Revolut Business: When Your Bank Is an App
In 2015, Revolut launched as an app for currency exchange without hidden fees. By 2026, it’s a full-fledged bank with 45+ million retail customers and hundreds of thousands of business accounts worldwide. Revolut Business is their answer to the question: “Can I have the same convenience, but for my company?”
The problem Revolut Business solves: traditional business banks are slow, expensive, and geographically bound. Revolut offers to open a multi-currency business account in 48 hours, fully online, without visiting a branch.
Official website: revolut.com/business
What’s Wrong with Traditional Business Banks
Problem 1: Geography. To open a USD account for receiving payments from the US, a Russian sole proprietor needs to either travel to America or pay intermediaries $500–2,000 for remote setup. Revolut provides local details in the UK and EU out of the box.
Problem 2: Conversion. Banks convert currency at their own rate — with a 2–5% markup. At €50,000 monthly turnover, that’s €1,000–2,500 lost purely on conversion. Revolut uses the interbank rate with a 0.4% markup for most currencies.
Problem 3: Speed. Opening a business account at a traditional bank: 2–4 weeks. At Revolut: 48 hours (for UK/EU companies).
Problem 4: Tools. The 2026 banking app from a major bank still looks like a 2010 website. Revolut is a native mobile app with spending analytics, categorization, and an API.
Revolut Business Features
Accounts and Payments:
- Multi-currency accounts: 25+ currencies
- Local details in UK (sort code + account number) and EU (IBAN)
- International and local transfers (SWIFT, SEPA, Faster Payments, ACH)
- Templates and bulk payments (up to 1,000 at once)
- Automatic currency exchange rules
Cards:
- Physical and virtual corporate cards (Visa/Mastercard)
- Per-employee spending limits
- Instant freeze/unfreeze
- Up to 1% cashback on certain plans
Integrations and Automation:
- REST API — automatic payment reconciliation
- Integration with Xero, QuickBooks, Sage, FreeAgent
- Slack transaction notifications
- Webhooks for custom integrations
Accounting:
- Automatic expense categorization
- Statement export in PDF/CSV
- Role-based access for accountants
- Invoice generation
Revolut Business Pricing
| Plan | Price | Key Features |
|---|---|---|
| Free | £0/mo | Basic accounts, 5 free local payments/mo, 1 metal card |
| Grow | £25/mo | 25 currency accounts, 100 free local payments, £10,000/mo free exchange |
| Scale | £100/mo | 50 currency accounts, 1,000 free local payments, £50,000/mo free exchange |
| Enterprise | Custom | Custom limits, dedicated manager, SLA |
Fees beyond included limits:
- International payment: £3–5
- Currency conversion: 0.4% (above interbank, free up to plan limit)
- ATM withdrawal: 2% (free up to plan limit)
Regional Nuances
UK and EU — home market: Revolut is registered in Lithuania (Revolut Bank UAB) with a European banking license. In the UK — separate FCA license. Deposits are insured (up to €100,000 under European scheme, up to £85,000 under UK FSCS).
USA: available, but with limitations. Partnership with Metropolitan Commercial Bank. Not all EU-version features are available.
Asia: Singapore and Japan — full launch. Other countries in the region — limited functionality.
Russia: Revolut stopped serving Russian clients in 2022. Russian resident accounts are closed. For Russian citizens with EU/UK residence permits — opening is possible based on European/British address and documents.
Revolut Affiliate Program
Revolut offers the Revolut Business Referral program:
Mechanics:
- You get a unique referral link in the app
- Referral registers a business account through your link
- Referral makes qualifying transactions (typically 3+ payments totaling £200+)
- You receive a reward (amount varies by region, typically £30–50 per qualified referral)
Limitations:
- Available only to existing Revolut Business customers
- Reward paid to your business account
- No limit on referral count
Content strategy:
- “Revolut Business vs traditional bank” comparisons
- Case studies: “How I opened a business account in 48 hours”
- YouTube: Revolut Business setup and walkthrough
- Blogs for startups and e-commerce
Alternatives to Revolut Business
Revolut isn’t the best choice for every market. Alternatives by region:
- UK/EU: Wise Business (cheaper for international transfers), Monzo Business (UK only)
- USA: Mercury, Brex (for startups), Novo
- Asia: Airwallex (better for Asia-Pacific)
- Global: Payoneer (for freelancers and marketplaces)
Bottom Line
Revolut Business solves a real problem: traditional business banks can’t keep up with the global economy. If your business operates in multiple currencies and EU/UK countries — Revolut saves you thousands on conversion and weeks on account opening. The referral program is more modest than Payoneer or Wise, but paired with international business content it can generate steady income. The main limitation is geography: Revolut doesn’t work everywhere, and that’s worth considering when choosing an audience to promote to.