There’s nothing ‘traditional’ about your business. The web is your marketplace. Your clients and customers are all over the world. You’re battling your way to inbox zero with your smartphone in hand. You need a home for your business finances as agile and adaptable as you are – which is why you’ve decided to switch to Revolut Business.
We’re not your average, traditional business account, because we aren’t a traditional finance provider. We understand the challenges conventional banks pose to businesses, and that’s why customer experience is at the core of what we do.
Naturally, getting started with us is simple. This handy guide will help walk you through your first steps.
Open(ing) for business
To open your account with Revolut Business, you’ll need to fill in a short online application form. This means giving us a few standard personal details, like your full name, address and date of birth.
You’ll then be asked to give us a bit of information about your business. If you’re opening a corporate account we’ll need basic incorporation details – including your company’s registered name, incorporation number and trading name. If we can't find your company through these means, we may ask you to submit the most up-to-date incorporation certificate or registry extract.
We’ll also ask you for some documentation to prove your identity, as well as a description of what your company does and where. Once you’ve filled in these details, the application is sent to our team to be checked. Most of the time you can just sit back and relax, though sometimes we might reach out to you to confirm a few specifics.Open a business account today
How do I move to Revolut?
Moving to Revolut Business is easy – no vans, boxes, or heavy lifting required! It’s as simple as opening a Revolut Business account and transferring money into it.
What if I’m already a Revolut customer?
Great news – if you already have a personal account with Revolut, you'll be able to skip one step when you open a Revolut Business account. And you can use ‘instant transfer’ from your personal card to top up your business account for free.
If you’re starting with a paid plan, your monthly account fee is deducted from your business account balance. Learn more about starting for free and scaling as you grow here.
What do I need to verify my identity?
You need to provide us with the same verification information whether you’re opening a corporate or a freelancer account. We ask for your name, address, a photo of your ID and a selfie. If you’re not a director or shareholder of the applying business, we’ll also need proof of authorisation to open an account, confirming your right to set up an account in the business’ name.
Can I have multiple Revolut Business accounts?
We know businesses like yours may need more than one account – so say hello to our multi-business accounts. This means you can easily manage multiple Revolut Business accounts in one place, accessing all of them in a few clicks or taps in one app. That's your money management made a whole lot easier! Phew.
How long does it take to get approved?
Before you start your application, it’s a good idea to check if your business is eligible for a Revolut Business account. If it is, it can take just a few hours to get your business account approved – though it could take longer if we need to follow up with you and request any additional documents, which you may or may not have at hand.
Once we’ve opened your business account, you should receive currency accounts in GBP, EUR, and USD with unique account details, and you’ll also be able to create accounts in over 25 currencies to hold, exchange and transfer your money via SWIFT or SEPA using unique multi-currency IBAN and BIC/SWIFT codes.
We know running a business in the digital age is both demanding and rewarding, and that’s why we want to help you streamline your routine financial admin. Life’s too short to sweat over a spreadsheet. With Revolut Business, you’ll have more time to plot your next steps – so you can continue to grow and scale knowing you’re in total control of your finances.
I’m set up – what should I do first?
Once your account’s set up (and you’ve popped some bubbly), there are a couple of things you’ll want to do:
- Invite your team to join, and make sure they have spending power with virtual and physical debit cards
- Set in-app permissions so your team only accesses the parts of the app they need – and only spend in specific amounts and categories
- Create any currency sub-accounts you need (you can make as many as you like in 25+ currencies)
What will your success story be?
With your account set up and our suite of tools navigated, you’ll be ready to really get moving.
Like UK-based sustainable personal hygiene brand Wild, who grew over 400% in revenue in 2020-21 (with a finance department of one!). With Revolut Business at their side, they now confidently make fast-paced market entry decisions.
And EdTech ThePower Business School, who said Revolut Business was ‘the only solution that helped us with going global’ – now they’ve broken into over 50 markets and their revenue’s almost 10x greater than when they started in 2020.
So, let’s help write your success story. Get started below and open an account today.
Open a business account today