Introduction
Running a business today means managing money faster, smarter, and often across borders. Traditional banks can feel slow, expensive, and built for another era. This is where Revolut Business has gained serious attention. Designed for startups, freelancers, and growing companies, it promises simple banking, powerful tools, and global reach.
But is Revolut Business really worth it? In this in-depth guide, you’ll learn exactly what Revolut Business offers, how it works, who it’s best for, and where it may fall short. By the end, you’ll have a clear picture of whether it fits your business needs.
What Is Revolut Business?
Revolut Business is a digital business banking platform created for companies that want more control, automation, and flexibility over their finances. It allows businesses to send and receive money, manage expenses, hold multiple currencies, and integrate banking directly into daily operations.
Unlike traditional banks, Revolut Business operates primarily online. There are no branches, fewer fees, and a strong focus on technology-driven features.
It is used by:
- Freelancers and sole traders
- Startups and tech companies
- E-commerce businesses
- Small and medium-sized enterprises
- International companies managing multiple currencies
How Revolut Business Works
Revolut Business functions as a multi-currency business account with added financial tools. Once your account is approved, you receive local and international account details, access to dashboards, and optional physical or virtual cards for your team.
Key functions include:
- Holding and exchanging multiple currencies
- Making local and international payments
- Issuing employee cards
- Tracking expenses in real time
- Integrating with accounting software
Everything is managed through a web app and mobile access, allowing business owners to stay in control anywhere.
Key Features of Revolut Business
Multi-Currency Accounts
One of the strongest features of Revolut Business is the ability to hold and manage multiple currencies in one account. Businesses can store, send, and receive money in major global currencies without opening separate accounts.
This is especially useful for:
- International clients
- Remote teams
- Cross-border suppliers
- Online businesses selling globally
Currency exchange rates are competitive and transparent, helping businesses reduce conversion costs.
Business Cards and Team Management
Revolut Business allows you to issue physical and virtual cards to employees. Each card can have:
- Spending limits
- Merchant restrictions
- Real-time tracking
- Instant freeze and unfreeze options
This helps reduce misuse, simplify reimbursements, and improve expense visibility.
Expense Management Tools
Expense tracking is built directly into the platform. Employees can upload receipts, tag transactions, and submit expenses instantly.
Benefits include:
- Faster expense approvals
- Less paperwork
- Clear spending insights
- Easier reconciliation
For growing teams, this saves time and reduces accounting errors.
International Payments
Revolut Business supports fast international transfers, often at lower costs than traditional banks. Payments can be made to many countries using local or international methods.
This is valuable for:
- Paying overseas contractors
- Managing international suppliers
- Handling global payroll
Transfers are typically faster and easier to track.
Accounting and Software Integrations
Revolut Business integrates with popular accounting tools, allowing transactions to sync automatically. This reduces manual data entry and keeps financial records up to date.
For business owners and accountants, this means:
- Fewer errors
- Better cash flow visibility
- Faster month-end processes
Revolut Business Pricing Plans
Revolut Business offers several pricing tiers to suit different company sizes. Plans generally range from a free option to premium paid tiers.
Common plan features vary by tier, including:
- Number of free transfers
- FX allowances
- Team member limits
- Advanced tools and support
The free plan works well for small businesses with simple needs, while paid plans are better for companies with higher transaction volumes or international activity.
Real-Life Example: A Small E-Commerce Business
Imagine a small online store selling products across Europe. The business receives payments in euros, pounds, and dollars. With a traditional bank, each conversion costs money and time.
Using Revolut Business, the owner:
- Holds multiple currencies in one account
- Converts money at competitive rates
- Pays suppliers directly in their local currency
- Issues cards to staff for advertising spend
This setup simplifies operations and improves profit margins.
Who Should Use Revolut Business?
Revolut Business is a strong fit for businesses that value speed, flexibility, and international capabilities.
It works especially well for:
- Digital-first companies
- Startups managing tight budgets
- Businesses with remote teams
- Companies trading internationally
- Founders who want real-time financial insights
However, it may not suit businesses that rely heavily on cash deposits or need in-person banking services.
Pros of Revolut Business
Revolut Business offers several advantages that attract modern businesses.
Key benefits include:
- Easy account setup
- Multi-currency support
- Competitive exchange rates
- Strong expense management tools
- Modern, user-friendly interface
- Scalable plans for growing teams
These features make it appealing for businesses looking to move away from traditional banks.
Cons and Limitations
Despite its strengths, Revolut Business is not perfect.
Potential drawbacks include:
- Limited cash handling
- No physical branches
- Account approval can be strict
- Support response times may vary by plan
- Not suitable for all high-risk industries
Understanding these limitations helps set realistic expectations.
Security and Compliance
Security is a top concern for any business account. Revolut Business uses strong security measures, including:
- Encryption and secure authentication
- Transaction monitoring
- Card security controls
- Regulatory compliance in supported regions
Funds are held in regulated environments, offering reassurance for business users.
Revolut Business vs Traditional Banks
Compared to traditional business banks, Revolut Business focuses on speed and automation.
Traditional banks often offer:
- Branch access
- Cash services
- Established lending products
Revolut Business focuses on:
- Digital convenience
- Lower fees
- Global flexibility
- Integrated tools
Many businesses use Revolut Business alongside a traditional bank to cover all needs.
Is Revolut Business a Bank?
Revolut Business operates as a financial services platform with banking capabilities. In some regions, it holds a banking license, while in others it partners with licensed institutions.
For users, the experience is similar to a bank account, but it’s important to understand the regulatory setup in your location.
Tips to Get the Most Out of Revolut Business
To maximize value:
- Choose the right plan for your transaction volume
- Set clear spending limits for team cards
- Use expense tools consistently
- Monitor FX usage to avoid extra fees
- Keep business documents updated to avoid account reviews
These steps help ensure smooth day-to-day operations.
FAQs About Revolut Business
Is Revolut Business safe to use?
Yes, Revolut Business uses strong security measures and operates under financial regulations in supported regions, making it a secure option for many businesses.
Can I use Revolut Business for international payments?
Yes, international payments and multi-currency accounts are core features of Revolut Business.
Does Revolut Business offer a free plan?
Yes, there is a free plan suitable for small businesses with basic needs, alongside paid plans with more features.
Can freelancers use Revolut Business?
Yes, freelancers and sole traders can use Revolut Business, provided they meet eligibility requirements.
Does Revolut Business replace a traditional bank?
For some businesses, yes. For others, it works best as a complementary account alongside a traditional bank.
Conclusion
Revolut Business has changed how many companies manage money. With multi-currency accounts, smart expense tools, and fast international payments, it offers a powerful alternative to traditional business banking.
It is not the right choice for every business, but for digital-first, international, and growing companies, it can save time, reduce costs, and improve financial clarity.
