Revolut Business Account: fees and features overview for the UK

Paola Faben Oliveira

27.06.23

4 minute read

If you have a UK registered business, or if you’re a UK freelancer looking for a way to manage your money, you may be considering a Revolut® Business account. Revolut Business plans range from free to tailor made, and can suit sole proprietors and freelancers, right up to enterprise level businesses.

Before you pick the right account for your needs, it’s helpful to understand the Revolut business account fees you’ll pay. This guide covers Revolut business pricing across all plan options - plus we’ll introduce the low cost multi-currency account from Wise Business as an alternative to look at, to make sure you’re getting the best account for your business needs.

Not sure about Revolut personal vs Revolut Business? Read our complete guide.

Revolut Business Plans

The Revolut business fees you’ll pay depend on the plan you pick. Revolut UK offers different plan options for companies and freelancers, with 3 different levels of plan for freelancers, and 4 for businesses. Both companies and freelancers can pick a free Revolut UK Business account, or upgrade to an account tier with monthly fees, which also unlocks more features and higher levels of fee free transactions.

To illustrate how this works, let’s look at the Revolut charges UK for different company account plans, including a look at their key features. We’ll focus on the Free, Grow and Scale plans in this guide. There’s also an Enterprise plan, which allows larger businesses to tailor make their Revolut Business account package. However, as this account is custom built to the business needs, few details of pricing or feature availability are publicly available.

For the full rundown of different Revolut Business account plans, check out the Revolut UK desktop site¹.

Feature/limit	Revolut Business Free	Revolut Business Grow	Revolut Business Scale
Monthly fee	No fee	£25	£100
Card availability	Virtual and plastic cards available	Virtual and plastic cards available 1 free metal card per account	Virtual and plastic cards available 2 free metal cards per account
Hold and exchange 25+ currencies, spend in 150+ currencies	✅	✅	✅
Free international payments	No free payments - international transfers £3 each	10 free international transfers - £3 each after this	50 free international transfers - £3 each after this
Free local payments	5 free local transfers - £0.2 each after this	100 free local transfers - £0.2 each after this	1,000 free local transfers - £0.2 each after this
Free currency exchange	No free currency exchange - 0.4% margin applies on all exchange	£10,000 free currency exchange - 0.4% margin applies after this	£50,000 free currency exchange - 0.4% margin applies after this
Receiving accounts in GBP and EUR	✅	✅	✅
Accept payments online and in person (variable fees apply)	✅	✅	✅
Add and manage user permissions	✅	✅	✅
Bulk payments	❌	✅	✅
Business API integrations	❌	✅	✅
Transfer approval	❌	✅	✅

Revolut business account features overview

💳 Business card	Virtual and plastic cards available free for all account tiers
💲 Local payments outside plan allowance	£0.2
🗺️ International payments outside plan allowance	£3
📄 Bulk payments	Available to Scale and Grow account holders
🌍 Multi-currency account	Hold 25+ currencies
💷 Local accounts	In GBP and EUR
🔗 Accounting integrations	✅
🫂 Multi user access	✅
📱 24/7 support	✅

Feel ready to open your Revolut Business account? Read our guide to check requirements and documents needed.

Revolut Business card

Revolut Business accounts offer virtual, plastic and metal cards, depending on the account tier you select². You can use your Revolut Business cards at home and abroad, including for international business travel, in 150+ currencies.

Cards are available for team members, and it’s possible to manage employee expenses through setting spend allowances, freezing and unfreezing team member cards, and reviewing transactions as required.

The card allowance available will depend on your account tier, and fees may apply if you need to order additional cards in excess of those offered within your account package. For example, the Revolut Business Free plan offers one plastic card for each team member, with delivery charges of 4.99 GBP for any card ordered in excess of this³.

On the other hand, the Revolut Business Scale plan offers plastic cards with the same terms, plus 2 free metal cards. If you have this account plan and want to order extra metal cards in excess of this you’ll have to pay 49 GBP each. If you cancel your plan, or downgrade, within 3 months, you may also need to pay fees to cover the cost of the free metal cards⁴.

Here’s a run through of some of the key Revolut Business card fees you should know about:

Service/feature	Revolut Card fee
Order a plastic card	Free within plan limit £4.99 after that
Order a metal card	Free within plan limit £49 after that
POS spending	No fee to spend currencies you hold in your account
ATM withdrawals	2%
Cancel account	You may need to repay the costs of free metal cards if you cancel in 3 months of receiving one

Alternative to Revolut business account - Discover Wise Business

UK businesses and freelancers can choose from a broad range of business account providers, including Revolut alternatives like Wise Business.

Open a Wise Business account for a low, one time fee, and hold and exchange 40+ currencies all in the same place. You can switch between currencies without limits, with the mid-market exchange rate and low fees from 0.43%, to send payments to 160 countries, and to spend with your Wise international business card in 150+ countries.

wise-business

Add money yourself in 20+ currencies, or top up with local account details in 9 currencies - you can also use your own local account details to get paid by clients, and through PSPs and marketplaces. Easy.

Looking for more? You may also be interested in the Wise Interest feature. With Wise Interest, you can get a 4.82% variable rate on your GBP balance held in your Wise Business multi-currency account.

Capital at risk. Current rates do not guarantee future growth.

Variable rate is based on 7 day performance as of 10 Aug 2023. This fund has returned an 0.93% annual average over the last 5 years, excluding Wise and fund manager fees. See full 5 year past performance of funds

Get started with
Wise Business 🚀

Pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Revolut Business plans offer some great features - and you can pick the plan that suits your specific needs, from free plans with some feature limitations, to fee paying account tiers with full feature access and higher levels of fee free transactions.

Use this guide to Revolut Business account fees in the UK to help you pick which plan may suit your needs, and weigh it up against an alternative like the low cost business accounts from Wise Business, with no ongoing fees and mid-market exchange rates on 40+ currencies.

Sources used in this article:

Sources last checked June 27, 2023

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.