{"id":854644,"date":"2020-05-20T17:58:01","date_gmt":"2020-05-20T21:58:01","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=854644"},"modified":"2025-04-28T10:38:05","modified_gmt":"2025-04-28T14:38:05","slug":"revolut-business","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/digital-banking\/revolut-business","title":{"rendered":"Is Revolut for Business available in Canada?"},"content":{"rendered":"
Please note: All information about this product has been collected independently by Finder and this product is not available through this site.<\/i><\/small><\/div>

UK-based digital banking app, Revolut, offers personal and business spending accounts as well as low-cost money transfers at preferred exchange rates. Customers get both physical and virtual debit cards to conveniently manage their everyday spending. Business accounts can be integrated with popular business software, and account holders can use management tools to control employee account access.<\/p>

But can entrepreneurs use Revolut for Business if they live in Canada? Are there any good alternative services in Canada?<\/p>

Is Revolut for Business available in Canada?<\/h3>

Currently, no. To open a business account with Revolut, companies must be registered in, and have a physical presence in either the European Economic Area (EEA), the UK or Switzerland.<\/p>

Users must provide business registration or incorporation details (unless they\u2019re freelancers or similarly unregistered business owners) as well as proof that their businesses have operating addresses within an acceptable region. Users must also provide their names, addresses, photo IDs and selfies.<\/p>

Foreigners living in the EEA, UK or Switzerland might be able to fulfill the requirements, but if you live in Canada, you\u2019re out of luck.<\/p>

What types of business does Revolut support?<\/h4>

While most types of businesses are eligible to open a Revolut account, some are restricted. This includes charities, political organizations, religious organizations as well as companies within certain industries such as weapons, cash-back services, cryptocurrency trading, dating, chemicals, gambling and debt collection, among others.<\/p>

Revolut business accounts can be used by number of business entities including Limited Liability Partnerships (LLPs), Partnerships, Sole Traders (similar to sole proprietors in Canada), Freelancers, Private Unlimited Companies, Private Limited Companies and Public Limited Corporations. The company plans to expand this list over time.<\/p>

Are there any alternatives to Revolut for Business in Canada?<\/h3>

Yes. There are a number of digital banking services in Canada that offer low fees, financial support tools and strong, user-friendly digital platforms. Read our reviews of the companies below to learn more about convenient ways to handle your money online and on your smartphone.<\/p>

Digital Banking in Canada<\/a><\/p>

About Revolut<\/h3>

Revolut is a rapidly-growing digital banking app that launched in the UK back in 2015. The app supports both personal and business accounts and offers customers convenient spending options with physical and virtual cards. Revolut also offers low-cost money transfers in 30+ currencies. Customers can save on foreign exchange transactions by trading at Revolut\u2019s interbank exchange rate, which is usually reserved for large forex trades between banks.<\/p>

Today the online-only banking company has millions of active customers, including hundreds of thousands of business account holders.<\/p>

Are Revolut personal banking accounts available in Canada?<\/a><\/p>

Pros and cons of Revolut for Business<\/h3>

Pros<\/h4>