Our verdict

Revolut Business is a multi-currency business account with strong international transfer features and tiered plans for different business needs.

Revolut Business is built for companies that deal with more than one currency, whether that's paying overseas suppliers, holding revenue from international customers or managing a team that spends across borders. It combines a business transaction account with multi-currency holding, corporate cards, expense management and payment acceptance tools in a single app, and its interbank-rate currency exchange could work out much cheaper than bank exchange rates.

The catch is that Revolut Business isn't technically a bank in Australia. It's issued by Revolut Payments Australia Pty Ltd under an AFSL and credit licence, not an ADI, so funds aren't covered by the government's Financial Claims Scheme in the way deposits at a bank are. There's also no free plan, although there are multiple pricing options depending on how many free international transfers, exchange allowances and features your business needs.

Pros

Exchange 25+ currencies at the interbank rate, within your plan's monthly allowance
Send transfers to 150+ countries, with local AUD account details (BSB and account number) as well as SWIFT/BIC details for receiving funds
Physical and virtual corporate cards you can issue to team members
Built-in expense management, analytics and accounting integrations
Fast online application – Revolut says most applications take around 10 minutes to submit
24/7 customer support and a highly rated mobile app

Cons

Not a bank in Australia, so balances aren't protected by the government's Financial Claims Scheme
No free plan
Free international transfer and exchange allowances are limited on the cheaper plans
Charities, cooperatives and public sector entities aren't eligible

Details

Key details

Product Name	Revolut Business
Monthly account fee	$15
Card access	Mastercard
International ATM Fee	2%
International transaction fee	0%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Apple Pay,Google Pay

Key features

Multi-currency account.

Hold and manage 30+ currencies in one account, with local and international account details so you can be paid like a local in multiple markets.

Currency exchange at the interbank rate.

Convert currencies at the interbank rate (rather than a marked-up retail rate) up to your plan's monthly allowance. Amounts exchanged beyond the allowance attract a fair usage fee.

International and local transfers.

Send money to 150+ destinations. Most plans include a number of no-fee international and local transfers per month, plus unlimited no-fee transfers to other Revolut accounts.

BPAY and bulk payments.

Pay Australian bills via BPAY on every plan, and process bulk/batch payments to multiple payees at once on most plans.

Corporate cards.

Issue physical and virtual cards to employees, with the ability to set spending limits, lock cards to specific merchants, and get real-time notifications.

Expense management and approvals.

Team members can capture receipts and reconcile expenses in-app. With most Revolut Business plans you can set custom spend approvals and account permissions.

Payment acceptance.

Accept customer payments via payment links, QR codes, Revolut Pay, Tap to Pay on iPhone, and a payment gateway/terminal option, with acceptance fees starting from 0.5%.

Analytics and integrations.

Track spend and cash flow through in-app analytics (on Grow plans and above), and connect to Xero and 15+ other accounting, HR and business apps.

A Business API is available from Grow upwards for businesses that want to build custom workflows.

Security.

Revolut Business includes a security control centre, account lock, and Wealth Protection, backed by 24/7 support and fraud monitoring.

How to apply

Eligibility
To open a Revolut Business account, your company generally needs to:

Be fully incorporated and actively trading
Be registered in an eligible country
Not operate as a charity, cooperative, or in the public sector
Not operate in an unsupported industry
Have a legal home address in the UK, the EEA, Switzerland, Australia, Singapore or the US

How to apply

Start the online application. Head to Revolut Business and select "Get started" or "Open an account." Revolut says the form takes around 10 minutes to complete.
Enter your business details. You'll need to provide information about your company (structure, registration details and industry) and yourself as the applicant.
Submit for review. Revolut reviews the application as part of its onboarding process and may contact you or request additional documents to verify your details.
Get approved and set up. Once approved, your account is set up and ready to use – you can then order cards, invite team members and connect integrations.

Go to site More info

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Revolut Business information page
2. Revolut Business TMD

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Richard Finder

Senior Money Editor

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Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

Revolut Business account review

Pros

Cons

Key features

Multi-currency account.

Currency exchange at the interbank rate.

International and local transfers.

BPAY and bulk payments.

Corporate cards.

Expense management and approvals.

Payment acceptance.

Analytics and integrations.

Security.

How to apply

Sources

Sources

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