What are the benefits of a Revolut business bank account?
- Setup is online
- An account can be setup within 1-7 working days
- Integrates with quickbooks and zero
- Process bulk transactions
- Single dashboard
- Discounts available from multiple companies
- Can hold up to 28 currencies
- Lower fees and better exchange rates
- Can be used for payroll
- Mobile App
- Setup multiple employees with monthly spend limits
- Fee structure transparent and simple
What are the costs of a Revolut business bank account?
Using the free version there is no monthly subscription and the following transaction fees apply
- €5 per month for each additional team member
- €0.20 per additional local transfer (5 free)
- €3 per international transfer (0 free)
- Payments from UK & EEA cards 1.3% per transaction
- Payments from other cards 2.8% per transaction
What do I need to open a Revolut business bank account?
If you are a sole trader you will need to provide them with ID and proof of address. If you are a company you will need to provide the same and for each shareholder who has a holding above 25%. You also need to provide the following if you are operating as a company:
- Proof of company’s registered address
- Proof of company’s operating address
- Proof of the nature of your business
- Proof of director structure
- Proof of shareholder structure