Revolut Business account review: What it is, features, pros, and cons

Founders paying overseas contractors, settling invoices with vendors in Manila or Berlin, and trying to keep a lid on FX fees often have to pay extra for every transfer. And once you start scaling your team, tracking who spent what across a growing team becomes an essential but redundant task. In more ways than one, Revolut, a London-based fintech company, helps remove the redundancy.

The Revolut Business account review will break down the account features, what it does well, what it costs, and where it falls short. Revolut is a capable multi-currency tool that supports USD payments, corporate cards, expense tracking, invoicing, and accounting integrations. But there are certain limitations US founders need to know before they sign up, and we'll compare it against the top Revolut competitors toward the end.

Revolut Business account: Overview

Revolut Business is a financial technology company, not a bank. In the US, Lead Bank, Revolut’s partner institution, provides banking services and FDIC insurance on funds held in a Revolut Business account. Revolut itself is the technology layer and program manager sitting on top of that banking infrastructure.

That structure works well for a specific kind of business: US companies paying international contractors, buying from overseas vendors, and converting currency often enough that FX costs actually show up on the P&L. If that's your business, Revolut's multi-currency tools solve a real problem.

Revolut Business account doesn't accept cash or check deposits, which rules it out as a sole banking relationship for businesses that still handle either. And while it includes basic invoicing and bill-pay tools, it doesn't fully replace a dedicated payment processing platform for high-volume ecommerce. If you're running serious transaction volume through a storefront, you'll likely still need a processor alongside it.

Revolut Business account features

Revolut packs a lot into one dashboard. Here's what matters most for US founders.

Multi-currency and FX

• Hold and exchange up to 25 currencies in one account
  
• Spend in 150+ currencies through Revolut cards, with automatic conversion at the point of sale
  
• Access interbank exchange rates up to your plan's monthly FX allowance; above that, a 0.6% fee applies
  
• Outside foreign exchange market hours, an additional 1% fee applies to exchange.
  

Team spend management

• Issue physical and virtual corporate cards, with the ability to create up to 50 virtual cards per team member
  
• Set individual spend limits by card, category, or team member
  
• Route purchases through approval workflows before they clear
  

Invoice management software

• Create and send invoices directly from the platform, and pay bills without leaving the dashboard
  
• Receive bank transfers on invoices in multiple currencies, depending on your account and region.
  
• For eligible founders, Revolut’s Merchant account accepts card payments and Revolut Pay invoices. Supported currencies vary by payment method.
  
• Merchant account availability and features depend on your business type and location, so not every Revolut Business account automatically has full payment gateway functionality.
  

Integrations

• API access for founders who want to build custom workflows
  
• Native sync with Xero, QuickBooks, and NetSuite, allowing you to use your existing accounting software.
  

Revolut Business US transfer limits

Revolut business bank account imposes the following limits on transfers for US businesses:

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Revolut Business account pricing

Revolut Business account fees runs four US tiers, all priced in USD. Here’s what it looks like for different tiers.

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Enterprise tier is built for companies with high transaction volume, complex team structures, or the kind of governance requirements that need a dedicated relationship manager rather than a self-serve tier.

The tiers themselves are straightforward. The overage fees are where founders get caught off guard:

• FX overages: once you exceed your plan's interbank allowance, a 0.6% markup applies to further currency exchange, plus the 1% charge for outside-market-hours exchange
  
• Local transfers: $0.20 per transfer over the plan’s free allowance
  
• International transfers: $5 per transfer once you exceed your plan's free allowance
  
• ATM withdrawals: a flat 2% fee on all withdrawals, regardless of plan
  

A Basic account includes only USD $1,000 of fee-free FX, so if your company exchanges USD $10,000/month, you should compare the Basic plan’s USD $1,000 allowance and 0.6% excess-FX charge against the Grow subscription tier. Certain features like bulk transfers, customer spend approvals, account-access permissions, analytics, and API access start from the Grow tier and aren’t available to the Basic plan.

Revolut Business account review: Pros and cons

Revolut Business account is a good choice for founders wanting to move money across currencies, but to know what it offers, here’s a list of pros and cons for founders to make an informed decision.

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Who can open a Revolut Business account?

Revolut has strict eligibility rules for US businesses, including ineligibility of sole proprietors to open a business bank account. Here’s what US founders need to open a Revolut Business account:

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If your business passes these requirements, you can set up a Revolut Business account. Filling the form takes about 10 minutes, and then verification takes longer.

Final verdict: Is Revolut Business worth it

Revolut Business is an account for multi-currency FX management, corporate cards, invoicing, and integrations. Whether it’s worth it for founders comes down to how closely your needs match what it does well.

It is a good fit when you,

• Run a lean team with contractors or vendors in multiple countries
  
• Move consistent FX volume and want interbank rates within your plan’s allowance
  
• Need fast card issuance across a distributed team
  
• Don’t require check or cash deposits
  

Revolut Business is a poor fit if you,

• Handle cash or check deposits as a part of your operations
  
• Need in-person support rather than on chat
  
• Run high-volume ecommerce and need a dedicated payment gateway alongside your banking
  
• Have varying FX transfers that change, going within or above the transfer allowances
  

If you fall into the second list more than the first, Aspire’s all-in-one setup is worth a look before you commit to a Revolut plan. For a closer look at how the full field compares, read our dedicated guide to Revolut alternatives.

End note

Revolut Business is a solid choice for founders whose main pain point is FX. The interbank rates, the currency wallets, and the card infrastructure all work as advertised. But US founders often outgrow its rigid pricing tiers faster than expected, and the lack of US-centric banking features, like check deposits, means most businesses still need a second account to fill the gap.

Aspire¹ closes that gap with a more integrated financial stack: one account for global payments, corporate cards², multi-currency FX^*, and expense management, without the overage fees that creep in once you exceed a Revolut plan's allowances. If you're ready to consolidate your cards, accounts, and expense tracking into one platform, talk with Aspire today.

FAQs

Is Revolut Business safe?

Revolut Business operates as a fintech company, not a bank. In the US, funds held in a Revolut Business Card account are held with Lead Bank and insured by the FDIC up to USD $250,000, as long as specific deposit insurance requirements are met.

What is the downside of Revolut?

The main downsides for US businesses are the lack of cash and check deposit options, monthly subscription fees on every plan tier, chat-only support on lower tiers, and overage fees that apply once you exceed your plan's FX or transfer allowances. Strict eligibility rules also exclude some business types, including sole proprietors in certain regions.

Is Revolut or Wise better for business?

It depends on your usage pattern. Revolut fits businesses that want deeper team spend controls, virtual card issuance at scale, and are comfortable paying a monthly subscription for higher FX allowances. Wise fits businesses with occasional, lower-volume international transfers that want the mid-market rate without any monthly commitment.

What additional fees can Revolut Business charge?

Revolut discloses its fees, but they're easy to miss. Overage charges include a 0.6 percent markup on FX exchanges beyond your plan's allowance, $5 per international transfer once you exceed your free allowance, and a flat 2% fee on all ATM withdrawals.

Which Revolut business account plan is best?

Basic works for incorporated companies with low FX/transfer activity. Grow suits active businesses needing larger FX/transfer allowances and added controls. Scale fits higher-volume international businesses. Enterprise is built for organizations that need custom allowances and dedicated account management.

How can I compare accounts for small businesses?

Start with your actual usage, how often you move money internationally, how many team members need cards, and whether you need cash or check deposit capability. From there, compare monthly fees against FX allowances and overage costs, not just the sticker price, since that's where most providers differentiate.