Revolut Business

Revolut Business extends Revolut's consumer financial infrastructure into a business banking product serving sole traders, startups, and SMEs. As with the personal product, the core appeal is multi-currency accounts, competitive FX rates, and a platform that handles international money movement more cheaply than traditional business banks. The FCA-regulated UK business account and the EU entity regulated by the Central Bank of Lithuania give Revolut Business appropriate regulatory standing for its target market.

The receiving infrastructure provides UK (sort code/account number), EU (IBAN), and US (routing/account) local account details on qualifying plans. Receiving domestic transfers from clients to these accounts is free of incoming fees, and the balances sit in the relevant currency without immediate conversion — mirroring Wise Business's model. Converting between held currencies uses Revolut's interbank-sourced rate with a margin that depends on plan tier: Scale (the mid-tier business plan) and Enterprise plans have tighter margins than the free Basic plan.

Team expense management is a genuine strength: Revolut Business allows issuing physical and virtual Mastercards to multiple team members with configurable spending limits per card, merchant category restrictions, and automatic expense capture when team members photograph receipts in the app. This expense management capability is built into the plan fees rather than charged separately, making it cost-competitive versus standalone expense management software plus a separate business bank account.

International payouts to suppliers and contractors are supported in 30+ currencies. The payout fees depend on the destination currency and transfer method: transfers to Revolut accounts are instant and free; transfers to external bank accounts have a per-transaction fee on lower plans (typically USD 3-5 for SWIFT) or included in bulk on higher plans.

Revolut Business's plan structure (Free, Basic, Grow, Scale, Enterprise) creates a tiered feature set where FX conversion limits, team card counts, and monthly transfer allowances determine the right plan for each business size. The free plan is unusable for most real business operations; the Grow plan (~£25/month) is the starting point for meaningful multi-currency functionality.

The main practical limitation for businesses primarily receiving international payments: Revolut Business's conversion margins at entry tiers are wider than Wise Business's flat 0.45% rate, particularly for some currency pairs. A freelancer or small agency regularly converting large USD amounts to GBP or EUR will typically net more per USD received via Wise than Revolut. Where Revolut Business earns its consideration is the bundled expense management, multi-card functionality, and integration with Revolut's broader financial ecosystem for businesses that already use Revolut consumer accounts.