Revolut Business Account Review (2026): Features and fees
Vanessa Yip
Business Finance Writer
Key takeaways
Revolut offers a business bank account that can hold 30+ currencies as well as interest-bearing business savings accounts. Monthly plans start at A$15 and limited fee-free exchanges at the interbank rate included, after which a margin of 0.6% applies (plus a 1% out of market hours margin).
On 21 July 2026, APRA granted Revolut Payments Australia a full Authorised Deposit-taking Institution (ADI) licence allowing it to offer deposit accounts, savings products, and credit cards.
For growing Australian businesses, Airwallex provides local bank account details in 20+ currencies, no weekend FX surcharges, free transfers to 120+ countries via local payment networks, and multi-entity management without strict subscription caps.
Considering a business account with Revolut? This review will take you through the key features, fees and rates that come with a business bank account with Revolut Business to help you decide if it's right for your company.
How does Revolut Business work?
Revolut Business is a global fintech platform offering multi-currency accounts, corporate cards, FX transfers, and payment acceptance for Australian sole traders, SMEs, and e-commerce companies. Since 21 July 2026, it has operated in Australia as a licensed bank, Revolut Bank Australia, after APRA granted Revolut Payments Australia an Authorised Deposit-taking Institution (ADI) licence.
Revolut launched in 2015 as a consumer finance app before expanding into commercial services. It now combines business transaction accounts, corporate debit cards, FX transfers, online and physical payment acceptance, cryptocurrency trading, and basic expense management tools within a single dashboard.
Pros and Cons
Pros
ADI banking status: Revolut is a licenced bank in Australia. This means your deposits are protected up to A$250,000.
Wide currency support: Businesses can hold and exchange 30+ currencies using interbank FX rates during market hours.
Payment acceptance choices: Options for online and in-person payment processing, including checkout links, payment gateways, and POS hardware.
Cons
Account tier limits: Monthly allowances on lower plans cap fee-free FX and international transfers.
Limited local account details: Local bank account details are available in only two currencies (AUD and EUR).
Basic expense management: Lacks advanced features such as automated subscription tracking, AI receipt extraction, and HRIS platform integrations.
Weekend FX fees: Currency conversions executed between Friday 5.00pm and Sunday 6.00pm US Eastern time incur a mandatory 1.0% surcharge.
Features review: How Revolut Business stacks up
To see how Revolut Business performs, we reviewed its main features and how they stacked up for the day-to-day operations of Australian SMEs and startups.
Global reach and currency capability
Revolut lets businesses hold, manage, and exchange 30+ currencies in one account using interbank FX rates during market hours. Fee-free exchange limits depend on your monthly subscription plan — once you exceed your allowance, Revolut charges a 0.6% fee on weekday currency exchanges. All conversions made between Friday 5.00pm and Sunday 6.00pm US Eastern time carry an additional 1.0% out-of-hours markup.
Corporate cards
Revolut issues physical Metal cards, virtual cards, and single-use disposable cards to help manage business spend and reduce fraud risk. Account administrators can issue cards to team members, set dynamic spend limits, restrict merchant categories, and track payments in real time. Cards draw directly from matching foreign currency balances to avoid exchange fees while travelling or paying international suppliers.
Expense management
Employees can capture receipts using the mobile app and attach them directly to transactions. Revolut includes a direct bank feed integration with Xero that updates every four to six hours. While suitable for smaller teams, the native expense tool lacks multi-level approval workflows, AI receipt extraction, recurring subscription management, and HRIS integrations.
Accept customer payments online and in-store
Businesses can collect online payments using payment links, QR codes, checkout widgets, and Tap to Pay on iPhone. For physical retail, the Revolut Terminal costs AU$330 + GST upfront with no monthly software fee. Processing fees start from 1.4% + A$0.05 in-person for domestic cards and 1.6% + A$0.20 online.
Savings accounts
Revolut offers "Instant Access Savings" accounts where your interest rates scale with your subscription tier: Basic (2.00% p.a.), Grow (3.00% p.a.), Scale (4.00% p.a.), and Enterprise (4.25% p.a.).
Crypto and rewards
Revolut Business includes in-app access to cryptocurrency trading, letting companies buy, hold, and sell major digital assets, with trading fees that fall as you move up plan tiers. The platform also offers partner discounts on enterprise software and travel, along with occasional cashback on eligible card spend.
Revolut Business pricing and fees
Revolut uses a tiered monthly subscription model:
Account tier | Monthly fee | Savings yield (p.a.) | Allowances |
|---|---|---|---|
Basic | AU$15/month | 2.00% | Exchange up to A$2,000 at interbank for no fee; 1,000 no-fee local transfers; 0 no-fee international transfers |
Grow | AU$30/month | 3.00% | Exchange up to A$25,000 at interbank for no fee; 2,000 no-fee local transfers; 5 no-fee international transfers |
Scale | AU$150/month | 4.00% | Exchange up to A$100,000 at interbank for no fee; 5,000 no-fee local transfers; 25 no-fee international transfers |
Enterprise | From AU$1,250/month | 4.25% | Exchange up to A$400,000 at interbank for no fee; 10,000 no-fee local transfers; custom international allowance |
Additional usage fees apply once you exceed these allowances:
Excess weekday FX: 0.6% fee once your monthly exchange allowance is used.
Weekend FX surcharge: 1.0% fee on conversions made between Friday 5.00pm and Sunday 6.00pm US Eastern time.
International transfers: A$10 per transfer once your monthly allowance is exceeded.
ATM withdrawals: Flat 2.0% fee on cash withdrawals across all plans.
POS hardware: A$330 + GST one-time cost for the Revolut Terminal.
Revolut Business user reviews
At the time of publishing, Revolut Business holds a 4.0 out of 5 rating on Capterra Australia (81 reviews) and 4.7 out of 5 on Trustpilot.
Positive reviews point to the fast setup process, user-friendly mobile app, competitive weekday FX rates, and real-time spending alerts.
Negative reviews cite account holds during compliance reviews, additional charges after hitting monthly plan caps, the 1.0% weekend FX fee, and the limited availability of local foreign bank account details.
Who is Revolut not right for?
Revolut Business isn't the right fit for every operating model. It's less ideal for:
Businesses collecting funds like a local across multiple countries: Revolut offers local banking details in only two currencies (AUD and EUR), whereas Airwallex lets you open local foreign currency accounts in 20+ currencies.
Companies operating on weekends: The 1.0% weekend FX fee adds costs for eCommerce stores or businesses making weekend transfers.
Growing mid-market businesses: Companies needing multi-entity management, HRIS integrations, automated billing, or multi-level approval controls may find Revolut's feature set limited.
High-volume businesses on lower plans: Exceeding plan caps triggers AU$10 per-transfer fees and 0.6% weekday FX markups.
How Revolut compares to Airwallex
Feature | Revolut Business | Airwallex |
|---|---|---|
Monthly fee | From A$15 | From A$0 (with A$5k monthly deposit or A$10k balance; otherwise A$29/month) |
FX fee | Interbank rates within limits; 0.6% excess weekday FX; 1.0% weekend markup | 0.5% margin for major currencies; 1.0% for other currencies; no weekend surcharges |
Multi-currency capability | 30+ currencies | 70+ countries |
Local banking details | Available in 2 currencies (GBP, EUR) | Available in 20+ currencies |
Global payout coverage | 150+ countries/regions | 200+ countries |
Domestic fees and limits | Tier allowances apply | Unlimited free local transfers |
International transfer fees | Tier allowances apply; AU$10 per transfer after limit | Free transfers to 120+ countries via local payment networks |
Savings or yield | Savings account (2.00%–4.25% p.a.) | Airwallex Yield returns on AUD and USD balances |
Why businesses choose Airwallex over Revolut
While Revolut offers ADI deposit insurance, many growing Australian companies choose Airwallex for its broader international reach and more predictable pricing.
Lower-cost international payments at scale
We use local payment networks to offer free transfers to over 120 countries. Revolut caps fee-free transfers by plan tier — once those allowances are used, an A$10 fee applies to each international transfer.
Broader global infrastructure
We offer local foreign currency details in 20+ currencies across 70+ countries, and payouts to 200+ countries in total. Revolut provides local banking account details in two currencies and payouts to 150+ countries and regions.
More predictable FX pricing
We charge a flat 0.5% FX margin on major currencies and 1.0% on other currencies, with no weekend markups. Revolut charges 0.6% once you exceed plan limits and adds a 1.0% surcharge on weekend conversions.
Local foreign currency details
We provide local foreign currency account details for 20+ currencies, so international clients can pay you via local domestic transfers. Revolut limits local bank details to two currencies, meaning clients in other regions must use international SWIFT transfers.
Global expansion and enterprise
We offer multi-entity management from a single dashboard, billing and subscription tools, HRIS integrations, rules-based automations, and multi-currency reporting. Revolut supports accounts for multiple entities but doesn't offer these higher-level administrative features.
Frequently asked questions about Revolut Business
Is Revolut a bank in Australia?
Yes. On 21 July 2026, APRA granted Revolut Payments Australia an Authorised Deposit-taking Institution (ADI) licence, operating as Revolut Bank Australia.
Are deposits in Revolut Business protected by the Australian Government?
Yes. AUD deposits held in Revolut Bank Australia are covered up to AU$250,000 per eligible account holder under the Financial Claims Scheme (FCS).
Does Revolut Business charge fees on foreign exchange over the weekend?
Yes. Revolut applies a 1.0% surcharge on currency conversions made between Friday 5.00pm and Sunday 6.00pm US Eastern time.
How many currencies offer local bank account details on Revolut Business?
Revolut Business provides local bank account details in two currencies: AUD and EUR.
How frequently does Revolut sync transaction data with Xero?
The direct Xero feed syncs transaction data automatically every four to six hours.
What is the cost of the physical Revolut Terminal POS device?
The Revolut Terminal costs AU$330 + GST upfront, with no ongoing monthly software subscription fee.
Sources
apra.gov.au/news-and-publications/apra-grants-adi-licence-revolut
revolut.com/en-AU/business/business-account-plans/
https://www.revolut.com/en-AU/business/accept-payments-pricing/
capterra.com.au/software/1005074/revolut-for-business
au.trustpilot.com/review/www.revolut.com
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Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].
This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Pty Ltd (ACN 609 653 312, AFSL No. 487221), it is important for you to read the Product Disclosure Statement (PDS) for the Direct Services, available here. If you are a customer of Airwallex Capital Pty Ltd (ACN 661 618 819, AFSL No. 549026), it is important for you to read the PDS for Airwallex Yield, available at /en-au/terms and issued by K2 Asset Management Ltd (ABN 95 085 445 094, AFSL No. 244 393), a wholly-owned subsidiary of K2 Asset Management Holdings Ltd. All investments carry risk.
Vanessa Yip
Business Finance Writer
Vanessa is a business finance writer for Airwallex. With experience working at leading B2B technology companies, Vanessa is passionate about helping Aussie businesses, large and small, grow through cutting-edge tech. In her day-to-day, she breaks down complex tech jargon to help businesses streamline their end-to-end financial operations.
