Choosing the right business bank account is crucial for managing finances efficiently. Revolut Business offers a modern, digital-first banking solution tailored to freelancers, startups, and large enterprises.
While Revolut provides competitive financial tools, its business account fees can vary depending on the plan, services, and transaction types. Understanding these fees is essential to ensure cost-effectiveness and avoid unexpected charges.
This guide provides a detailed breakdown of Revolut Business account fees, covering account plans, transaction costs, card charges, payment processing fees, and how they compare to traditional banking options.
Now, let’s explore the costs associated with a Revolut Business account to help you make an informed decision.
What is Revolut Business?
Revolut Business is a digital banking and financial management platform designed to help businesses streamline payments, international transactions, and expense management.
It provides a modern alternative to traditional banking by offering multi-currency accounts, low-cost international transfers, and business-friendly financial tools.
Key Features of Revolut Business
- Multi-Currency Accounts: Businesses can hold and exchange multiple currencies at interbank rates.
- International Payments: Send and receive money globally with low fees compared to traditional banks.
- Expense Management: Issue employee cards, set spending limits, and track expenses in real time.
- Payment Solutions: Accept online and in-person payments via Revolut Pay and card processing services.
- Automated Accounting Integrations: Connect with tools like Xero, QuickBooks, and FreeAgent for seamless financial management.
Who Can Use Revolut Business?
Revolut Business is ideal for freelancers, startups, small businesses, and large enterprises that require an easy-to-use financial platform for both domestic and international transactions.
It is especially beneficial for businesses dealing with cross-border transactions and multi-currency payments.
Unlike traditional banks, Revolut Business operates entirely online, providing 24/7 access to business finances without the need for physical branches.
This makes it a cost-effective and flexible solution for modern businesses looking for efficient money management tools.
What Are the Different Revolut Business Account Plans?
Revolut Business offers multiple pricing plans to cater to businesses of various sizes, ranging from freelancers to large enterprises. These plans come with different transaction allowances, fee structures, and additional benefits.
Subscription Summary
- Grow Plan: A monthly subscription fee applies, offering an increased number of free transactions and lower fees on international payments.
- Scale Plan: This plan comes with a higher monthly fee but provides more benefits, such as reduced transaction charges and priority customer support.
- Enterprise Plan: Custom pricing is available for large businesses with high transaction volumes and tailored financial needs.
Plan Fee
- The standard subscription cost for the Revolut Business account is £125 per month or £1,080 per year if paid annually.
- If a business downgrades within the first 14 days without using any benefits, they are eligible for a refund.
These plans provide businesses with flexibility in choosing a banking solution that matches their transaction volume and financial operations.
How Much Does a Revolut Business Account Cost?
The overall cost of a Revolut Business account depends on the chosen subscription plan and any additional charges incurred from exceeding allowances or opting for extra services.
Subscription Fees
- Monthly Charge: £125 per month
- Annual Payment Option: £1,080 per year (offering cost savings over monthly payments)
Additional Costs
- If a business exceeds its free transaction limits, a per-transaction fee is applied.
- International transfer fees vary depending on the transfer destination and currency exchange rates.
- Customisation fees apply if a business chooses to personalise its Revolut Business cards.
Each plan is structured to offer businesses the right balance between cost-effectiveness and transaction flexibility.
What Are the Fees for Domestic and International Payments?
Revolut Business accounts include free transaction allowances, after which businesses will incur additional fees for processing payments.
Payment Fees
| Type of Payment | Free Allowance | Fee After Allowance |
| Revolut to Revolut Transfers | Unlimited | No fee |
| Local Transfers (GBP, EUR, CHF) | 1,000 per month | £0.20 per additional transfer |
| International Transfers | 25 per month | £5 per additional transfer |
| Incoming Fedwire Transfers (USD) | 0 per month | £8 per transfer |
| Card Transfers (to non-Revolut accounts) | 0 per month | Real-time fee displayed in-app |
These charges ensure that businesses can plan their transactions efficiently, taking advantage of free allowances before incurring extra costs.
Does Revolut Charge for Currency Exchange and Transfers?
Revolut Business provides currency exchange services, but fees depend on the transaction volume and whether it occurs within free limits.
Currency Exchange Fees
- Businesses can enjoy free exchange up to a specific monthly limit, which depends on the selected plan.
- Once the free limit is exceeded, a percentage-based fee is applied to currency conversions.
- Weekend transactions may include an extra markup on exchange rates.
International Transfer Fees
- Revolut applies a flat £5 fee per international transfer once the free allowance is exhausted.
- Additional fees may be applicable depending on the country of the recipient and the transfer method used.
Revolut’s competitive exchange rates make it a strong option for businesses engaged in frequent cross-border transactions.
What Are the Card Fees for Revolut Business Users?
Revolut Business accounts come with plastic, metal, and virtual cards, each with its own pricing structure.
Plastic Card Fees
- First plastic card: Free (one per Authorised Person)
- Additional plastic cards: £4.99 each
- Maximum physical cards per Authorised Person: 3
- Delivery fees: Displayed in-app when ordering the card
Metal Card Fees
- Businesses receive two free metal cards as part of their plan.
- Metal cards can be customised, with additional fees applied for personalisation.
- If a business downgrades or closes its account within three months, it must repay the cost of any metal cards received.
Virtual Cards
- Businesses can issue up to 200 virtual cards per Authorised Person at a time, providing flexibility for online payments.
ATM Withdrawals
- A 2% fee is applied to all ATM withdrawals.
- The daily withdrawal limit is £10,000 (or the equivalent in other currencies).
Revolut Business cards provide secure and convenient payment solutions for both online and in-person transactions.
Are There Any Hidden Fees in Revolut Business Accounts?
While Revolut Business is known for transparent pricing, businesses may still encounter additional fees if they exceed their plan limits or require extra services.
Common Extra Fees
- Exceeding Free Transaction Limits: Additional payments incur extra charges.
- Weekend Currency Exchange Markup: Currency conversions made on weekends are subject to higher fees.
- Customisation Fees: Businesses opting for custom metal or plastic cards will need to pay extra.
- Fedwire and SWIFT Transfers: Incoming Fedwire transfers are billed at £8 per transaction.
To avoid unnecessary charges, businesses should monitor their usage and choose the right plan for their needs.
How Do Revolut’s Business Fees Compare to Traditional Banks?
Compared to traditional banking services, Revolut Business offers lower costs and more flexibility.
Key Comparisons
- Lower Monthly Costs: Traditional banks often charge higher monthly fees with fewer free transactions.
- Competitive International Transfers: Revolut’s standard fee of £5 per international transfer is lower than most bank charges.
- No Hidden Charges: Traditional banks may include unadvertised maintenance or processing fees.
For businesses handling high volumes of international transactions, Revolut Business provides a cost-efficient alternative to traditional banking.
What Are the Costs for Accepting Payments with Revolut?
Revolut Business allows businesses to accept payments online and in person, with fees applied to all transactions.
Processing Fees
| Type of Payment | Variable Fee | Flat Fee (UK GBP) |
| Online Card Transactions | 1% (UK consumer Mastercard & Visa) | £0.20 |
| American Express Payments | 1.7% | £0.20 |
| Payments from Non-UK Cards | 2.8% | £0.20 |
| In-Person Card Transactions | 0.8% (Mastercard & Visa) | £0.02 |
| Revolut Pay In-Store Transactions | 0.5% | £0.10 |
These transaction fees apply regardless of the method used to process payments, whether online, via payment pages, or using Revolut terminals.
Is the Revolut Business Account Worth the Fees?
Revolut Business is a strong choice for businesses looking for low-cost, flexible banking.
Who Benefits Most?
- Businesses that frequently send and receive international payments
- Companies that require multi-currency accounts for cross-border transactions
- E-commerce businesses that accept online payments from global customers
For businesses requiring physical branches or traditional banking services, Revolut may not be the most suitable option.
How Can You Minimise Fees with a Revolut Business Account?
Businesses can reduce costs by making smart financial decisions.
Ways to Minimise Costs
- Choose the right plan to optimise free allowances.
- Exchange currency on weekdays to avoid weekend markups.
- Monitor transaction volumes to stay within free limits.
By following these strategies, businesses can maximise savings while benefiting from Revolut’s financial services.
Conclusion
Revolut Business accounts offer flexible and cost-effective banking solutions, especially for businesses handling international transactions.
While its fees are generally lower than traditional banks, understanding account plans, transaction costs, and additional charges is essential for making the best financial decisions.
Before choosing a Revolut Business account, carefully reviewing fees and selecting the right plan can help businesses optimise banking expenses.
FAQs
Is Revolut Business Suitable for UK-Based Companies?
Yes, Revolut Business is a strong option for UK companies, particularly those involved in digital transactions and international business.
Are There Free Transactions with Revolut Business?
Yes, each plan includes a limited number of free transactions before fees apply.
Does Revolut Charge for ATM Withdrawals?
Yes, Revolut charges after exceeding the free withdrawal limit.
Can Revolut Business Replace a Traditional Bank?
It depends on business needs. Revolut is ideal for online and international transactions but lacks traditional banking services.
Are Revolut’s Exchange Rates Competitive?
Yes, Revolut offers interbank exchange rates with a small markup beyond free limits.
Can I Accept Card Payments with Revolut Business?
Yes, Revolut provides payment solutions with transaction fees based on card type.
