Revolut

Revolut Business is a multi-currency business account with built-in cards, spend controls and expense management. It sits somewhere between a traditional business bank account and a finance operations tool: you hold and convert several currencies in one place, issue physical and virtual cards to staff, and handle receipts, approvals and bill payments in the same dashboard. It is aimed at companies that pay or get paid across borders and want fewer separate systems between the card swipe and the accounting ledger.

What you can actually do with it

Most teams start with the account and cards, then gradually adopt the spend and expense features.

• Hold multiple currencies. Keep balances in different currencies in one account and convert between them, with local and SWIFT/IBAN details for receiving payments.
• Send international payments. Pay suppliers and contractors in a long list of destinations without opening separate accounts per market.
• Issue cards to your team. Create physical and virtual cards per person or per subscription, and set limits, merchant categories and single-use rules before money moves.
• Collect and match receipts. Staff photograph or email receipts, and the system reads them and matches them to card transactions, chasing people who have not submitted.
• Run approvals and bill payments. Route spend requests and supplier invoices through approval steps, then pay approved bills from the same account.
• Sync to your accounting software. Push transactions and expense data into Xero, QuickBooks, Sage and other packages instead of exporting spreadsheets.
• Automate through the API. The Business API lets developers pull transactions or trigger payments from your own systems.

Who it fits best

It suits small and mid-sized companies with genuine cross-border activity: agencies with overseas clients, e-commerce sellers paying suppliers abroad, remote teams paying contractors in several countries, and startups that want card controls without a corporate banking relationship. Finance-of-one operations and office managers tend to like it because setup is self-service and cards can be issued in minutes.

It fits less well if your business is purely domestic and cash-heavy, if you need branch services, or if you depend on a relationship manager, lending facilities or complex trade finance. Regulated sectors and businesses that need specific account structures should check acceptance before committing.

Things worth knowing before you commit

• Feature access depends on the plan. Several of the spend, expense and integration features are limited to the higher business tiers rather than the entry plan.
• Regulatory status varies by country. Depending on where your entity is registered, the account may be provided by a bank entity or as an e-money account, which changes what deposit protection applies. Confirm which applies to you.
• Onboarding and compliance checks can be strict. Some business types are declined or asked for extra documentation, and accounts can be frozen during reviews, so keep a backup banking option.
• Support is mostly in-app. There is no branch network and phone access is limited, which matters if you want to escalate a payment problem quickly.
• It is not an accounting or tax system. It records and categorises spend, but filings, VAT treatment and company tax positions still need your accountant.

Alternatives to compare it against

Weigh it against three groups. Traditional business banks make more sense if you need lending, in-person service or a long-standing relationship. Other digital business accounts such as Wise Business or Airwallex are worth comparing if cross-border payments and currency conversion are the main reason you are looking, since their pricing and coverage differ. Dedicated spend platforms such as Pleo, Payhawk or Spendesk are stronger on card policy, approvals and reimbursements, and can sit on top of a bank account you already have. Anything involving how you fund the business, hold reserves or structure ownership is a conversation for a qualified accountant or adviser rather than a software comparison.

Plans, limits and pricing change regularly, and available features differ by country. Check Revolut’s own pricing page for the current details in your market before deciding.

Further reading

• The Best 5 Bank Tools for Smarter Business Banking — how digital business accounts compare with traditional banking providers.
• Best Practices for Multi-Currency Billing — relevant if holding and converting several currencies is your main reason for looking.
• Corporate Travel and Expense Management Best Practices — the policy side of issuing staff cards and chasing receipts.
• For Business Owners: Choosing the Right Accounting Software — picking the ledger Revolut’s Xero and QuickBooks sync feeds into.

Have you used Revolut?

One sentence is enough. Would you pick it again, and why or why not? We publish the critical reviews too — that is the point.