Revolut unveils free business accounts
Revolut for Business has launched two business account plans with zero subscription fees, reports Jane Connolly. 
With the aim of supporting start-ups and freelancers who want flexibility from their banking, the accounts have been designed to meet the cross-border trade needs of businesses as they grow.
Revolut has also made changes to the pricing structure of its plans, offering businesses the opportunity to tailor their plan to meet their changing needs by upgrading or downgrading at any time.
The challenger’s features include the ability to: create instant multi-currency accounts; issue physical and virtual corporate cards; make and receive transfers in 28 currencies; integrate with apps such as Slack and Xero; create bulk, scheduled and other complex payments; automate payments through an API and more.
“We understand first-hand how frustrating it can be for ambitious entrepreneurial businesses to get the support they need to kick off their journey to success,” says James Gibson, product owner at Revolut for Business. “Using our own experience, we’ve developed a brand new free offering which will save our customers time, money and give them the flexibility and control they need to operate both locally and globally.”
Since its launch two years ago, Revolut for Business has signed up over 100,000 businesses in Great Britain and Europe.
It’s really a terrible organization. They have locked my business’ account with significant funds for security reasons and are refusing to provide an answer.
I have not had access to my funds for 2 weeks now and can’t pay myself, my employees or my invoices.
The only way to contact them via is chat where they use scripted answers and offer no support and ignore GDPR requests.
We have all of our funds in there with our account suspended even though we have provided all forms of ID.
We have been operating for 3 years and were previously with another small web only bank but decided to give Revolut a go.
I strongly advise people to research the complaints against them and seek other options before banking with them.
Me too, they shut me down for two months, with 100k GBP of balance. Only just got them to defrost my account a couple of days ago, unbelievable. Never answered my calls and left me down big time on the fx hit.
They wouldn’t even call my lawyers.