Revolut Business

Revolut Business is a multi-currency business account with a spend- and FX-management layer built around it. Its purpose is narrower than "a bank account": it is designed for companies that hold and move money in several currencies, issue cards to staff, and want the account, expenses and currency conversion in one interface rather than three.

What Revolut Business actually is

• Multi-currency accounts — hold balances in multiple currencies with local account details in supported markets.
• Currency exchange — in-app conversion between held currencies, with allowances and markups defined by plan and timing.
• Cards and spend controls — physical and virtual cards for staff with per-card limits, merchant restrictions and receipt capture.
• Payments and payouts — domestic and international transfers, bulk payments and scheduled payments.
• Operations tooling — expense management, approval workflows, accounting integrations and an API for programmatic payments.

The multi-currency argument

Revolut Business is at its most convincing for companies whose revenue and costs are in different currencies: an agency invoicing US clients while paying European contractors, a software business collecting subscriptions in several currencies, a team paying overseas suppliers. Holding the currency you receive rather than converting it immediately, then converting deliberately, is a real cost lever — and having cards, transfers and conversion in the same account removes reconciliation work.

The important nuance is that FX pricing is plan- and timing-dependent: allowances, markups and weekend or out-of-hours conversion terms are documented and change. Read the current schedule rather than assuming the headline positioning applies to your volumes.

Spend management

Card issuing with granular controls, approval flows and receipt capture is the part most teams end up valuing day to day. For companies that previously ran expenses through personal cards and a spreadsheet, this is the feature that justifies the subscription — and it overlaps with what dedicated spend-management platforms sell separately.

Regulatory status and deposit protection

This is the single most important thing to check and the most commonly misunderstood. Revolut's regulatory permissions differ by region, and whether your balance is held as a bank deposit with the corresponding protection scheme, or as safeguarded e-money, depends on the entity your account sits with. The two are not equivalent in an insolvency scenario.

We do not state which applies to you, because it depends on your country and account. Read Revolut's legal documentation for your entity, and treat the answer as a treasury decision: many companies use a challenger account for operations and keep reserves with a licensed deposit-taking institution.

Support and dependency

Digital-first providers are efficient to use and harder to escalate within. Business banking failure modes — a frozen account during a compliance review, a payment that must clear today — are precisely where relationship banking is missed. The mitigation is standard treasury hygiene: a second account with a different institution, so a single account review does not stop payroll.

Pricing

Revolut Business is sold in tiered plans with different FX allowances, payment volumes, card counts and feature access, priced per month with per-transaction charges beyond plan limits. Terms vary by country. We do not reproduce figures — model your own transfer volume and FX turnover against Revolut's official business pricing page for your market.

Where it fits

• Multi-currency businesses receiving and paying in several currencies.
• Distributed teams paying international contractors and suppliers.
• Companies formalising expenses that need staff cards with real controls.
• Fast-moving small and mid-sized companies that value self-serve account operations.

Where it does not fit

• Businesses needing lending, overdrafts or a relationship manager.
• Companies whose treasury policy requires deposits held only with a licensed deposit-taking bank in their jurisdiction.
• Cash-handling businesses needing branch deposits.
• Single-currency, domestic-only companies, where a domestic account is simpler and often cheaper.

Independent verdict

Revolut Business is one of the strongest multi-currency operating accounts available to small and mid-sized companies, and its spend controls and FX handling remove work that domestic bank accounts leave to you.

Treat it as an operating account rather than a full banking relationship. Confirm the regulatory arrangement that applies to your entity, keep a second institution in place, and it is an easy account to recommend for the job it is actually built to do.