There are two Revolut Business accounts for freelancers: ‘Free’ for zero monthly costs and ‘Professional’ for £7 per month. The latter has fewer limitations and more features:
Free: 5 free local payments, £3 per in/out SWIFT transfer, 1 free team member, 0.4% markup fee on exchange rate of all currency conversions, other basic features like cash withdrawals for a 2% fee
Professional: 20 free local payments, 5 free international payments, no markup fee on exchange rate of currency conversions on up to £5k/month, 5 free team members with permission settings, subscription management, expense management, 24/7 customer support, bulk payments, payment approval workflows, plus all basic features
On both plans, you can request up to two physical Prepaid Mastercards on top of 20 virtual cards a month, and you can integrate the Business account with the accounting software FreeAgent, QuickBooks or Xero. Travellers can use the Mastercard for transactions in 150 different currencies without fees.
You cannot deposit cash into the Revolut account. The only way to top up the balance is by credit card, bank transfer or PayPal.
Choose Revolut Business if: You travel for work and receive or send international transfers regularly.
Learn more in our Revolut Business review