Revolut Business Account Review: Pros, Cons & Features

Revolut can offer a quick, simple way to manage your business finances and expand your business internationally with ease.

If your business often involves foreign transactions, Revolut Business could be especially valuable. For example, having a local account in both sterling and euros could simplify everyday business for companies operating across the UK and EU.

» COMPARE: Best business bank accounts

Revolut Basic Business Account

2.9 NerdWallet's ratings

Monthly Fee
£10

UK Card Purchase Fees
Free

UK Bank Transfer Fees
10 free per month

Offer
£200 welcome bonus

Eligibility Criteria

• Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
• Currently available for companies registered in and with a physical presence within the European Economic Area (EEA) and Switzerland, US and AU

Review Summary

Designed for incorporated businesses like limited companies, a Basic account from Revolut has a £10 monthly fee. Local transfers cost 20p each outside a monthly allowance of ten free transactions. Unfortunately, Revolut does not allow cash or cheque deposits.

In addition, there are no borrowing options available with Revolut. However, accounting software from providers, including Xero and FreeAgent, can be integrated with an account. 

Revolut also offers bank accounts for sole traders, which cost between £0 and £45 depending on your plan.

Revolut key features:

• 24/7 customer service: Revolut offers 24/7 customer support through its online and in-app chat function.
• Free and paid accounts: Revolut offers an account with no monthly fees for sole traders and freelancers, alongside a range of paid accounts for business owners.
• Local accounts in different currencies: You can immediately set up local accounts in euros and dollars, as well as pound sterling.
• Limited companies and partnerships: Revolut business accounts are available to a number of business types, including partnerships.

NerdWallet's Pros & Cons

Pros:

• Revolut offers an account for sole traders with no monthly fees.
• Strong international features.
• Through its online and in-app chat function, Revolut offers 24/7 customer support.
• Excellent mobile app.
• You can hold local accounts in pound sterling, euros and dollars.
  

Cons:

• There is no free account option for limited companies.
• Deposits not protected by the Financial Services Compensation Scheme (FSCS).
• You cannot deposit cash or cheques into your Revolut business account.
• You cannot manage your account by speaking to someone over the phone or in a branch.
• You cannot access overdraft or credit facilities with your Revolut business account.

See Deal

This product may be one of a range offered by this provider. Always check terms & conditions for suitability before applying.

The pros and cons featured here are chosen by us based on a combination of our expert, research-based opinions and an exclusive survey of UK business owners and decision makers. The survey was conducted on behalf of NerdWallet UK in December 2022 to identify the business bank account features that people feel are most important. This was subsequently reinforced by an additional survey in 2024. They are unlikely to be the only product features and restrictions that you should consider. Pros and cons are subjective and you should align them to your own personal and business circumstances. Information was correct at the time of publication but may have changed since. 

Launched in 2015, Revolut is a financial services provider that has made its name as a challenger to the traditional banking groups. 

Through the Revolut Business app, businesses can send and receive global and domestic payments, track and approve spending, send invoices and more. The features available will depend on the level of plan you have.

Revolut Pro for freelancers

The Revolut Pro account gives self-employed users of the Revolut retail app whose company is not incorporated – such as freelancers, sole traders, and gig workers – a way to accept payments and to manage income and expenses. 

Your Pro account is managed via the Revolut retail app, but it comes with its own debit card and your transactions are kept separate from your personal transactions. 

There are five types of Revolut Pro account:

• Standard: With no monthly fee, this includes free local payments and the ability to make international transfers in over 30 currencies. There is a currency exchange limit of up to £1,000 per month.
• Plus: For £3.99 per month, you’ll receive everything from standard plus a free additional debit card and an increased currency exchange limit of £3,000 per month.
• Premium: Pay £7.99 per month and get 20% off international transfer fees and no limits on international transfers, advanced security and priority support, partnership subscriptions at no extra cost.
• Metal: At £14.99 per month, it includes 40% off international fees and no limits on international transfers, as well as top-tier partnership subscriptions worth £2,100 annually. 
• Ultra: With a £45 per month introductory offer, Pro includes exclusive lifestyle benefits worth over £5,000 per year, a platinum-plated card, and global data access in over 100 countries.

Company

To open a Company Revolut business account, you will need to be fully incorporated and have a valid business registration number. 

There are four types of Company Revolut business account:

• Basic: This has a monthly fee of £10 and ten free local payments per month, but no free international payments, no bulk payments, no business API integrations, and no dedicated account manager.
• Grow: Starting at £30 a month, this account comes with 100 free local payments, five free international payments, one free metal bank card, the ability to make bulk payments, business API integration and select business Rewards offers. However, it does not have a dedicated account manager.
• Scale: Starting at £90 a month, this account includes 1,000 free local payments, 25 free international payments, and two free metal bank cards. It then has the same features as the Grow account and does not have a dedicated account manager.
• Enterprise: This is a tailored account for larger businesses, with a custom monthly fee. This means it will have a bespoke number of free local payments, international payments, and metal Visa cards. It also has the same features as the Grow and Scale accounts, alongside a dedicated account manager.

Revolut business account features for freelancers and sole traders: at a glance

Fees may apply depending on plan type and limits. For full details refer to Revolut T&C’s.

Where Revolut business account stands out

• International capabilities: With Revolut, you can instantly set up local accounts not only in pound sterling, but in dollars and euros as well. You can also receive, hold and exchange money in more than 30 currencies across the world. 

• 24/7 customer support: Revolut offers 24/7 support for its business customers, through its in-app and online chat function.

• Range of accounts: Revolut offers five different business accounts to suit everyone from new freelancers to companies generating millions of pounds a year.

Where Revolut business account falls short

• FSCS protection: Revolut is an e-money business account, not a fully-registered bank. This means your deposits are not protected under the Financial Services Compensation Scheme. However, with e-money institutions, your e-money will be deposited in a dedicated ‘safeguarding’ account with a bank, invested in low-risk assets approved by the regulator, or sometimes through an insurance policy, to protect your money if an e-money company, like Revolut, fails.

• No branch access: Revolut is an online-only service. This means that you won’t be able to visit your local branch to make transactions or seek support.

• Cash and cheques: You cannot deposit cash or cheques into your Revolut business account, which is a common feature of most traditional business accounts.

• Charities, public sector organisations: Revolut currently doesn’t offer accounts to charities, public sector organisations, private foundations and trusts, and co-operatives.

Revolut business account customer reviews

Revolut customers have left reviews on a range of sites. Generally, these reviews are positive.

It’s worth remembering that some of these reviews are from all Revolut customers, not just its business account customers. 

• App Store: 4.9 out of 5, based on over 45,400 reviews
• Google Play: 4.8 out of 5, based on over 35,800 reviews
• Trustpilot: 4.6 out of 5, based on over 263,000 reviews

This information is correct as of 4 September 2025.

Revolut business account eligibility 

Revolut business accounts are only available to the following types of businesses:

• private limited companies
• public limited companies
• limited liability partnerships
• limited partnerships
• partnerships

Revolut business accounts are no longer available to freelancers or sole traders. I.e. those not registered in their local business registry. However, it has now launched Revolut Pro, a simplified business account that you can access via the personal Revolut app.  

Certain industries will not be able to open a Revolut business account. The full list can be found here.

1. Click the See Deal button at the top of the page.
2. Click Get Started and fill out a short online form.
3. You will need to supply Revolut with the required documentation, such as proof of identity and proof of address. 
4. Wait for approval from Revolut for your account to be opened.

» COMPARE: Best business bank accounts

About the Author

Tim Leonard

Tim is a lead writer at NerdWallet and holds the Chartered Insurance Institute (CII) Level 3 Certificate in Mortgage Advice. He has over 20 years’ experience writing about almost all…

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