€0

Monthly fee

2

Number of users

5

Local transfers limit

Product NameRevolut Business Free
Monthly fee€0
Supported currenciesGBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CNY,ANR,CAD,AUD,NZD,AED,HUF,BGN,GEL,RON,EUR
Fee for additional users€5
Currency conversion fee0.4% per payment
Local transfers limit5
More Info
Product NameRevolut Business Grow
Monthly fee€25
Supported currenciesGBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CNY,ANR,CAD,AUD,NZD,AED,UAH,HUF,BGN,GEL,RON,EUR
Fee for additional users€5
Currency conversion fee0.4% per payment
Local transfers limit10
Limit for free international transfers100
More Info
Product NameRevolut Business Scale
Monthly fee€100
Supported currenciesGBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CNY,ANR,CAD,AUD,NZD,AED,UAH,HUF,BGN,GEL,RON,EUR
Fee for additional users€5
Currency conversion fee0.4% per payment
Local transfers limit1000
Limit for free international transfers50
More Info
Product NameRevolut Business Enterprise
Monthly fee€1,000
Supported currenciesGBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CNY,ANR,CAD,AUD,NZD,AED,UAH,HUF,BGN,GEL,RON,EUR
Fee for additional users€0
Currency conversion fee0%
Local transfers limitUnlimited
Limit for free international transfersUnlimited
More Info
Product NameRevolut Freelancer Free
Monthly fee€0
Supported currenciesGBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CNY,CAD,AUD,NZD,AED,BGN,GEL,RON,EUR
Currency conversion fee0.4% per payment
Local transfers limit5
Limit for free international transfersN/A
More Info
Product NameRevolut Freelancer Professional
Monthly fee€7
Supported currenciesGBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CNY,ANR,CAD,AUD,NZD,AED,HUF,BGN,GEL,RON,EUR
Currency conversion fee0.4% per payment
Local transfers limit20
Limit for free international transfers5 per month
More Info

What business accounts offered by Revolut?

There are currently four main business accounts to compare with Revolut. These are:

  • Free. The €0 per month account offers a basic range of features, including having two named account holders. You’ll get five free regular bank transfers per month with this plan.
  • Grow. This €25-per-month account unlocks more benefits and comes with 100 free regular bank transfers. You’ll also get 10 named account holders and 10 fee-free international transfers. Plus, you get €10,000 of free foreign currency exchanges, set at the ‘real’ exchange rate. This is the rate used by banks to exchange money with one another each day.
  • Scale. Pay €100 a month and you’ll get up to 30 named account holders, 1000 free regular bank transfers, 50 fee-free international transfers and €50,000 of free foreign currency exchanges
  • Enterprise. The top-tier plan costs €1,000 a month and comes with unlimited monthly allowances

Revolut also offers two plans for freelancers who open a business account under their own name. These are named Free (€0 p/m) and Professional (€7 p/m) – the latter includes the standard benefits of five free international transfers and up to €5,000 per month in fee-free foreign currency exchanges.

All of these accounts bill on a monthly basis and you can amend or cancel your plan at any time.

What other features are offered by Revolut Business?

Here are some more pros and cons of Revolut’s Free account:

  • It’s free to open an account
  • Free transfers to and from other Revolut accounts
  • Hold and exchange 28 currencies
  • IBAN for global transfers
  • Prepaid debit cards – to manage business expenses
  • Mobile app for cardholders
  • Google Pay and Apple Pay payments are accepted
  • Virtual cards – let team members make online payments, and more
  • Connect – link your account with other business processes
  • Open API – automate your spending, including recurring payments
  • After your five free regular transfers, it costs €0.2 per transaction thereafter
  • €3 charge per international transfer
  • There’s a 2% fee on ATM withdrawals
  • It costs €5 to get an additional or replacement card0.4% mark-up on foreign currency exchanges
  • Priority 24/7 support
  • User permissions
  • Payment approval
  • Bulk payments
  • Perks
  • Expense management
  • No physical locations

Let’s compare this to Revolut’s Grow account. This is its cheapest paid-for account; it costs €25 per month, excluding fees or charges:

  • It’s free to open an account
  • Free transfers to and from other Revolut accounts
  • Hold and exchange 28 currencies
  • IBAN for global transfers
  • Prepaid debit cards – to manage business expenses
  • Mobile app for cardholders
  • Google Pay and Apple Pay payments are accepted
  • Virtual cards – let team members make online payments, and more
  • Connect – link your account with other business processes
  • Open API – automate your spending, including recurring payments
  • Priority 24/7 support
  • User permissions
  • Payment approval
  • Bulk payments
  • Perks
  • Expense management
  • 0.4% mark-up for anything above the €10,000 allowance on foreign currency exchanges
  • After your 100 free regular transfers, it costs €0.2 per transaction thereafter
  • There’s a 2% fee on ATM withdrawals
  • It costs €5 to get an additional or replacement card
    3 € charge for each international transfer you make on top of your 0 free transfers
  • No physical locations

Make sure you read the full terms of each Revolut account so that you understand any other conditions they may have, and to avoid unexpected charges and fees.

Compare Revolut with other business bank accounts in Germany

Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
N26 Business
€0
10
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
Fidor Smart Business Account
€5
1
N/A
A mobile business account with real-time notifications on your transactions. Includes a digital Mastercard with mobile payment and a Smart Banking app.
N26 Business You
€9.90
10
Unlimited
A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
N26 Business Metal
€16.90
10
Unlimited
loading

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
NetBank Business Account Basic
€4.85
10
Unlimited
An affordable business account designed for freelancers and self-employed people with mobileTAN, sub accounts and more.
Commerzbank Classic business account
€9.90
1
10 per month

Receive €100 opening your account online and enjoy 0 € price for 6 months

Commerzbank Premium business account
€24.90
1
75 per month
Penta Business Advanced plan
Penta Business Advanced plan
€9
2
100
A German IBAN and current account for startups and small businesses that gives you convenient account management, international payments and multi-user support.
loading

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
bunq Business
€9.99
20
N/A
Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
Penta Business Premium plan
Penta Business Premium plan
€19
5
300
A top-tier business account for startups and companies with accounting integrations and international payments. Access it all through a smart mobile app.
loading

Compare up to 4 providers

Please note these products are not licenced as banks. Check our product review pages for details.
Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
Qonto Solo
€9
1
20
Self-employed account including 1 user and 1 physical one card. It allows up to 20 free transfers
Qonto Standard
€29
5
100
A low-cost business account solution for small businesses and freelancers. Get 2 physical cards and 5 users included along with a number of features.
Holvi Starter
€0
Unlimited
500
An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
Holvi Grower
€12
Unlimited
Unlimited
A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
loading

Compare up to 4 providers

Is my money safe with Revolut?

In December 2018, Revolut secured its European banking licence from the European Central Bank. However, at the time of writing, this was still being put into place. Revolut still has obligations to safeguard your funds in a separate tier-1 bank, so that you can get them back should anything happen to the company.

Revolut’s smartphone app offers protection in the form of a password or fingerprint ID. If your card is lost or stolen, you can immediately freeze or unfreeze it in the app.

How to sign up to Revolut for Business

It’s easy to sign up for a business account with Revolut and you can start this process by completing an online application form. You’ll be asked to add and verify your email address; you’ll need to give a phone number, along with some further personal and business details. During your application, you’ll have to verify your identity by providing a valid ID and taking a selfie. Typically, it takes between one and seven days for Revolut to review your application.

After you’ve signed up and chosen your plan, you can request a contactless Revolut card and start using your account. You can change or cancel your plan at any time during a 14-day trial period.

All of Revolut’s business features can be accessed from a mobile app on both iOS and Android devices.

Bottom line

Revolut certainly has a lot going for it: the ease at which you can access, manage and control your finances are big pluses for the fin-tech. Such features put it in the same bracket as other finance apps and digital banks, which continue to grow ever-more popular with consumers. Where Revolut distinguishes itself from its competitors is perhaps seen in its drive to launch new features on a regular basis, along with increasingly high customer service ratings. However, the benefits offered by Revolut aren’t going to be the best fit for every business. There are a number of different options you should consider before making the crucial decision of who your company should open an account with.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Privacy Policy.
Go to site