7 best Revolut alternatives for UK businesses 2026

Key takeaways

Revolut Business suits many UK companies, but growing businesses often look at Revolut alternatives once FX allowance-overage fees, plan limits, or support gaps start to cause problems.
OFX is best for expert human support and built-in finance automation, Wise is best for low-cost transfers, and Starling is the best free, FSCS-protected UK bank account.
The right pick depends on your main need, whether it’s cross-border payments, multi-currency holding, receiving from abroad, or tighter spend control.
This guide is for UK finance leaders, owners, CFOs, and controllers who make regular international payments and want clearer pricing.

Paying overseas suppliers and juggling several currencies can quietly drain both time and margin, and the right account makes that everyday complexity far easier to control. This guide compares seven of the best Revolut alternatives for UK businesses on fees, FX, multi-currency features, and how your money is protected, so you can pick the one that fits how you work.

What is Revolut Business, and why look for an alternative?

The best Revolut alternatives for UK businesses are OFX, Wise, Airwallex, WorldFirst, Payoneer, Starling Bank, and Monzo. Each is suited to a different need, such as international payments, multi-currency holding, or free UK banking. Revolut Business is Revolut’s account for companies, bundling multi-currency accounts, corporate cards, expense controls, and accounting integrations into one app.

Revolut Business pricing is tiered: Basic is £10/mo, Grow is £35/mo, Scale is £125/mo, and Enterprise is custom². There’s £0 setup, no minimum balance, and support for 25+ currencies¹.

The catch for many businesses is the FX model. Currency exchange is 0% within a set monthly allowance, then 0.6% over the allowance, plus a further 1% surcharge out of hours and at weekends². The free FX allowance per month is £1,000 on Basic, £15,000 on Grow, and £60,000 on Scale², with Enterprise custom.

That works well if your volume fits inside the allowance. It’s less predictable once you regularly convert more than your plan covers, which is a common reason businesses start comparing Revolut business fees against other providers. Payment costs have been climbing more broadly, too: the Payment Systems Regulator estimated that post-Brexit card fee increases cost UK businesses an extra £150 to £200 million in 2022 alone.³

None of this makes Revolut a poor choice, and it remains one of the stronger UK fintech options. It simply means it pays to know the Revolut competitors that may fit your payment patterns better.

OFX Global Business Account

Receive, hold, convert and send funds across a wide range of currencies, reduce costs and gain greater control over your international payments.

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What to look for in a Revolut alternative

Before you compare providers, it helps to determine your criteria. The best business account UK options for you depend on how, and how often, you move money. It’s a big market: UK businesses traded around £1.69 trillion in goods and services in 2024, and every cross-border payment carries a currency and fee cost.⁴

FX margin and transparency: Look for a clear, published margin over the mid-market rate rather than allowance mechanics that change with the time of day. The UK is the world’s largest centre for currency trading, accounting for 37.8% of global foreign exchange turnover as of April 2025, so you have plenty of provider options.⁵
Multi-currency and local account details: A true multi currency business account lets you hold balances and get paid like a local, which cuts conversion costs on money received.
Cost of receiving from abroad: Receiving fees vary widely, so check the cost of both local and SWIFT payments in.
Payment rails and speed: Local rails such as Faster Payments and SEPA are usually faster and cheaper than SWIFT for an international business account. The Bank of England notes that some cross-border payments can cost up to 10% of a payment’s value and take as long as 10 days to move through complex correspondent-banking chains.⁶
Support: Decide whether in-app chat is enough, or whether you want access to people for high-value transfers.
Integrations: If you run Xero or QuickBooks Online, two-way sync saves hours at month-end.

There’s one more question every UK business should ask: is my money protected? Most non-bank providers, including Revolut historically, Wise, Airwallex, Payoneer, and OFX, are regulated as electronic money institutions rather than banks. Money held with an electronic money institution is not protected by the Financial Services Compensation Scheme. Instead, it is safeguarded, which means the firm must hold your money separately or cover it with insurance so that most of it can be returned if the firm fails.⁷

By contrast, eligible deposits at PRA-authorised banks, building societies, and credit unions are FSCS-protected up to £120,000.⁸ That difference matters when you weigh a business bank account for international payments against a specialist payments provider, so it’s worth understanding rather than assuming you are covered. Traditional high-street banks are an option too, though they’re usually slower to set up and costlier on FX.

The 7 best Revolut alternatives at a glance

Here’s how the seven Revolut business alternatives line up, with a one-line summary of who each suits best.

OFX: multi-currency international payments, expert human support and finance automation.
Wise: best for low-cost, transparent transfers.
Airwallex: best for scaling, global commerce.
WorldFirst: best for import, export, and online marketplaces.
Payoneer: best for marketplace sellers receiving from platforms.
Starling Bank: best for free, FSCS-protected UK banking.
Monzo Business: best for simple, mobile-first UK banking.

Provider	Best for	Monthly fee	FX fees	Currencies / local accounts	Finance automation and spend control
OFX	Multi-currency international payments, expert human support and finance automation	£0 Standard; £75/mo Full Suite⁹	Competitive FX rates, Free via FPS and SEPA; SWIFT fees may apply⁹	30+ currencies10; local details in GBP, EUR, USD, CAD⁹	AI-powered AP and bill automation, spend and expense management, approval workflows, budgeting (Full Suite)
Wise	Low-cost transfers	£0 (£50 one-off setup)¹¹	From 0.33%11up to about 2.85%12by corridor and amount,SWIFT £2.16 / US$6.11 / €2.39 per payment¹³	Local details in 22 currencies¹¹	Limited beyond payments and accounts
Airwallex	Scaling global commerce	£19/mo (£0 if £10,000+ held); Grow £49; Accelerate custom¹⁴	0.50% major / 1.00% other currencies¹⁵, SWIFT £10–£20¹⁵	20+ local account currencies¹⁴	Spend and expense management automation
WorldFirst	Import, export, and marketplaces	£0¹⁶	Up to 0.5% majors (0.8% CNH supplier payments)¹⁶	20+ currencies / 20+ local accounts¹⁶	Bulk supplier payments
Payoneer	Marketplace sellers	£0 (US$29.95/yr if under US$6,000 received in 12 months)¹⁷	0.5% between balances; 1.2–4% withdrawal with conversion¹⁷	Multiple hold currencies	Limited
Starling Bank	FSCS-protected UK banking	£0 (free core account)¹⁸	0.4% between your own currency accounts¹⁹	GBP; EUR account £2/mo¹⁹	Toolkit tax and invoicing tools
Monzo Business	Simple, mobile-first UK banking	£0 Lite; £9 Pro; from £25 Team²⁰	Up to 1.80% by corridor plus a fixed fee21	GBP-centric	Invoicing and Pro tools

The best Revolut alternatives compared in detail

OFX

OFX brings together a specialist FX heritage and a modern business platform. Its headline difference among these Revolut alternatives is built-in finance automation: on Full Suite, OFX bundles AI-powered AP and bill automation, spend management, expense management, approval workflows, and budgeting into the same account as your payments and FX.

Pricing is transparent, with a Standard plan at £0 (including corporate debit cards and unlimited users on fair use) and Full Suite at £75/month including 5 users, then £10/month per additional user, with Custom plans available⁹. There’s no minimum balance and no lock-in. FX margins are competitive and transparent, and you can pay and get paid across 180+ countries in 30+ currencies¹⁰, with local bank details in GBP, EUR, USD, and CAD⁹.

OFX also offers corporate debit cards (Visa Business Debit) and Pay by Card so you can earn card reward points on supplier and expense payments, using Visa and Mastercard. You can earn cashback on eligible OFX Corporate Card spend, and manage currency risk with Forward Contracts, Limit Orders, and Spot Transfers. Receiving is free via Faster Payments and SEPA, though SWIFT fees may apply⁹.*

Best for: multi-currency international payments, expert human support and finance automation.
Pros: competitive FX, 24/7 human Specialist support, finance automation, and Xero and QuickBooks Online integrations.
Cons: as an electronic money institution, OFX is not a bank and is not FSCS-protected²³.

Wise Business

Wise Business runs on a pay-as-you-go model with no monthly subscription and a one-off setup fee of £50 that unlocks local account details in 22 currencies¹¹. It converts at the mid-market rate and adds a transparent fee, so it’s a popular pick in any Revolut vs Wise comparison.

The conversion fee starts from 0.33%¹¹ and rises to around 2.85%¹² depending on the corridor, method and amount sent, so check your specific route rather than assuming the floor. Receiving by SWIFT costs a fixed £2.16, US$6.11, or €2.39 per payment¹³.

Best for: businesses that want low-cost, transparent transfers.
Pros: no monthly fee, clear FX pricing, and local details in many currencies.
Cons: as an electronic money institution it isn’t FSCS-protected, and it’s lighter on finance automation.

Airwallex

Airwallex is built for businesses scaling across borders. Plans run from Explore at £19/mo (or £0 if you deposit or hold £10,000 or more) through Grow at £49/mo, up to a custom-priced Accelerate tier¹⁴.

FX is 0.50% on major currencies and 1.00% on other currencies¹⁵. Local transfers are £0 to 120+ countries, SWIFT payments cost £10 (SHA) or £20 (OUR)¹⁵, and you can open 20+ local account currencies¹⁴. For teams weighing up Airwallex, the appeal is breadth for global commerce.

Best for: scaling, high-volume global operations.
Pros: wide currency coverage, payment gateways and API access.
Cons: a monthly fee unless you hold a balance, and it isn’t FSCS-protected.

WorldFirst

WorldFirst focuses on importers, exporters, and online sellers. It offers 20+ local accounts across 20+ currencies, free setup, and no monthly fee¹⁶.

FX is up to 0.5% for major currencies, and 0.8% on CNH supplier payments¹⁶. The World Card charges no FX fee on a set of major currencies, and it supports bulk supplier payments in one go.

Best for: import, export, and marketplace businesses.
Pros: no monthly fee, strong currency coverage, and bulk payments.
Cons: less suited to businesses that want deep in-app expense automation.

Payoneer

Payoneer is popular with sellers receiving money from marketplaces and platforms. There’s no monthly fee, though an annual account fee of US$29.95 applies only if you receive less than US$6,000 in 12 months¹⁷.

FX is 0.5% between your own balances, and withdrawal with conversion runs 1.2–4% depending on the corridor¹⁷. Receiving is free in a local currency, and 1% for non-local (minimum US$1)¹⁷, which is worth modelling if you handle regular business money transfer volumes.

Best for: marketplace and platform sellers.
Pros: low barrier to entry and easy platform payouts.
Cons: withdrawal-with-conversion costs can add up, and it isn’t a full banking replacement.

Starling Bank

Starling is a UK bank, so eligible deposits are FSCS-protected up to £120,000⁸. The Business Current Account has no monthly fee¹⁸, and an optional Business Toolkit adds tax and invoicing tools.

For multi-currency needs, a EUR account is £2/mo¹⁹, with FX conversion at 0.4% between your own currency accounts¹⁹. That mix makes Starling a strong Revolut alternative UK pick for companies that want a licensed bank plus some currency flexibility.

Best for: UK-centric businesses that want FSCS protection plus some multi-currency.
Pros: free core account, FSCS protection, and free UK Faster Payments.
Cons: multi-currency coverage is narrower than specialist providers.

Monzo Business

Monzo Business offers mobile-first UK banking on three tiers: Lite at £0/mo, Pro at £9/mo, and Team from £25/mo, all with £0 setup²⁰. It’s GBP-centric and, as a UK bank, gives FSCS-protected banking.

International sends cost up to 1.80% by corridor plus a small fixed fee that varies by route²¹, and receiving foreign currency carries a 1% conversion fee, capped at £1,000 per transaction²². It’s a tidy option for businesses that mostly bank in pounds.

Best for: simple, mostly domestic UK banking.
Pros: clean app, low-cost tiers, and FSCS protection.
Cons: no dedicated multi-currency accounts and pricier high-volume FX.

OFX vs Revolut: head-to-head

Feature	Revolut Business	OFX
Monthly fee	Basic £10; Grow £35; Scale £125²	£0 Standard; £75/mo Full Suite⁹
FX fees	0% within allowance, then 0.6% (plus 1% out of hours)²	Competitive rates, transparent fees
Currencies	25+ currencies¹	30+ currencies¹⁰
Countries	Multi-country coverage	180+ countries¹⁰
Local accounts	Multi-currency accounts	Local details in GBP, EUR, USD, CAD⁹
Settlement rails	More SWIFT-reliant on some routes	Local rails (FPS, SEPA) plus SWIFT
Support	In-app chat; manager on higher tiers	24/7 human Specialists
Finance automation and spend control	Lighter in-app automation	AI-powered AP automation, spend and expense management, approval workflows, budgeting

Why OFX stands out for business

OFX is more than a transfer tool. It’s a specialist FX and global-payments platform that unifies your multi-currency account, corporate debit cards, Pay by Card rewards, and FX-risk tools with AI-powered finance automation and 24/7 human Specialist support. That combination is what few Revolut alternatives match.

It fits best when you make frequent or high-value cross-border payments, operate in several currencies, want to manage currency risk, or run a growing finance team that needs to cut manual work and tighten spend control with approval workflows, not just chase a rate. For a multi currency account setup with real support behind it, that blend is hard to replicate.

Registration takes under 10 minutes. See our business pricing for more details.

Frequently asked questions about Revolut alternatives

What is the best Revolut alternative for a UK business?

It depends on your main need. OFX is best for expert human support and finance automation, Wise is best for low-cost transfers, Airwallex suits scaling global commerce, and Starling is best if you want a free, FSCS-protected UK bank account.

Is Revolut a bank, and is my business money protected by FSCS?

Protection depends on how a provider is regulated. Non-bank payment providers such as electronic money institutions are not FSCS-protected, and instead safeguard your money by holding it separately or insuring it.⁷ Eligible deposits at PRA-authorised banks, building societies, and credit unions are FSCS-protected up to £120,000.⁸ OFX is honest about this: it’s regulated by the FCA as an electronic money institution, is not a bank, and is not FSCS-protected.²³

What are the downsides of Revolut Business?

The main concerns are FX allowance-overage fees of 0.6% (plus a 1% out-of-hours surcharge)² once you pass your monthly free allowance, a monthly fee on every paid tier, and reports of account freezes and inconsistent support. Whether these matter depends on your volume and payment patterns.

Are Revolut alternatives cheaper for international transfers?

They can be, especially if your FX volume regularly exceeds Revolut’s plan allowance. Providers with clear, competitive rates, such as OFX, or a transparent per-transfer fee like Wise, can be more predictable for a regular business money transfer routine.

What should I look for when choosing a Revolut alternative?

Compare FX margin and transparency, multi-currency and local account details, the cost of receiving from abroad, payment rails and speed, the level of support, and whether it integrates with Xero and QuickBooks Online. Then check how your money is protected.

Which alternative is best for multi-currency accounts and receiving from abroad?

For holding and receiving across many currencies with local details, OFX, Wise, Airwallex, and WorldFirst are the strongest options. OFX adds local details in GBP, EUR, USD, and CAD, free receiving via FPS and SEPA, and finance automation, which makes it a capable international business account for growing teams.

References

https://www.revolut.com/business/business-account-plans/
https://www.revolut.com/legal/business-fees-all-plans-current/
https://www.psr.org.uk/publications/market-reviews/mr2227-market-review-of-uk-eea-consumer-cross-border-interchange-fees-final-report/
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/december2024
https://www.bankofengland.co.uk/-/media/boe/files/statistics/bis-survey/2025/summary-of-uk-survey-results-2025.pdf
https://bankunderground.co.uk/2024/09/26/payments-without-borders-using-iso-20022-to-identify-cross-border-payments-in-chaps/
https://www.fca.org.uk/consumers/using-payment-service-providers
https://www.bankofengland.co.uk/prudential-regulation/authorisations/financial-services-compensation-scheme
https://www.ofx.com/en-gb/business/pricing/
https://www.ofx.com/en-gb/business/global-business-account/
https://wise.com/gb/pricing/business
https://transferfees.io/wise-fee-calculator/
https://wise.com/gb/pricing/business/receive
https://www.airwallex.com/uk/pricing
https://www.airwallex.com/uk/terms/fee-schedule
https://www.worldfirst.com/uk/blog/international-transactions/best-revolut-alternatives/
https://www.payoneer.com/about/pricing/
https://www.starlingbank.com/business-account/
https://www.starlingbank.com/business-account/multi-currency/euro-business-account/
https://monzo.com/business-banking/plans-pricing
https://monzo.com/legal/files/international-payments/international-fees-document.pdf
https://monzo.com/legal/files/business-account-fee-information/fee-information-1-8.pdf
https://www.ofx.com/en-gb/faqs/how-ofx-helps-protect-your-money/

*If you book a Forward Contract, it may mean losing out if the market rate improves because you’re contracted to settle at the agreed rate. Read more. Forward Contracts are not available for clients in Singapore. NZForex issues derivatives to wholesale clients only. Retail clients are not permitted or eligible to enter into any forward contract.

^If you book a Limit Order, it may mean losing out if the Market Rate continues to move above your Target Rate. There is no guarantee that your desired rate will be reached. Once the order is triggered, the transfer is binding and cannot be voided.

In the UK, OFX is regulated by the Financial Conduct Authority as an electronic money institution. OFX is not a bank, and so you are not protected by the Financial Services Compensation Scheme when you send money with OFX. Backed by 25+ years of experience and oversight from 50+ regulators worldwide, OFX pairs advanced fraud monitoring with a risk-averse model.
Learn more about how OFX keeps your money and information secure.

IMPORTANT: The contents of this blog do not constitute financial advice and are provided for general information purposes only without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited (trading as “OFX”) and its affiliates make no recommendation as to the merits of any financial strategy or product referred to in the blog. OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this blog.