Revolut Business
App type: Finance
App overview:
• Name: Revolut Business
• Version: 5.49
• Download Size: 193 MB
• Released Date: December 19, 2018
• Developer: Revolut Ltd
• Device Compatibility: For Android Version 7.0 and up.
You get both a mobile app and a web dashboard. The interface is clean and modern: account balances and charts on the home screen, quick access to payments and exchange, and a cards/expenses area for managing team spend. Revolut bundles payments, FX, card issuing (physical + virtual), expense tools, integrations (accounting, payroll), and APIs so you can automate cashflows. The product intentionally mixes banking-style features with developer-friendly tools — think “banking for builders.”
What is Revolut Business and how does it work:
The app from Revolut is more than just a digital business account. Once you’re signed up, you’ll have access to multi-currency wallets, letting you hold and convert money in dozens of currencies — which makes it handy for businesses trading internationally or accepting payments abroad. When you receive income from clients overseas, for example, you can get local account details (like an IBAN or SWIFT/BIC), so it acts like you have a local bank account in multiple jurisdictions. On the other side, payments out — whether to suppliers or payroll for a remote team — can be sent from the same platform.
It’s also built for team management: you can issue physical or virtual cards for your staff, with spending rules and approval workflows, and tie those into your business account so everything is centrally managed. Meanwhile the everyday automation features take care of keeping things tidy — expense capture, receipt uploads, automatic categorisation, and integrations with accounting tools. When you combine these features, the platform starts to function like a full-service financial hub: you bank, pay, issue cards, reconcile, and even automate parts of your cash flow and spending from one dashboard.
Under the hood it works like this: you fill in an application online, submit business documents and verification, then once approved you get access to your account wallets, currency exchange and payments. According to Revolut’s marketing materials, they emphasise both “local” and “global” business needs — whether you’re operating in one market or across many. So from day one you should be able to receive, hold, exchange and pay in multiple currencies, and manage your team’s spend — all without lots of banking branches or paperwork.
Revolut Business app interface and features:
• What stands out day-to-day: Multi-currency wallets and quick FX with visible rates and allowance thresholds.
• Team management: role-based access, card issuing, and spend controls for each employee.
• Expense tools: receipt capture, automatic categorisation, and rules for recurring transactions.
• Integrations & API: sync with accounting tools, payroll, and build custom workflows with the API.
• Payments: local transfers, SWIFT, and mass-pay features for payroll or supplier runs.
• Merchant services: RevPay (checkout and payment acceptance) for businesses that need payments on their site.
The UI is intuitive — the mobile app for quick actions, the web dashboard for batch work and admin. Some power features (bulk payments, API limits) are gated behind paid plans.
Is Revolut Business legit and safe?
Revolut Business is legit and a safe platform designed for business management worldwide.
• Regulatory status: Revolut operates under different legal setups depending on the country. In the EEA it’s authorised as a bank (or bank-equivalent) via its Lithuanian banking authorisation for certain operations; in other places it may operate as an electronic money institution or via partner banks. Revolut is transparent on which countries it’s a bank in and where it’s a payments/tech provider.
• Practical safety: customer funds are segregated where required by regulators (EMI rules), and the platform uses standard protections (KYC, AML, 2FA, tokenised cards). Customer reviews and industry awards show strong adoption, though support experience varies by plan and market.
• Regulatory caveat: Revolut’s pursuit of a full UK banking licence has attracted scrutiny and delays from UK authorities over risk controls; that’s a sign regulators are taking its rapid growth seriously and asking for stronger infrastructure before granting full banking status in some jurisdictions. This matters if you want full deposit protection or UK-specific lending products — check the exact legal status in your country before assuming classic bank protections.
How to get started with Revolut Business:
1. Choose a plan and start an online application (mobile or desktop). The app asks about your business type and ownership.
2. Prepare documents: company incorporation certificate, ID for directors/beneficial owners, proof of business address, and evidence of business activity (website, invoices, contracts). You may need a video selfie for ID checks. Expect a short questionnaire and document upload.
3. Wait for onboarding review — timing depends on jurisdiction and how tidy your documents are. After approval you’ll get local account details (where offered), can order cards, set up users, and link integrations.
4. Upgrade plan later if you need higher FX allowances, more free transfers, expense modules, or priority support.
Plans and pricing (short view):
Revolut Business uses tiered subscription plans (Basic, Grow, Scale, Enterprise) with rising allowances and features; pricing and naming vary by market. The paid tiers unlock extra free transfers, higher FX allowance, team management features, and priority support. Check the pricing page for the up-to-date plan names and regional differences before you commit.
Pros and cons:
Pros:
• Great for international businesses: multi-currency wallets, competitive FX, and local account details in multiple currencies.
• Modern UX and automation: easy card issuing, API, integrations that reduce bookkeeping friction.
• Scalable: good for startups to enterprise (Enterprise plan has custom allowances, bulk tools).
Cons:
• Regulatory complexity: exact protections and product availability differ by country — not “one bank everywhere.” If deposit protection like FSCS is critical for you, check local status first.
• Support and dispute handling: user experiences vary; some lower-tier customers report slower support response compared with premium tiers. Reviewers also point to occasional delays in more complex compliance checks.
• Fees can add up if you frequently exceed plan allowances (FX, transfers, cards, or expense modules), so model your monthly volume against plan limits before picking a tier.
Conclusion:
If your business sends/receives money across borders, issues team cards, or wants a developer-friendly API, Revolut Business is a very strong contender: modern interface, broad multi-currency support, and features built for remote teams and global suppliers. It’s not a perfect replacement for a traditional full-service bank in every jurisdiction, especially if you need guaranteed deposit protection or domestic lending in a specific country — check the legal status in your market. For many SMEs and scale-ups, the time savings and FX advantages outweigh the tradeoffs, but do your homework: compare pricing by region, model your monthly allowances, and prepare the onboarding documents to avoid delays.
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