If you run a UK business that deals in multiple currencies, works with remote teams, or needs to make financial admin faster or easier, Revolut Business stands out as a modern, flexible bank account. It offers fast onboarding, transparent FX rates, and automation tools that reduce time-wasting tasks. I’ve used it personally and found it ideal for managing international payments, issuing team cards, and syncing with accounting platforms like Xero.
But it’s not perfect. Customer support can be slow and impersonal, FSCS protection isn’t included, and unexpected account freezes happen, which can be disruptive if you rely on it as your main account.
In this review, I’ll summarise the key features, pricing, and user experience based on real-world use. Whether considering Revolut as your primary business account or a side tool for handling overseas payments, this guide will help you make the right call.
Revolut Business Basic Account
Revolut Business Grow Account
Revolut Business Scale Account
Should You Open a Revolut Business Account?
Revolut Business is a strong choice if your business operates internationally, invoices overseas clients, or manages remote teams. From my experience, it’s fast to set up (under 10 minutes), easy to use, and packed with features like virtual cards, multi-currency accounts, and Xero integration that genuinely simplify finance admin.
However, it’s not suitable for everyone. There’s no FSCS protection, so holding large balances is risky. Support is mostly chat-based, which can be frustrating when complex issues arise. Sudden account reviews and extra document requests can also unexpectedly disrupt younexpectedly ur cash flow.
If your business needs speed, automation, and multi-currency control, and you’re comfortable managing your own support issues, Revolut works well as an operational account. But if you handle cash regularly, need guaranteed protection, or rely on phone support, you should consider Revolut a secondary account alongside a traditional bank.
In short, it’s excellent for growth-focused, digital businesses, but not a complete replacement for all types of companies.
Revolut Business Account At A Glance
| Feature | Details |
|---|---|
| Best for | Multi-currency businesses, remote teams, and online-first companies |
| Sole trader access | ❌ Not available for UK sole traders |
| Monthly fees | £10 (Basic), From £30 (Grow), £90 (Scale), Enterprise (custom) |
| FX rates | Interbank up to allowance, then 0.6% markup (1% out-of-hours) |
| Supported currencies | 25+ (hold, send & receive) with local GBP, EUR, USD, CHF details |
| Card access | Physical and virtual cards for team, with spend limits and controls |
| App & dashboard | Intuitive, mobile-first with automation tools and user roles |
| Automation tools | BillPay, recurring payments, approvals, integrations (Xero, Slack, etc.) |
| Cash & cheque support | ❌ Not supported |
| FSCS protection | ❌ Not available (funds are safeguarded, not insured) |
| Customer support | 24/7 in-app chat |
| Account setup | Fully online, approval is usually the same day |
Revolut Business Pros & Cons
- FX-friendly with 25+ currencies
- User-friendly app and fast onboarding
- Solid free plan with extras for scaling
- Transparent FX rates within allowance
- Smart automation and integrations
- Multi-entity support in one dashboard
- No cash or cheque handling
- No free account
- No phone support
- Not FSCS protected in the UK
- Can flag accounts for review without warning
- Not available to sole traders or certain sectors
Who Is a Revolut Business Account Best For?
Revolut Business is built for companies that live online, trade globally, and want to automate the admin that slows them down. Its sweet spot is clear: multi-currency, tech-led, and global-first. If your business needs flexibility across borders, this account delivers.
Who Revolut Business Is Best For
- Digital-first businesses with international reach: This setup is ideal if you invoice in USD, pay contractors in EUR, and withdraw in GBP, all managed smoothly from one dashboard. I’ve used it myself, and it works reliably.
- E-commerce brands and platforms: Perfect for sellers on Shopify, WooCommerce, or marketplaces who need to collect revenue in multiple currencies without hassle.
- Agencies and remote teams: Virtual cards, spend controls, and automated expense tools like BillPay and Xero integrations make managing teams easier.
- Startups scaling across borders: Multi-entity support and an open API simplify payments, payroll, and reporting for fast-growing businesses.
Who Revolut Business Is Not Suitable For
- Cash-heavy or in-person businesses: No cash or cheque deposits or branch support is not a fit if you rely on physical payments or tills.
- Businesses needing phone support: Support is mainly via in-app chat unless you’re on the costly Enterprise plan. Chat can feel slow or impersonal when issues get complex.
- Companies requiring FSCS protection: Funds are safeguarded, but not FSCS insured. Providers like Tide or ANNA offer better security if you hold large balances.
Revolut Business Account Key Features
Revolut Business is designed for modern, tech-savvy companies, especially those juggling multiple currencies or remote teams. In my experience, it’s less about traditional banking and more about speed, control, and automation.
- Multi-currency accounts with local details: You can hold, send, and receive funds in over 25 currencies, including local GBP, EUR, and USD accounts. I’ve used this feature extensively to bill US clients and pay European contractors, and it genuinely removes the usual headaches of cross-border transfers.
- Expense cards for teams: Issuing physical and virtual cards with spend limits and real-time tracking significantly improves the management of remote teams. It saved me from chasing receipts and kept spending transparent without micromanaging.
- Automated BillPay and approvals: Scheduling and approving payments with a few clicks reduced the admin burden significantly. This simple tool is invaluable for keeping supplier payments organised and on time.
- Built-in FX with transparent pricing: Interbank rates apply up to your monthly limit, with a modest 0.6% markup after. While it’s not the cheapest if you’re doing huge volumes, I appreciate the transparency and speed.
- Software integrations: Connecting Revolut to Xero, QuickBooks, or Slack is seamless. Personally, the Xero integration saved me hours of manual reconciliation by syncing transactions daily, which is one of the features I rely on most.
- Open API and multi-entity support: The API and single-dashboard view simplify payroll and reporting for fast-growing businesses with multiple subsidiaries. I found this indispensable as my business expanded across borders.
Revolut isn’t trying to be a full-service bank, which is its strength. These features deliver real value if you prioritise speed, automation, and multi-currency flexibility. However, if you need cash handling, FSCS protection, or dedicated phone support, you’ll want to complement Revolut with a more traditional bank.
Revolut Business Account Fees
Revolut’s pricing is transparent but tailored to different business sizes and needs. You choose from four tiers based on how much you transfer, your team size, and if you want extras like API access or priority support. On paper, the plans are competitive, and I’ve found that staying within your plan’s limits helps keep costs predictable.
| Fee | Basic | Grow | Scale | Enterprise |
|---|---|---|---|---|
| Monthly Fee | £10 | From £30 | From £90 | Custom |
| Free Local Transfers | 10 | 100 | 1,000 | Custom |
| Free International Transfers | 0 | 5 | 25 | Custom |
| Exchanges at Interbank Rate | £1,000 | £15,000 | £60,000 | Custom |
| ATM Withdrawal Limit | £3,000/day | £5,000/day | £10,000/day | Custom |
| ATM Withdrawal Fees | 2% | 2% | 2% | 2% |
| Learn More | Get Basic | Get Grow | Get Scale | Get Enterprise |
The Basic plan is suitable for small businesses or startups with limited transactions. I think it’s great for testing Revolut’s features without a big commitment, but you may quickly hit transfer limits.
If you’re growing or handling international payments regularly, the Grow or Scale plans offer more generous allowances and features like API access and team management tools. From experience, upgrading when you reach your plan’s limits avoids costly overage fees.
The Enterprise plan is for larger businesses needing custom solutions and dedicated support.
ATM withdrawals always carry a 2% fee, and exceeding free transfers or FX limits triggers extra charges. If your business regularly exceeds the included quotas, these costs add up.
Choosing the right plan depends on your transaction volume and team size. To keep costs efficient, I recommend starting with Basic or Grow and scaling up as your business grows.
How Easy To Use Is Revolut Business?
In short, it’s seamless. Revolut’s platform was made for people who want fast, fuss-free finance tools. From onboarding to daily tasks, it’s clean, intuitive, and works well on mobile, making it perfect for managing money on the go.
I signed up in under 10 minutes, providing basic business details and ID. My account was active the same day, much faster than the 3–5 days typical of traditional banks.
The dashboard is slick and easy to navigate. It provides a clear view of balances across multiple currencies, with intuitive tabs for cards, payments, analytics, and integrations. Role-based access makes team management straightforward. The mobile app closely mirrors the desktop experience, and I handled payments, issued virtual cards, and tracked expenses from my phone without feeling limited.
Setting up recurring payments or bulk transfers is painless. I tested payroll batches, and it flagged duplicates before processing, which saved me time and hassle.
That said, Revolut isn’t built for hand-holding. It might feel bare if you’re new to business banking or want lots of personal support. But the user experience is refreshingly smooth and efficient if you’re confident managing your setup.
Is My Money Safe with Revolut Business?
Revolut Business is secure, but it’s essential to know it’s not yet a fully licensed UK bank. Instead, your money is safeguarded, not FSCS-protected. This means your funds are kept separate in Tier 1 UK banks and can’t be used by Revolut if it goes bust. However, unlike banks like Starling or Tide, Revolut doesn’t offer the Financial Services Compensation Scheme’s £85,000 guarantee.
In practical terms, this risk is manageable if you hold low to medium balances. But if your business keeps large sums in the account, especially six figures, the lack of FSCS protection might be a dealbreaker.
Revolut also includes strong security features: You can freeze cards instantly, set spending limits per user, and require two-factor authentication for logins and payments. Every action is logged with timestamps, which is excellent for audit trails.
The FCA authorises Revolut as an electronic money institution that meets strict standards but is not fully regulated as a bank in the UK. It is a licensed bank in some EU countries, so that full banking protections may come later.
Revolut is safe enough for everyday business operations, especially if you don’t keep large reserves there. I keep my operational funds with Revolut and large reserves in a fully FSCS-protected bank for extra peace of mind.
What Customer Support Is Available?
Revolut Business offers 24/7 support but mainly relies on in-app chat, and the quality varies by plan. You’ll likely be disappointed if you expect traditional phone support or a dedicated account manager on lower tiers.
The chat is usually responsive for simple questions like unlocking cards or checking payments, often under 10 minutes. However, complex issues such as flagged transactions or identity checks can take longer to resolve. Support agents sometimes change mid-chat, meaning you may have to repeat yourself, which is frustrating when you need quick answers.
There’s no phone line, but if you’re on the Enterprise plan, you get a personal account manager for tailored help. The Help Centre covers common issues, and API/integration support is decent but not deeply technical unless you’re on a top tier.
If you’re comfortable managing most problems yourself and don’t need urgent phone support, Revolut’s system works well. But you might find it lacking if you want quick, personal help when things go wrong. For those needs, I’d suggest considering a provider like Zempler Bank.
Revolut Business Account Eligibility Criteria
Revolut Business welcomes most UK-registered and EEA businesses, but there are key restrictions to know before applying. Your business must pass standard identity checks and demonstrate a legitimate trading model or intent. I opened a UK limited company account and was approved the same day with minimal fuss.
Who’s eligible:
- UK-registered companies (Ltd, LLP, PLC, etc.)
- European Economic Area (EEA) businesses
- Directors/shareholders who pass standard ID checks
- Companies with verifiable business models or intent to trade
Who’s not eligible:
- Sole traders and freelancers (UK), though accepted in some EU countries
- Registered charities, foundations, and trusts
- High-risk or restricted sectors, including:
- Gambling or betting
- Adult services
- Cryptocurrency trading
- Weapons, arms, or explosives
- Escort services
- Unlicensed financial services
- Gambling or betting
- Businesses registered outside the UK or EEA, or with directors in sanctioned regions.
You can expect a smooth application process if your business fits within the eligible list and isn’t in a restricted sector. However, if you’re a sole trader or operate in excluded industries, you must look elsewhere for business banking.
How to Apply for a Revolut Business Account
Applying for a Revolut Business account is fast, entirely online, and straightforward, especially if you’re a UK-registered company. From my experience, it took under 10 minutes, and approval often happens the same day.
Here’s what you need to do:
- Go to the Revolut Business site: Visit the website and click “Sign Up.” No need to download the app yet.
- Enter your company details: Provide your company name, registration number, registered business address, and business sector.
- Add director and shareholder info: Include full names, emails, dates of birth, and declare any shareholding over 25%.
- Upload ID and verify ownership: Upload a photo ID (passport or driving licence) and take a selfie for identity matching. The app scans and verifies quickly.
- Choose a plan: Pick from Free, Grow, Scale, or Enterprise—you can upgrade later, so don’t overthink this.
- Get approved and access your dashboard: Most UK companies are approved the same day, with IBAN and sort code available within hours.
Revolut may request additional documents, such as proof of trading or client invoices, if your business is newly registered or in a higher-risk category. Knowing this upfront helps avoid surprises.
Overall, if your details are in order, the process will be smooth and efficient, which is ideal if you want to get started quickly without paperwork delays.
Revolut Customer Reviews: What Businesses Are Saying
Revolut Business scores highly on paper, with Trustpilot at 4.5 out of 5 from over 222,000 reviews, Apple App Store at 4.9 from 43,100+ users, and Google Play Store at 4.7 from 33,300+ reviews. These ratings reflect its slick app design, quick onboarding, and easy management of multi-currency accounts and integrations like Xero. Revolut is often a modern upgrade from traditional banks for sole traders or small digital businesses.
However, many business owners report serious frustrations. Accounts have been frozen unexpectedly, sometimes during routine security checks, with no phone support available to escalate issues. This lack of access to funds can halt operations entirely. Additionally, some find documentation requests invasive and overly complex, especially if they’re newer or not VAT-registered.
In my experience, Revolut works best for businesses that prioritise affordability and automation over personal support. If you rarely need help and your cash flow isn’t delicate, it’s a strong option. But be cautious if you rely on quick issue resolution or stable, guaranteed access to funds. When Revolut works well, it’s excellent, but support can feel frustrating and impersonal when it doesn’t.
Alternatives to Revolut Business
If you’re considering Revolut as a regular UK business current account, its core competitors are Tide, Starling, Anna and Monzo. All of these offer excellent competitive business accounts with useful features and solid customer service.
If you’re choosing it specifically for its multi-currency support and competitive exchange rates. Wise for Business would be another to consider. Revolut offers a more comprehensive account here, and the rates are competitive with Wise within the EEA. If you need to send frequently outside this area, Wise may well have the edge.
Revolut Business Basic Account
Monthly Fee
£10Bank Transfers
20p
Card Purchases
£0Overdraft
NoFSCS Protection
NoAccessibility
Access your Revolut account via the web or mobile app
– You must be at least 18 years old.
– Your business must have a physical presence in the UK, EEA or Switzerland.
– You must be a private limited company, public limited company, Limited Liability partnership or partnership.
– Charities/trusts and other high-risk organisations are not eligible.
– Businesses operating from outside the supported countries are excluded.
Get £100 when you sign up with code BCA100
Tide Free Business Account
Monthly Fee
£0
Bank Transfers
20pCard Purchases
£0Overdraft
NoFSCS Protection
YesAccessibility
Access your Tide account via the web or the mobile app
– You must be at least 18 years old.
– You must have a valid UK phone number.
– You must have a device that can access the UK Apple App Store or Google Play Store.
– You must be either the director of an active company registered with UK Companies House or a sole trader/freelancer registered with HMRC.
– Charities/trusts and other high-risk industries are not eligible.
– Businesses operating from outside the UK are excluded.
Starling Bank Business Current Account
Monthly Fee
£0Bank Transfers
£0Card Purchases
£0Overdraft
Yes
FSCS Protection
YesAccessibility
Access your Starling Bank account via the web or mobile app
– All directors with access to the account must be at least 16 years old and UK residents.
– All Persons of Significant Control must be UK residents and natural persons.
– You must be either a sole trader or the director of a limited company or LLP registered with Companies House.
– The business must not be a holding company, dissolved, or in liquidation.
– Businesses operating from outside the UK are excluded.
– Charities/trusts and high-risk businesses are not eligible.
ANNA Money Pay as You Go Account
Monthly Fee
£0Bank Transfers
20pCard Purchases
£0Overdraft
NoFSCS Protection
NoApp Access
Access your ANNA Money account via the web or the mobile app
– You must be at least 18 years old.
– You must be a sole trader, a director of a limited company (and listed on Companies House) or a partner in a Limited Liability Partnership (LLP).
– You must have a UK residential address.
– Charities/trusts and other high-risk businesses are not eligible.
– Businesses not based in the UK are excluded.
Monzo Business Lite Account
Monthly Fee
£0Bank Transfers
£0
Card Purchases
£0Overdraft
Yes
FSCS Protection
YesAccessibility
Access your Monzo account via the web or mobile app
– You must be at least 16 years of age.
– You must be a sole trader or the director of a limited company registered with Companies House, you must be based in the UK.
– You must be a tax resident in the UK only.
– LLPs, PLCs, charities and high-risk organisations are not eligible.
– Businesses operating from outside the UK are excluded.
Wise Business Account
Monthly Fee
£0Bank Transfers
VariableCard Purchases
VariableOverdraft
NoFSCS Protection
NoAccessibility
Access your Wise account via the web or mobile app
– You must be 18 years of age or older.
– Almost all businesses are eligible, but you must provide proof of address for the account representative.
– Your business must operate within the supported countries.
– High-risk companies and charities/trusts operating outside certain countries are not eligible.
Revolut Business Account FAQs
Revolut is a strong choice for digital-first businesses that deal with multiple currencies, remote teams, or international suppliers. It offers fast onboarding, innovative automation tools, and competitive FX rates that can save time and money. However, it’s not ideal for cash-heavy businesses or those needing FSCS protection, and support is mainly limited to chat unless you’re on a top-tier plan. If you’re comfortable with a tech-led, self-managed platform, Revolut delivers excellent value.
Use Revolut instead of a traditional bank if your business needs speed, flexibility, and multi-currency control. It’s faster to set up, easier to manage via mobile, and better suited to international payments or remote team spending. While banks offer FSCS protection and cash handling, Revolut wins on automation, cost transparency, and real-time control, especially for online-first or global-facing businesses.
Yes, there is a monthly fee for Revolut Business if you choose one of the paid plans. Pricing starts at £10 per month for the Basic Plan, but most growing businesses opt for the Grow or Scale tiers, which cost £30 and £90 per month, respectively. These paid plans offer higher FX allowances, more free transfers, and extra features like team permissions and integration support. You only pay more if your business outgrows the limits of the free version.
To open a Revolut Business account, you’ll need your company’s registration details (Company name and number, registered address), personal ID for all directors and shareholders, such as a passport or driving licence, and a selfie for identity verification. Revolut may also ask for proof of trading, such as invoices or a recent bank statement, to confirm your business activity in some cases, especially for newer or high-risk businesses.
Revolut Business does not perform hard credit checks when you apply for an account, so your credit score won’t be impacted negatively. It’s designed for UK and EEA companies with standard identification and business details, so you do not need to worry about your credit history. Revolut may still carry out soft checks for anti-money laundering (AML) purposes; these are not visible on your credit report and shouldn’t affect future borrowing.
