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.
- Revolut Business is now FSCS-protected up to £120,000 as a full UK bank.
- Hold and exchange 25-plus currencies inside one account at interbank rates.
- Team expense cards and spend controls are available across all Revolut plans.
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. We confirmed the licence from the FCA register in April 2026.
Avoid Revolut if invoicing matters — there’s no invoicing on any plan, while Tide handles invoicing at no monthly charge. That gap is structural and it’s not on Revolut’s roadmap.
Revolut Business Account at a Glance
Our Verdict
Choose Revolut if you regularly hold or send money in multiple currencies and your monthly FX volume sits above £1,000. The banking licence eliminated the prior trade-off between FX functionality and statutory deposit protection.
Skip Revolut if your payments are primarily UK-based or you need invoicing. Starling does free domestic transfers with the same FSCS cover; Tide includes free invoicing on its free plan.
Best For
Limited companies, sole traders, and partnerships that send or receive payments in EUR, USD, or other major currencies, run team expense cards, or need API automation at consistent monthly FX volume.
Not Ideal For
UK-only businesses making regular domestic transfers (Basic’s 10/month ceiling is too tight), and businesses that need to invoice clients from the same app — Revolut doesn’t offer invoicing at any plan level.
Key Facts
Plans from £10/month (Basic) to £90/month (Scale), plus custom Enterprise pricing. FSCS-protected up to £120,000 since 11 March 2026 under Revolut Bank UK Ltd. Sole traders, LTDs, LLPs, and partnerships eligible. Confirmed from revolut.com and FCA register, April 2026.
Revolut Business Basic Account
All Revolut Business Account Plans
Revolut runs three plans: Basic (£10/month), Grow (£30/month), and Scale (£90/month). Each tier raises the free transfer allowance, international transfer cap, and FX limit. All plans include FSCS protection and 25+ currency accounts. No plan includes invoicing.
Revolut Business Grow
Revolut Business Scale
What Is Revolut Business Account and How Does It Work?
How the Account Works
You hold GBP alongside EUR, USD, and 22+ other currencies in the same Revolut Business account, converting between them at the interbank rate within your monthly plan allowance. The current account is a UK account regulated by the PRA and FCA since March 2026.
Each plan tier includes a free monthly transfer count and a free FX allowance — above those limits, per-transfer charges and a 0.6% FX markup apply. That ceiling is the structural cost risk the plan model introduces, and the key number to test against your actual volume.
Who the Account Is Designed For
Revolut built this for businesses that move money internationally at consistent volume, manage distributed teams with expense cards, or need API payment automation. Import businesses, export-focused agencies, and SaaS companies billing in USD all map to the product profile.
When a consultant on a Friday afternoon receives a USD invoice payment from a New York client, Revolut credits the USD account at the interbank rate and the consultant decides when to convert to GBP — a workflow most domestic-only banks can’t replicate.
How to Open an Account
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.
Your identity check is automated and usually completes within one to two business days. No branch visits required. We confirmed the application flow against revolut.com in April 2026.
Account Plans and Pricing
Free and Paid Plans
There is no free plan — you must choose between Basic at £10/month, Grow at £30/month, Scale at £90/month, or Enterprise at custom pricing. We confirmed these from revolut.com in April 2026.
Each plan includes free local transfer and FX conversion allowances; charges apply above those limits, so your actual monthly cost depends on whether your transfer volume exceeds the ceiling.
| 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 |
Monthly Fees
Basic at £10/month suits a freelance consultant with one or two EUR invoices a month and under 10 domestic transfers. Grow at £30/month is the practical entry for any business running regular supplier payments alongside international receipts.
For a UK-only operation, the £10/month Basic fee is hard to justify against Starling’s £0/month with the same FSCS cover and no transfer limit.
Transaction and Transfer Fees
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.
When you send five SWIFT payments on Basic, that’s £25 in transfer fees on top of the £10 plan fee — £35 before any FX volume. Wise charges per transfer at the interbank rate with no commitment for direct comparison.
Cash Deposit, ATM and Card Charges
Cash deposits are not available on any plan — if your business handles cash regularly, you need a different provider. Card spending in the UK is free; ATM withdrawals carry a 2% fee above the daily free limit.
Overseas card spending is free up to monthly limits, then 1% to 2% depending on plan. Confirm the current overseas card and ATM limits 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 | ||
Banking Features
Payments, Transfers and Direct Debits
UK faster payments, direct debits, and standing orders are all supported on every plan, but you need to track your monthly transfer count — above the per-plan free allowance, each local transfer costs £0.20.
Batch payment processing on Grow and Scale lets you upload multi-payee files in a single run — useful for paying ten or more suppliers without building each transfer manually.
Cards and Expense Cards
You can issue physical and virtual Mastercards to employees with individual spending limits, category restrictions, and merchant locks. Receipts can be captured in the app; spend can be tagged and exported.
Multi-employee businesses choose Revolut over free domestic options precisely because Starling and Tide do not replicate these team expense controls natively — per-employee limits and merchant locks in one account.
Accounting Integrations and Business Tools
Your accounting integration options include Xero, QuickBooks, and FreeAgent. Sage is also listed, though we would test that connection directly before relying on it for end-of-month reconciliation if Sage is critical to your workflow.
There is no native invoicing on any plan — a gap that requires a separate tool. If you need to create, send, and chase invoices from the same app, Tide or FreeAgent handles that.
Multi-User Access and Spending Controls
You get multi-user access on all paid plans with role-based permissions — add team members, accountants, or bookkeepers with view-only or transactional access.
If you need to enforce approval workflows alongside per-employee spending limits, those controls sit natively in the same product as the team expense cards — giving finance leads granular oversight of distributed team spend.
Savings, Credit or Other Extra Features
Only Scale-tier subscribers get Open API access for payment automation and ERP integration — reconciliation scripts, triggered workflows, and connector-driven payment runs are not available on Basic or Grow.
No native overdraft or business credit card on the same product as of April 2026 — if you need an embedded credit line, check revolut.com for any current products before applying.
International Features
Sending International Payments
International transfers cost £5 each on Basic, with 5 free per month on Grow and 25 free on Scale. Above those allowances, £5 each. SWIFT payments and SEPA are both supported.
When a finance director sends 30 supplier payments to EU manufacturers on a Tuesday, Grow’s 5 free internationals plus 25 paid at £5 = £125 in transfer fees, on top of the £30 plan fee — predictable, but not cheap.
Receiving International Payments
Multi-currency accounts let you receive USD, EUR, and 23+ other currencies into separate sub-accounts at no extra cost. No automatic conversion to GBP on receipt — you decide when and at what rate to convert.
When your EUR client pays in EUR, the funds sit in the EUR sub-account until you convert. Wise Business does the same; Starling and Tide don’t.
Foreign Exchange Fees and Currency Support
FX conversion is free up to your monthly allowance at the interbank rate. Above the allowance, a 0.6% markup applies. A weekend markup also applies when markets are closed; the exact rate isn’t on the pricing page at time of review.
You need to schedule large conversions during weekday market hours to avoid the weekend markup — confirm current weekend rates at revolut.com before any significant conversion. At consistent £15,000+/month FX, Revolut Grow is typically cheaper than Wise; at irregular volume, Wise wins.
Eligibility and Account Limits
Who Can Apply
You can apply as a sole trader, limited company, LLP, or partnership — eligibility is wider than Monzo Business. We confirmed these entity types from revolut.com in April 2026.
Your deposits are FSCS-protected up to £120,000 per eligible depositor, the same statutory cover as Starling, after Revolut Bank UK Ltd received its UK banking licence from the PRA on 11 March 2026 and came under dual PRA and FCA regulation.
Supported Business Types
If you trade as a sole trader, LTD, LLP, or partnership, you can apply — eligibility is broader than Monzo Business. Charities and certain regulated industries may be excluded; check revolut.com before applying.
Account Limits and Restrictions
Your plan determines daily and monthly caps for card spending and ATM withdrawals — and account restrictions can be triggered by automated fraud checks, which is the most common complaint in negative reviews.
If you opened an account before the licence was granted in March 2026, confirm your specific protection status and account terms at revolut.com.
App, Online Banking and User Experience
Mobile App Experience
The Revolut Business app sits on the same platform as the consumer app — for users already on Revolut personally, the context switch is trivial. The business interface is meaningfully more capable, with team controls, FX scheduling, and batch payments built in.
Real-time transaction notifications, in-app card freeze, and live FX rate displays are all standard, and your transfer counter is visible on the home screen so you can track mid-month whether you will exceed the plan allowance.
Web and Desktop Access
If you manage bulk payments or configure team permissions, you need the web dashboard — it is more capable than most challenger bank portals, with accounting integration setup, batch payment upload, and full team permission management all accessible from a browser.
Ease of Day-to-Day Account Management
Currency switching, FX scheduling, and team card approvals are all fast flows — the admin overhead is lower than the feature depth might suggest, and your day-to-day run in both app and web is quick.
We rate the day-to-day flow the strongest in the multi-currency challenger space for April 2026 — ahead of Starling for FX, comparable to Wise for international transfers, and faster than most domestic-only accounts at managing team card spend.
Customer Reviews and Reputation
What Customers Like
If you need a quick reputation check before applying: Revolut Business holds a 4.6/5 Trustpilot score confirmed directly in April 2026, with FX functionality and multi-currency accounts driving the most positive reviews.
Team expense controls earn consistent positive mentions from field-based and distributed teams who need per-employee card limits and receipt capture in one place.
Common Complaints
The risk to know before opening: negative review patterns cluster around account restrictions from automated fraud checks, delayed support when restrictions hit, and the absence of a phone line. This mirrors other digital challengers, not a Revolut-specific failure.
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 line when urgency matters.
Customer Support and Service
Support Channels and Availability
Your support options are in-app chat and email only on Basic and Grow; priority routing is included on Scale, and dedicated relationship managers come with Enterprise pricing.
If you need telephone support for routine queries, avoid Basic or Grow — there is no general phone number on either plan, a recurring complaint. Confirm current support channels at revolut.com before relying on a specific route.
Help Centre and Self-Service Resources
You can search revolut.com/help for setup guides, plan upgrades, and integration walkthroughs, but the help centre is less useful for incident-specific problems where you need a human to act on a restricted account.
Security, Regulation and FSCS Protection
Regulation and Authorisation
Your deposits at Revolut Bank UK Ltd are backed by full PRA and FCA regulation since 11 March 2026, confirmed from the FCA register in April 2026. This is the authorisation that unlocks FSCS protection.
This is a different legal entity and regulatory basis from the prior e-money operation — existing accounts may need to migrate to the new banking entity, so confirm your status at revolut.com.
FSCS Protection or Safeguarding
Deposits in Revolut Bank UK Ltd are FSCS-protected up to £120,000 per eligible depositor — the same statutory protection as Starling and other licensed UK banks.
If you opened an account before March 2026, your funds may still be on e-money safeguarding via partner banks rather than FSCS cover — confirm your specific protection status at revolut.com before relying on statutory FSCS protection.
Security Features
Your account includes biometric login, in-app card freeze, real-time push notifications on every transaction, and category-level merchant locks as standard features. Two-factor authentication covers logins and high-value transfers.
Pros and Cons
Pros
- UK banking licence; FSCS-protected to £120,000 since March 2026
- 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
- Open API on Scale for ERP and automation use cases
Cons
- 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 Business Account Is Best For
Best Use Cases
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, agencies managing European supplier costs — the 25+ currency accounts earn their monthly cost here.
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.
When to Consider Alternatives
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.
Skip Revolut if invoicing matters — Tide handles invoicing natively at no extra cost. That gap is structural and isn’t on Revolut’s roadmap.
Revolut Business Account vs Alternatives
Revolut vs Wise
If your monthly FX sits above £15,000, Revolut Grow typically wins on cost over Wise — but the plans charge a fixed monthly fee whether you use the allowance or not, while Wise charges per transfer at the interbank rate with no commitment.
Choose Wise over Revolut if your FX volume is irregular or you make fewer than 5 international transfers per month — Wise is more predictable on cost. The FSCS gap closed in March 2026: Revolut is now FSCS-protected; Wise remains FCA-licensed e-money safeguarding.
Revolut vs Starling
Both are FSCS-protected since March 2026, but the cost gap is real: Starling charges nothing per domestic transfer with no monthly fee, while Revolut Basic charges £10/month and caps you at 10 free transfers. For UK-only businesses, Starling wins.
Pick Revolut over Starling only if you need multi-currency holdings, team expense controls, or API automation. None of those exist natively on Starling.
Revolut vs Tide
Choose Tide if invoicing and Sage integration matter — Tide includes both on its free plan, features Revolut does not offer at any plan level. The trade-off is 20p per outgoing UK faster payment and no multi-currency accounts.
If FSCS protection matters alongside your invoicing requirement, that is the gap Tide cannot close — Tide is e-money safeguarded through ClearBank, not FSCS-protected, while Revolut now is. The choice is invoicing/Sage (Tide) vs multi-currency/FSCS (Revolut), not a one-sided win.
Final Verdict: Is Revolut Business Account Worth It?
For international businesses, the March 2026 banking licence removes the only structural objection to Revolut as a primary account — FSCS protection plus multi-currency in one product is a combination that did not exist in this form pre-licence.
For UK-only operations, Starling still wins on cost and simplicity. For businesses that invoice clients from the same app, Tide still wins. For businesses that move money internationally at consistent volume, Revolut is now a structurally stronger choice than it was a year ago.
Your plan choice should be driven by actual monthly FX volume: Basic suits under £1,000/month; Grow is the realistic entry above that; Scale earns its £90/month above £15,000/month FX. We confirmed all figures from revolut.com in April 2026.
Frequently Asked Questions
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 Business Grow
Revolut Business Scale
Wise Business Account
Starling Bank Business Current Account
Tide Free Business Account
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.
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.