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Revolut Business review Ireland

Explore Revolut Business Accounts, with options for freelancers, small teams and large companies.

Just like its personal bank accounts, Revolut’s business accounts come with a number of useful and innovative features. There is a range of options for businesses of all sizes, including freelancers, small teams and large organisations. In this review we will take you through what you need to know about Revolut’s business accounts so you can decide if it’s right for your business.

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0 €

Maintenance fee

2%

ATM fee

0.4%

Currency conversion fee

Compare all Revolut business products in Ireland

Name Product Monthly Fee Number of users Free monthly Euro transfers
Revolut Freelancer Free
0 €
Unlimited
5
A multi-currency account where you can hold and exchange 25+ currencies. Get virtual cards, a mobile app, and an IBAN.
Revolut Freelancer Professional
7 €
Unlimited
20
A professional account for up to Unlimitedusers. Hold and exchange 25+ currencies, get user permissions, expense management, and more.
Revolut Freelancer Ultimate
25 €
Unlimited
100
Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more.
Revolut Business Free
0 €
Unlimited
5
A no monthly fee business account designed for small teams. Hold 25+ currencies in your account and get 5 free local transfers.
Revolut Business Grow
25 €
Unlimited
100
Receive Unlimited free team members, 100 free local transfers and exchange up to €10,000 per month into 25+ currencies at the real rate.
Revolut Business Scale
100 €
Unlimited
1000
A multi-currency account with Unlimited free team members included. Get a mobile app for all cardholders and virtual cards.
Revolut Business Enterprise
1,000 €
Unlimited
Unlimited
A premium account with unlimited transfers, exchange and more. Hold 28 currencies and receive a local Euro and GBP account.
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Revolut started out by changing the way personal customers handled their money and soon branched out to business customers. We’ve checked out what Revolut offers to businesses in Ireland to help you decide if it’s right for you.

How does Revolut Business work?

Revolut offers a number of different business accounts designed for small teams, freelancers and all the way up to large organisations. The Revolut Business accounts come with different features and benefits depending on the type of business you have and the features you’re after. The account options start with the base level free account for freelancers which lets you make free local payments and gives account access to one user, and extends all the way up to enterprise accounts for companies which let you customise all aspects of the accounts.

Find out more about the features on offer and the costs to decide which account might be best for your business.

Is your business eligible for Revolut Business?

To access the business accounts from Revolut, your business must be one of the following:

  • Private limited company
  • Public limited partnership
  • Limited liability partnership
  • Partnerships
  • Sole trader
  • Freelancer
  • Unlimited company

Your business must also operate within the European Economic Area (which includes the UK) and Switzerland.

At the time of writing (21 September), Revolut Business is not available to other types of organisations such as:

  • Charities
  • Foundations
  • Associations
  • Venture capital funds
  • Co-operatives

Key features

No matter which account tier you decide to go with, Revolut Business offers:

  • Free account opening (different monthly fees apply)
  • Free transfers to and from other Revolut accounts
  • Hold and exchange 28 currencies
  • Receive both a GBP and EUR account as well as an IBAN for global transfers
  • Prepaid debit cards to manage business expenses
  • Mobile app for cardholders
  • Accounts with multi-user access let you set permissions for each individual
  • Google Pay and Apple Pay available
  • Virtual cards to let your team members make easy and secure online payments
  • Link your account with other business processes and apps such as messaging software Slack and accounting app Xero
  • Add a payment option to your website with the merchant API

With Revolut’s paid business accounts, you’ll also get:

  • Priority 24/7 support
  • Payment approval
  • Bulk payments
  • Perks
  • Expense management
  • Free local and international payments

What are the account options for businesses?

The Revolut Business accounts are split between two types: companies and freelancers.

Freelancer accounts

Company accounts

Fees and limits

Each Revolut Business account, whether it’s for freelancers or companies, comes with different costs and limits. We’ve listed some of the general fees that apply to all accounts:

  • Monthly fees. Fees vary depending on the plan you choose starting from €0 up to €100 or more per month.
  • Local transfers. Pay €0.2 per transfer after you reach your free local transfer limit.
  • International transfers. Pay €3 per transfer after you reach your free international transfer limit.
  • Extra Metal cards. €49 for each additional card.

How to sign up with Revolut Business

It’s easy to sign up for a business account and using our simple steps below, you could complete the short application in under 15 minutes.

  1. Click “Go to Site” from this page to be securely redirected to Revolut’s website “Business” to take you to the Business plans
  2. Complete the online application form. You’ll be asked to add and verify your email address, your phone number, along with some further personal and business details.
  3. Next, you’ll have to verify your identity by providing a valid ID and taking a selfie.
  4. Once you’ve signed up and chosen your plan, you can request a contactless Revolut card and start using your account.

Typically, it takes between one and seven days for Revolut to review your application. You can change or cancel your plan at any time during a 14-day trial period.

Our verdict

Revolut offers a number of benefits and features for businesses. What sets it apart from other digital banks offering business accounts is the number of account levels, allowing you to choose the account that best suits your needs.

There are a number of unique features on offer as well, such as letting you accept payments on your website through the merchant API as well as giving you local accounts in GBP and EUR.

If you’re unsure what account level to get, you can sign up for a free account to test out the features and see if it suits your business.

Customer reviews and opinions

Out of 5, the Revolut Business app has a rating of 4.7 from 5,900 reviews in the App Store. It’s also performing well on Google Play with a score of 4.5 from 7,450 Android app users (September 2021).

As Trustpilot reviews come from both personal and business customers, these ratings are general and refer to Revolut as an organisation. Drawn from more than 91,300 reviews, it has received a mark of 4.4 out of 5 stars and a rating of Excellent (September 2021). Some users praise the tools available through the app to help manage and save money and the free international transfers. Others have mentioned frustration at only being able to bank via the app, poor customer service for business account holders and being bombarded with advertisements.

How does Revolut Business compare with other digital banks in Ireland?

Name Product Monthly Fee Number of users Free monthly Euro transfers
N26 Business Metal
16.90 €
10
Unlimited
Streamline your corporate banking needs with automatic transfers, expense tracking, and more. All card purchases also comes with 0.5% cashback.
Revolut Business Grow
25 €
Unlimited
100
Receive Unlimited free team members, 100 free local transfers and exchange up to €10,000 per month into 25+ currencies at the real rate.
bunq Easy Money Business
10.99 €
25
N/A
Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
Revolut Freelancer Ultimate
25 €
Unlimited
100
Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more.
Revolut Freelancer Professional
7 €
Unlimited
20
A professional account for up to Unlimitedusers. Hold and exchange 25+ currencies, get user permissions, expense management, and more.
N26 Business Smart
4.90 €
10
Unlimited
A business current account with an Italian IBAN for freelancers. It offers cashback, shared spaces to save, automatic rounding, discounts and premium offers.
bunq Easy Green Business
20.99 €
25
N/A
Earn interest and simplify your business finances with this mobile-only corporate bank account. You’d also help plant a tree for every €100 spent.
Revolut Business Enterprise
1,000 €
Unlimited
Unlimited
A premium account with unlimited transfers, exchange and more. Hold 28 currencies and receive a local Euro and GBP account.
bunq Easy Bank Business
4.99 €
1
N/A
Enjoy zero FX fees on your overseas spending, plus send and receive instant payments with ease. Comes with a complimentary prepaid card.
N26 Business
0 €
10
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
Revolut Business Scale
100 €
Unlimited
1000
A multi-currency account with Unlimited free team members included. Get a mobile app for all cardholders and virtual cards.
Revolut Business Free
0 €
Unlimited
5
A no monthly fee business account designed for small teams. Hold 25+ currencies in your account and get 5 free local transfers.
N26 Business You
9.90 €
10
Unlimited
A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
Revolut Freelancer Free
0 €
Unlimited
5
A multi-currency account where you can hold and exchange 25+ currencies. Get virtual cards, a mobile app, and an IBAN.
Neat Business
0 €
1
Unlimited
Meet your international banking needs with global transfers, built-in analytics, multi-currency wallets, and other advanced finance management tools.
Soldo Pro
6 €
Unlimited
€40.000
Control your business spending effortlessly through automated accounting, expense insights, and a whole range of sophisticated banking features.
Soldo Premium
10 €
Unlimited
€40.000
Stay on top of costs with business-wide visibility and effortless control, all within a single platform built for corporate needs.
Soldo Uno
0 €
1
Unlimited
Control spending and set limits with either a plastic or virtual prepaid Soldo Uno Mastercard. Benefit from free deposits, accounting tools and 2% foreign exchange fees on overseas purchases.
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