The Revolut Business account lets users manage their entire business from a single location and accessing it from any device anywhere and anytime. It doesn't matter whether a business is a start-up, small to medium or a large corporation, Revolut is revising the parameters of business, so their users can grow locally and globally.
| Operator | Card | Reliability | Best in | Score | |
|---|---|---|---|---|---|
#1
|
Visa, MasterCard | Low and transparent fees with mid-market exchange rates | International Money Transfers | 97 | Open Account |
#2
|
Visa | Online banking with no monthly fees | Spending Account | 96 | Open Account |
#3
|
Visa | Hybrid banking with quality support | Hybrid Banking | 94 | Open Account |
Specifically designed for businesses in the 21st century, Revolut Business is the perfect business account that is available in 28 currencies and growing, with zero-fees international payments and all-in-one corporate cards. Revolut even provides an Open API available for those looking to automate their business banking.
With a Revolut Business Account, your business can easily manage transactions and balance finances, send and exchange currencies with zero hidden fees and make corporate expenses easy to keep track — among a long list of capabilities to help manage your business assets.
A business account can be applied easily by filling out a short online application either on the Revolut App or the Revolut website. As soon as your application is submitted, a team member from Revolut will review your application and may contact you to confirm some details. Before your account is activated, you can access your application and review Revolut's feedback.
Before activation of your business account, you need to detail additional information such as business operating address and a brief description of your business. You will also be asked to verify your identity by submitting a picture of your passport or other Government-issued ID and present incorporation details, together with information about company shareholders or directors.
Being an existing Revolut Account holder short cuts the process one step because all you need to do is activate the "Instant Transfer" feature to upgrade your personal Revolut Card to a Revolut Business Account.
Yes. Because Revolut understands that entrepreneurs are overflowing with entrepreneurial spirit and most likely would have other businesses on the side, Revolut offers a "multi-business account" option for those who wishes to manage several accounts, covering corporate and freelance business owners.
Revolut Business Accounts are available for businesses operating and registered in United States of America, Switzerland and areas included in the European Economic Area (EEA).
Here are the eligible countries (in alphabetical order):
Aland Islands, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Guadeloupe, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Martinique, Malta, Mayotte, Netherlands, Norway, Poland, Portugal, Romania, Saint Martin, Slovakia, Slovenia, Spain, Sweden, Svalbard & Jan Mayen Islands, Switzerland, United Kingdom and the United States of America.
Revolut Business pricing plans for companies are as follows:
There is the "Free" plan suitable for start-up businesses. As your business grows, you can upgrade your plan to "Grow", which comes with a £25 monthly fee, the "Scale", which cost £100 per month and the custom plan called "Enterprise", whose monthly fee depends on the customization of your business account.
Revolut Business pricing plans for freelancers are as follows:
The "Free" plan is of course free, while the "Professional" plan comes with a £7 monthly fee and the "Ultimate" at £25 per month.
For concerns about your Revolut Business Account, you can easily access Revolut's 24/7 customer support team via a business support chat. Just log in to your business account and proceed to the "Help" section to access the live chat.
Revolut Business comes with a feature called "Marketplace" where you can find useful apps such as Expenses, Zapier and Slack. Think of this as a hub of business tools that also includes several accounting apps like QuickBooks and Sage.
Revolut Business supports businesses classified as:
By using Revolut Business Account, you are entitled to enjoy these powerful features:
For paid Business Accounts, there are additional features like Payroll and Expense Management tools.