £25; add the £10 account fee and you’re at £35. Wise offers a direct comparison with per-transfer charges at the interbank rate and no commitment.
FX above your monthly allowance carries a 0.6% markup. A weekend markup also applies when markets are closed; the exact rate wasn’t on the pricing page at time of review. Schedule large conversions during weekday market hours and confirm current weekend rates at revolut.com.
| Fee Type | Basic | Grow | Scale |
|---|---|---|---|
| Monthly fee | £10 | From £30 | From £90 |
| Local transfers (free allowance) | 10/month | 100/month | 1,000/month |
| Local transfers (above allowance) | £0.20 each | ||
| International transfers (free) | None | 5/month | 25/month |
| International transfers (above allowance) | £5 each | ||
| FX within monthly allowance | Interbank rate | Interbank rate | Interbank rate |
| FX above monthly allowance | 0.6% markup | ||
| ATM withdrawals (above daily limit) | 2% fee | ||
Revolut Features and Business Banking Tools
Invoicing and Expense Management
If invoicing matters, Revolut isn’t the account for you. Invoicing is absent at any plan level, while Tide handles it natively.
What you get is team expense management. Issue physical and virtual cards to employees with individual limits and track expenses by category.
You benefit from batch payment processing on Grow and Scale. Upload a file and it processes at once, removing the manual approach for businesses paying ten+ suppliers.
Integrations and Accounting Software
You can connect Revolut to Xero, QuickBooks, and FreeAgent. Sage is also listed, though this is a vendor-published claim. Test the Sage connection directly if critical to your workflow.
If you need payment automation, the open API is available on the Scale plan. Reconciliation scripts, ERP connections, and triggered workflows are possible. Confirm current requirements at revolut.com.
Revolut Card Usage and Payments
Spending, Transfers and Limits
Your card purchases are free on the Revolut Business Mastercard. Local transfers are free within your allowance, then £0.20 each. ATM withdrawals carry a 2% fee above the daily limit. We confirmed these from revolut.com in April 2026.
You should check the transfer counter on Grow if you regularly send 80 to 90 transfers in a heavy week: paying contractors, refunding customers, moving funds. You’ll know by mid-month whether you need Scale. The counter is visible in the app.
Overseas Payments and FX Fees
FX conversion is free up to your monthly allowance at the interbank rate. Above the allowance, a 0.6% markup applies.
You should schedule large conversions during weekday market hours because a weekend markup applies when markets close. The exact rate wasn’t on the pricing page at review; confirm at revolut.com before weekend conversions.
Your 25+ currency accounts let you hold GBP, EUR, USD separately. When your EUR supplier invoice arrives at a poor rate, pay from an existing EUR balance instead of converting at the day’s rate.
You should compare Revolut to Wise if FX is regular. Both use competitive rates, but Wise charges per transfer without monthly commitment. For irregular volumes, Wise is often more predictable. For FX above £15,000/month, Revolut’s Grow plan is typically cheaper.
Revolut Customer Reviews and Ratings
You can trust Revolut Business: it holds a 4.6 out of 5 Trustpilot rating, verified directly in April 2026.
Your FX functionality is what earns positive reviews. Businesses handling regular EUR or USD exposure credit the FX rates and conversion speed most. Team expense controls also get consistent positive mentions from field-based and distributed teams.
You should be aware of negative patterns: account restrictions from automated fraud checks, delayed support when restrictions hit, and no phone line. This mirrors other digital challengers.
You should avoid Revolut as your primary account if your business handles time-sensitive payments: payroll on the 25th, supplier deadlines, tax payments due Friday. Chat support is slower than a phone when urgency matters.
FAQs
Is Revolut Business FSCS-protected?
Yes, as of March 2026. Revolut received its full UK banking licence from the PRA on 11 March 2026. The operating entity is Revolut Bank UK Ltd. Deposits are FSCS-protected up to £120,000 per eligible depositor. Before the licence was granted, Revolut operated as an e-money institution and funds were safeguarded rather than FSCS-insured. If you opened an account before the licence was granted, confirm your specific protection status at revolut.com. We confirmed the banking licence and regulatory status from the FCA register in April 2026.
What are the Revolut Business plan prices?
Revolut Business offers four plans: Basic at £10/month, Grow at £30/month, Scale at £90/month, and Enterprise at custom pricing. Each plan includes a monthly allowance of free local transfers (10, 100, and 1,000 respectively) and a free FX conversion allowance (£1,000, £15,000, and £60,000). We confirmed these figures from revolut.com in April 2026. Confirm current pricing before applying.
Does Revolut Business offer invoicing?
No. Revolut Business doesn’t offer invoicing on any plan. If you need to create, send, and track invoices from your banking provider, Tide includes built-in invoicing on its free plan. FreeAgent and QuickBooks handle invoicing separately if you already use them alongside Revolut. Confirm current Revolut features at revolut.com.
Is Revolut Business better than Wise for international payments?
It depends on your payment frequency and monthly volume. Wise charges per transfer at the interbank rate with no monthly fee. Revolut charges a monthly plan fee but includes a free FX allowance and free transfer allowance. At consistent FX above £15,000/month, Revolut’s Grow plan typically costs less. At irregular or lower FX volumes, Wise’s pay-per-transfer model is usually more predictable. Compare against your actual last three months of FX patterns.
Can a sole trader open a Revolut Business account?
Yes. Revolut accepts sole traders, as well as LTDs, LLPs, and partnerships. We confirmed the current eligibility list from revolut.com in April 2026. Confirm current eligibility requirements and documentation at revolut.com before applying.
What happens when you exceed the Revolut FX allowance?
A 0.6% markup applies to currency conversions above your monthly plan allowance. A weekend FX markup also applies when markets are closed; Revolut confirms this exists but the exact rate wasn’t on the pricing page at time of our April 2026 review. Schedule large conversions during weekday market hours, and confirm current above-allowance and weekend rates at revolut.com before your next significant conversion.
Revolut Alternatives
You should consider alternatives depending on your specific need. Wise suits irregular FX volumes without monthly commitment. Starling suits UK-focused businesses wanting free transfers and FSCS protection. Tide suits businesses that invoice clients. Each addresses a different Revolut gap.
Wise Business Account
Starling Bank Business Current Account
Tide Free Business Account
Methodology and Disclosure
We reviewed current pricing, plan structure, and eligibility from revolut.com in April 2026. We confirmed the banking licence and FSCS protection status from the FCA register. We didn’t use comparison site or affiliate aggregator summaries for product claims.
Revolut is reviewed here because the multi-currency model creates a genuine decision tension, and the March 2026 banking licence changes the protection calculus.
Both the advantages and plan-cost trade-offs are presented so you can make an informed choice.
Some links are affiliate links. If you open an account through one, we may earn a commission at no cost to you. This doesn’t affect our judgements. See our editorial policy for details.