Revolut Business Account Review (2025): Features and fees

Are you considering opening a Revolut Business Account? As with any decision that relates to financial management, having a thorough understanding of the services on offer will help you make an informed choice.

In this article, we’ll give a background to Revolut, how their business account works, key features, eligibility requirements, regional services, associated costs, timeframes, and their customer support channels.

What is Revolut? 

Revolut, established in 2015 in the UK, is a fintech company offering digital financial services to consumers and businesses. 

Revolut’s pricing plans can be an affordable option for small businesses to manage domestic payments and simple foreign exchange and global payment needs. They offer multi-currency accounts, domestic and international transfers, and team card management. 

However, Revolut may be less equipped to meet the complex cross-border financial needs of high-growth companies.

Revolut Business Account key features and products 

Let’s start the Revolut Business Account review with key features and products that make Revolut a consideration for Australian businesses. 

Eligibility: Revolut offers a business account to businesses that are;

• Registered in Australia and have a legal home address in the UK, EEA, Switzerland, Australia, Singapore, or the US

• Fully incorporated and active

• Not a charity, operate in the public sector, act as a cooperative, or are registered as sole traders

• Not operating in unsupported industries

Sending and receiving money: Users can send money in 30+ currencies to over 150 destinations. Limited local and international transfers are provided within the pricing plan, and any additional transfers may incur an extra fee. 

Expense Management: Revolut offers virtual or physical cards, allowing users to track team spending and reconcile transactions. Business owners can set spending limits and personalise approval processes. Fees apply to cards and expense management tools.

Integrations: Revolut integrates with various accounting, HR, and productivity platforms to help users create a centralised management system. Some of these integrations include Xero, FreeAgent, Slack, Sage HR, and Zapier. 

Support: Users have 24/7 access to chat support and those on the enterprise plan have access to a dedicated account manager. 

Revolut Pros and Cons

Pros 

• Offers customisable corporate cards 

• Supports multi-currency accounts and currency conversion 

• Serves both individuals and businesses, so those who already have a personal account may find it easier to pick up 

Cons

• Additional transaction fees outside the free transaction allowance may be costly 

• User can't earn interest or returns on idle funds

• No physical branches - digital only platform and service

Revolut Business Account Pricing & Fees

How much does the Revolut Business Account cost to use? See the table below for the main fees and charges users need to know about for Revolut’s most basic account – the Revolut Business Grow Account.

Revolut Business Account User Reviews

Before jumping into Revolut, it may be worth checking out what users have said about it on reputable review sites. 

At the time of writing (7 March, 2025), Revolut has received a 4.4/5 star rating across 180,000 reviews on TrustPilot. Many reviews express the ease of use and convenience when travelling. Whilst many individual users have enjoyed the Revolut experience, the Revolut Business account has received some negative feedback with higher fees for more premium features, making it not as competitive compared to alternatives. 

Overallthe Revolut Business account is reported by users to be intuitive, allowing them to access various features like multi-currency accounts, corporate cards, expense management, and analytics. However, the platform may become more costly as businesses grow and require more tools through their pricier plans. 

What do businesses need to open a Revolut Business Account? 

To open a Revolut Business Account, businesses are required to share documents, which include: 

• Identity verification: a video selfie, national ID, or residence permit 

• Certificate of incorporation or registration for the business 

• Proof of business activity 

• Proof of operating address

• Ownership document 

Exploring alternatives to Revolut? ‌Consider Airwallex

There are other compelling fintech options beyond Revolut that businesses may wish to consider.

An Airwallex Business Account provides businesses with similar benefits to the Revolut Business Account. However, Airwallex offers products and services that are built specifically for businesses that have global stakeholders and work globally. 

For businesses serious about cutting costs, Airwallex offers free unlimited domestic transactions and free unlimited international transactions at a 0.5-1% FX rate. As Revolut only offers five free international transfers, and charges $10 per transfer thereafter, businesses that often move money around might find Airwallex a more cost-effective option.

Uniquely, we also offer a high-rate saver account, Airwallex Yield, which gives users the opportunity to earn competitive returns on idle funds in AUD and USD. Compared to Revolut, Airwallex’s advanced Corporate Cards, Payments solutions, and analytical tools also provide greater centralisation for all financial operations. 

Our Business Account isn't only built for everyday business transactions – it’s designed to make managing, growing, and moving business funds globally simple. 

Move money locally and globally

Expand business potential and slash the costs of spending at home and abroad.

• Open accounts in 60+ countries without needing a local entity

• Transfer to 150+ countries with market-leading FX rates, and enjoy free local transfers

• Accept payments from 130+ countries and maximise online selling with smart plugins and Payment Links

Manage money easily

Slash admin and reduce human error with our centralised tools that simplify financial operations.

• Issue corporate Visa cards for FX-free global spending. 

• Enjoy smart integrations with popular accounting platforms like Xero and Netsuite

Grow money effortlessly

Make every dollar work harder with our unique business savings solution. 

• Grow funds with our high-rate business saver Yield, empowering businesses to earn returns in AUD and USD

Looking for even more? Beyond our Business Account, businesses can explore our advanced Spend Management tools and Platform APIs.

Airwallex is designed for businesses with global reach in suppliers, vendors, and customers. Our end-to-end financial solution empowers businesses to replace traditional solutions and clunky tech stacks with a single powerful platform. 

Learn more about Airwallex vs Revolut

How to open a business account with Airwallex

The best way to get started with us is to sign up for our Business Account. Just fill out a few simple details.

Once signed up, users can start opening multiple domestic and foreign currency accounts in minutes. Our platform is intuitive and built for getting started quickly. Additional assistance is also available from our friendly local support team.

Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].

This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Pty Ltd (ACN 609 653 312, AFSL No. 487221), it is important for you to read the Product Disclosure Statement (PDS) for the Direct Services, available here. If you are a customer of Airwallex Capital Pty Ltd (ACN 661 618 819, AFSL No. 549026), it is important for you to read the PDS for Airwallex Yield, available at www.airwallex.com/au/terms and issued by K2 Asset Management Ltd (ABN 95 085 445 094, AFSL No. 244 393), a wholly-owned subsidiary of K2 Asset Management Holdings Ltd. All investments carry risk.

Sources 

• https://www.revolut.com/en-AU/business/

• https://www.revolut.com/en-AU/business/business-account-plans/ 

• https://www.revolut.com/en-AU/business/cards/

• https://help.revolut.com/en-AU/help/cards/card-order/fees-for-ordering-a-card/

• https://www.revolut.com/en-AU/business/multi-currency-accounts/ https://www.revolut.com/en-AU/business/money-transfers/