Revolut Business Account review (2025): Fees and Features

As global business becomes more connected, companies increasingly need more flexible, affordable ways to move money across borders. From paying employees overseas to keeping track of expenditure across multiple currencies, managing business finances on a global scale is made easier with smart solutions.

That’s where financial management tools like the Revolut Business Account come in. Designed to help you take control of your business finances, the Revolut Business Account includes features such as multi-currency money transfers and expense management functions to simplify the financial side of your business.

But what are the pros and cons of the Revolut Business Account and how does it compare with other financial management platforms like the OFX Global Business Account or Airwallex?

Find out with our in-depth review below, covering platform features, real-life customer reviews, plan price points, and more.

Who is Revolut and what are they used for?

Revolut is a UK-based fintech platform that caters for individuals as well as businesses. Having started in 2015 as a smartphone app that helped individuals spend money abroad with interbank foreign exchange rates, Revolut now offers its services to businesses around the world as well, both in-app and through a web platform.

Review of Revolut Business Account: Key features

The Revolut Business Account delivers a few key services, outlined below:

Multi-currency support: Send and hold 30+ currencies with Revolut’s multi-currency account service. Businesses can also get unlimited incoming transfers in GBP, EUR, USD, and CHF¹.
Expense management: Track business expenditure with cards, spend controls, and customisable approval flows².
Physical and virtual cards: Get debit cards issued to local and global teams for multi-currency spending³.
Platform integration: Accounting and HR software integration⁴.
Crypto investment options: Buy, sell, and hold cryptocurrency on the Revolut Business platform⁵.
Revolut also offers 24/7 customer chat support for business customers⁶.

While the Revolut Business Account offers a wide range of features, its offerings may not be the exact right fit for every business. For example, the currency holding is restricted to less than 40 currencies and software integration options are limited.

Revolut Business Account pros and cons

When considering financial management platforms and services for a business, it’s important to weigh up the pros and cons and decide which specific services best suit business needs. Below’s a detailed pros and cons list of the Revolut Business Account to consider.

Revolut Business Account pros

Some pros and benefits to the Revolut Business Account include:

Multi-currency support for 30+ currencies¹
Access to expense management tools (e.g. spend controls and approval flows)²
HR and accounting software integration (e.g. BambooGR, Xero, FreeAgent)⁴
24/7 chat customer support

Revolut Business Account cons

Some cons to the Revolut Business Account include:

No physical branch for in-person support
Limited traditional banking features (e.g. no overdraft facilities or cash deposit options)
Security infrastructure may be lacking compared to traditional banks
Businesses being required to meet strict eligibility criteria before being able to open an account

Reviews: What are customers saying about Revolut?

According to Trustpilot, Revolut has a 4.5 out of 5 rating from an average of approximately 230,000 reviews⁷.

A 5-star Trustpilot review from Joseph C cites “[Revolut] offers a great service which is so convenient to run a business. No down times are crucial. Anyway, it is great to be able to use Revolut Business…it has made my life so much easier.”

Another 5-star Trustpilot review from Marco M praises Revolut with “Fast and easy to do my business. I live in the northern Mexican border with the USA and have a small start-up and it is easy to move my money around in both Mexican pesos and USD. Perfect account for me.”

However, one positive Trustpilot review written by Konstantinos V brought up two concerns; “Considering we are paying for this service, the monthly foreign exchange limit without commission is extremely low — only 5500 RON. For a business account, this amount is far from sufficient. A more appropriate limit would be at least 50,000 RON. Otherwise, I am forced to transfer funds to another bank where I can exchange larger amounts at better rates and with no restrictions.

Additionally, it would be very helpful if monthly and custom-period statements could be exported in Excel format, not just PDF.”

When it comes to negative reviews, most are concerned with customer service support and account locking. Some users may have also found it difficult to connect with a real customer representative when looking for account support.

Correct as of July 22, 2025.

Revolut pricing, fees, and rates

Let’s take a closer look at Revolut’s pricing, fees, and services. Revolut offers three preset Business Account plans which vary in pricing and included services, and an Enterprise plan that is custom pricing.

The three preset plans are priced as follows:

Basic Plan: $10/month⁸
Grow Plan: $21/month⁸
Scale Plan: $79/month⁸

In addition to the monthly payment, some Revolut Business Account services also come with fees, outlined below.

Service	Basic Plan fees	Grow Plan fees	Scale Plan fees
Exchange at the interbank rate	0.6% fee for exchanges over $1,000 monthly allowance⁸	0.6% fee for exchanges over $15,000 monthly allowance⁸	0.6% fee for exchanges over $75,000 monthly allowance⁸
International transfers	$10 fee/transfer⁸	Fee-free for 5 transfers per month. Then $10 fee/transfer⁸	Fee-free for 25 transfers per month. Then $10 fee/transfer⁸
Local transfers	Fee-free for 10 transfers per month. Then $0.20 fee/transfer⁸	Fee-free for 100 transfers per month. Then $0.20 fee/transfer⁸	Fee-free for 1,000 transfers per month. Then $0.20 fee/transfer⁸
Metal cards	$79.99 fee/card⁸	1 complimentary card. Then $79.99 fee/card⁸	2 complimentary cards. Then $79.99 fee/card⁸
ATM withdrawals	2% fee/withdrawal⁸	2% fee/withdrawal⁸	2% fee/withdrawal⁸
Expense management tools	$8/team member⁸	$8/team member⁸	$8/team member⁸

Opening a Revolut Business Account

Before opening an account with Revolut, businesses will need to check their eligibility requirements.

Eligibility requirements for a Revolut Business Account

The Revolut Business Account eligibility criteria includes⁹:

Full incorporation and active operation in Australia
Having a legal home address in the UK, EEA, Switzerland, Australia, Singapore, or US
Maintaining proper business registration documentation
Operating in supported industries (not registered as a charity or cooperative, or operate in the public sector)

What do businesses need to open a Revolut Business Account?

To open a Revolut Business Account, users will need business as well as personal identification documents (for registered team members)¹⁰.

Business identification documents may include a^11,12,13:

Link to an active website
Invoice with a matching bank statement
Customer contract
Supplier agreement
Proof of regulation

As part of the onboarding process, Revolut may also need to verify the nature of a business. This will require industry categorisation and a detailed description of business operations, products, and services. This verification process may take up to five business days to complete. After verification is confirmed, the account will become active and ready to use¹³.

Common application hiccups may include incomplete paperwork, mismatched addresses between registration and operational locations, and unclear business activity descriptions. Businesses are encouraged to double-check that their documentation matches exactly what’s on their official business records before submitting.

Revolut v OFX

Both Revolut and OFX offer global business accounts for businesses. Check out how their offerings compare, side-by-side.

	Revolut Business Account	OFX Global Business Account
Publicly listed on the ASX	X	✓
Free plan with no minimum requirements	X	✓
Corporate cards for employees	✓³	✓
Multi-currency global accounts supporting 30+ currencies	✓¹	✓
Xero integration	✓⁴	✓
Quickbooks integration	X	✓
HR software integratio	✓⁴	✓ (Employment Hero)
Approval workflows	✓²	✓* available in Business Plus plan
Pay account using a rewards-based card	X	✓
Access business account-based rewards	✓¹⁴	X
Payroll payments	✓	✓
Global expense reimbursements	✓	✓* available in Business Plus plan
Role-based access control	✓	✓
Get a guaranteed FX rate for 2 business days	X	✓
Cryptocurrency investment options	✓⁵	X
24/7 customer support	✓	✓
Business Account demo	X	✓

The key differences between the Revolut Business Account and the OFX Global Business Account include their starting plan price points, software integration offerings, and corporate card rewards.

The OFX Business Plan starts at $0AUD for up to three users, while the Revolut Basic Plan starts at $0/month. Revolut and OFX also have different accounting software integration options, with Revolut including Xero and FreeAgent, while OFX includes Xero and Quickbooks.

What’s more, OFX offers a live personalised demo for users to test the OFX Global Business Account platform for themselves. The demo includes instructions on how to use each included feature, and tips and tricks on making use of every tool available on the platform.

Revolut alternatives: Why choose OFX?

The OFX Global Business Account is a great alternative financial management solution to Revolut’s Business Account, offering additional features that may be better suited for your business. For example, the OFX Global Business Account platform can be synced with Quickbooks accounting software while Revolut’s cannot.

With the OFX Global Business Account, you can also:

Get more control over your expenses and budgets
Integrated with multi-currency employee cards
Create multi-layered approval workflows
With one platform to facilitate all your accounts payable needs
Get fast and secure money transfers with competitive rates
Easy access to 30+ currencies with a multi-currency account
Get 24/7 help from an OFX specialist, when you need it.

Another benefit to the OFX Global Business Account is that its plan starts at $0. Businesses can create an OFX Global Business Account and register up to three users for free, and enjoy features such as multi-currency corporate cards, batch payments, and competitive FX rates. For more spend management tools, businesses can also start a free 60 day trial of OFX Business Plus.
Interested parties may also test the platform with the OFX live demo tool, which takes users through all the business account features.

Revolut account review FAQs

Learn more about the Revolut Business Account with the FAQs below.

Do you need a registered business for Revolut Business?

Yes, you need to be a registered business to open a Revolut Business Account. Revolut will require businesses to meet certain eligibility requirements before opening a business account, including up-to-date identification and proof of operation⁹.

Is your money safe with Revolut Business?

Revolut has a range of security measures employed to keep its users and their money safe. These include strict identity checks, biometric security on mobile devices, in-app activations (for corporate cards), and a dedicated control centre for device and merchant permissions¹⁵.

Is Revolut a UK-regulated bank?

Revolut was granted a UK banking licence with restrictions by the Prudential Regulation Authority (PRA) in July 2024 and since then, have been in a mobilisation period and are in the process of setting up their banking processes. Once this is completed, Revolut will operate as a UK-regulated bank¹⁶.

How to close a Revolut Business Account

Closing a Revolut Business Account is a necessary step for businesses that are looking to switch to another financial management platform. Account owners can close their Revolut Business account online by logging into their account, heading to Settings, and selecting “Close Account”. From there, Revolut will provide instructions on closing the account¹⁷.

Before closing an account, users will need to check they have no pending transactions as well as pay for any metal cards issued within the last three months¹⁷.

Is Revolut Business the right choice for your business?

Whether the Revolut Business Account is right for your business depends on the specific financial management features you’re looking for. An alternative to the Revolut Business Account is OFX Global Business Account, which offers multi-currency support in 30+ currencies, Xero and Quickbooks integration, and rewards-based corporate cards.

Who is OFX?

OFX is your all-in-one global money management platform.

Since being founded in 1998, we have grown into a global business with over 700 employees and 9 offices around the world.

Our all-in-one Global Business Account can help you manage international accounts, currencies and payments with greater efficiency.

For large transactions contact us.

We are ASX listed since 2013, ISO 27001:2022 certified in Australia and ASIC regulated. Learn more about OFX Business.

How to open an OFX Global Business Account

Ready to take control of all your business finances in real time, on an all-in-one platform? Your OFX Global Business Account is waiting. Simply sign up and follow the registration steps to activate your account.

Alternatively, request a demo to get a detailed run-through of everything our platform has to offer.

Got questions?

You can call or email us, anytime. With offices in 9 countries, there’s always an OFX specialist to help you when you need, 24/7.

References

Revolut Business Account Review

Who is Revolut and what are they used for?

Review of Revolut Business Account: Key features