Revolut Business provides multi-currency IBANs, expense management, and invoicing in one app. Available in the UK, Canada, and Australia — ideal for established freelancers who bill clients directly and want a full business account.
Quick Verdict
Rating: 4.5/5 — ★★★★½
Best for: Freelancers billing clients directly who need a proper business account with invoicing
Not ideal for: Upwork/Fiverr withdrawals, or if you want a completely free account
Get started with Revolut Business →Key Facts
| Category | banking / neobank |
| FX fee | 🟡 0% up to £1k/mo, then 0.6% (free plan) |
| Withdrawal fee | Free |
| Monthly fee | Free (basic) · £9/mo (Grow) · £25/mo (Scale) |
| Payout speed | Instant–same day |
| KYC level | Full (ID + proof of address) |
| Founded | 2015 |
| HQ | GB |
Country Availability
| UK | Canada | Australia |
|---|---|---|
| ✅ | ✅ | ✅ |
Fees Breakdown
| Plan | Monthly fee | FX rate | Best for |
|---|---|---|---|
| Free | £0 | 0% up to £1k/mo, 0.6% above | Low-volume freelancers |
| Grow | £9/mo | 0% unlimited | Most freelancers earning £1k+/mo in foreign currency |
| Scale | £25/mo | 0% unlimited + higher limits | High-volume or teams |
| Other fee | Amount |
|---|---|
| Receiving payments | Free |
| International transfers | Free (within plan) |
| ATM withdrawal | Free up to plan limit |
| Currencies supported | 30+ |
Features
| Feature | |
|---|---|
| Bank transfer | ✅ |
| Card payments | ✅ |
| Crypto | ✅ |
| Virtual card | ✅ (up to 20) |
| Physical Mastercard | ✅ |
| Multi-currency | ✅ |
| Business account | ✅ |
| Invoicing | ✅ |
| Expense management | ✅ |
| Mobile app | ✅ |
| API access | ✅ |
| Xero / QuickBooks | ✅ |
| Upwork integration | ❌ |
| Fiverr integration | ❌ |
Revolut Business for UK Freelancers
For UK freelancers, Revolut Business provides a genuine alternative to a traditional business bank account. You get a UK sort code and account number, a GBP current account, and the ability to hold 30+ currencies — all in one app.
The key question is the plan. On the free plan, you only get 0% FX on the first £1,000/month of conversions. A UK freelancer earning $3,000 USD/month (~£2,400) will exceed that limit and pay 0.6% on the remaining ~£1,400 — adding ~£8.40/month. The Grow plan at £9/month gives unlimited 0% FX, making it nearly identical in cost to Wise (0.41% on £2,400 = ~£9.84/month).
UK freelancer verdict: If you want a full business account with invoicing and expense management, Revolut Business (Grow plan) is an excellent choice and comparable in cost to Wise. If you just need cheap FX conversion, Wise is simpler and slightly cheaper.
Is Revolut Available in Canada?
Yes — Revolut launched in Canada in 2023. Canadian freelancers get:
- Multi-currency accounts including CAD
- Revolut Visa debit card
- Access to all Revolut Business plans
- CAD ↔ USD conversions at interbank rate (within plan FX limits)
What Canadian freelancers save: A Canadian freelancer converting $3,000 USD to CAD pays approximately 2.5% at most Canadian banks ($75/month). Revolut Grow at £9/month (≈CAD$15) with unlimited 0% FX saves $60+/month — around $720/year.
Revolut vs Wise for Canadian freelancers: Wise charges 0.53% on USD→CAD conversion. Revolut Grow charges 0% up to plan limit. At $3,000 USD/month, Wise costs ~$16 vs Revolut Grow at ~$15. They're nearly identical — both dramatically better than your Canadian bank.
Is Revolut Available in Australia?
Yes — Revolut is available in Australia and regulated by ASIC. Australian freelancers get:
- Multi-currency accounts including AUD
- Australian mobile-verified accounts
- Access to Revolut Business plans
- AUD ↔ USD/GBP/EUR at interbank rates (within plan FX limits)
What Australian freelancers save: Australian banks charge 2.5–3.5% on foreign currency conversions. On $3,000 USD/month income, that's AUD$120–150/month in fees. Revolut Grow eliminates FX costs above a nominal plan fee.
Revolut vs Wise for Australian freelancers: Both are excellent. Wise charges 0.48% on USD→AUD. Revolut Business (Grow, ~AUD$17/mo) gives unlimited 0% FX. For income above AUD$3,500/month equivalent, Revolut Grow becomes slightly cheaper. Below that, Wise wins on simplicity (no subscription).
Revolut Business vs Wise: Head-to-Head
| Revolut Business (Grow) | Wise Business | |
|---|---|---|
| Monthly fee | £9/mo | £0 (one-time £45 setup) |
| FX rate | 0% unlimited | 0.41% |
| Multi-currency | ✅ 30+ | ✅ 40+ |
| UK bank details | ✅ | ✅ |
| EU IBAN | ✅ | ✅ |
| USD account details | ✅ | ✅ |
| Invoicing | ✅ Built-in | ✅ Basic |
| Expense management | ✅ | ❌ |
| Virtual cards | Up to 20 | ✅ |
| Upwork integration | ❌ | ❌ |
| Available: UK | ✅ | ✅ |
| Available: Canada | ✅ | ✅ |
| Available: Australia | ✅ | ✅ |
Break-even: At exactly £2,195/month in foreign currency conversion, Revolut Grow (£9/mo, 0% FX) and Wise (0.41% FX) cost the same. Below that, Wise wins; above that, Revolut Grow wins.
Pros
- Three-market coverage: UK, Canada, and Australia all supported
- Free plan available — no commitment required
- 0% FX on Grow plan — best rate available at this price point
- Full business account: invoicing, expense management, team cards
- Up to 20 virtual Mastercards for subscriptions and vendors
- Xero and QuickBooks integration included
- Instant transfers between Revolut users
Cons
- Free plan FX limit (£1,000/month) is too low for most active freelancers
- £9/month Grow plan subscription is required to unlock competitive FX
- E-money institution — funds are safeguarded but not FSCS/CDIC/APRA-protected
- No native Upwork or Fiverr integration (use Payoneer for platform withdrawals)
- Customer support rated below Wise by independent reviewers
Who Should Use Revolut Business
Perfect for: UK, Canadian, and Australian freelancers who want a full digital business account — invoicing, multi-currency, expense cards, and accounting integrations — in one place. The Grow plan is the sweet spot for anyone converting more than ~£1,000/month in foreign currency.
Use Wise instead if: Your only need is cheap currency conversion and you already have a business bank account. Wise is simpler, slightly cheaper at lower volumes, and has no monthly subscription.
Use both if: You receive and convert via Wise (0.41% FX, local bank details in 10+ currencies), and manage business spending via Revolut (team cards, invoicing, expense categories). This is the stack most high-earning freelancers end up with.
How to Get Started
- Visit revolut.com/business and create an account
- Complete identity verification (passport or driving licence + proof of address)
- Choose your plan — start on Free, upgrade to Grow if you convert more than £1,000/month
- Add your Revolut account details to your invoicing template or Upwork/Fiverr as a secondary method
- Connect Xero or QuickBooks in the integrations tab
Frequently Asked Questions
Is Revolut available in Canada? Yes — Revolut launched in Canada in 2023. Canadian freelancers get multi-currency accounts, Visa debit cards, CAD support, and full access to Revolut Business plans.
Is Revolut available in Australia? Yes — Revolut is available in Australia (ASIC-regulated). Australian users can hold, send, and receive in AUD and 30+ other currencies.
What plan should I choose? Start on Free and monitor your FX usage. If you convert more than £1,000 (or CAD$1,700 / AUD$2,000) of foreign currency per month, upgrade to Grow at £9/month — the 0% unlimited FX pays for itself immediately.
Is Revolut Business a real bank account? In the UK, Revolut is an e-money institution (FCA-regulated), not a bank. In Australia it's ASIC-regulated. In Canada it's FINTRAC-regulated. Funds are safeguarded in segregated accounts but not covered by FSCS/CDIC/APRA deposit guarantee schemes.
Can I receive Upwork or Fiverr payments in Revolut? Not directly — Revolut isn't an official Upwork/Fiverr partner. You can add your Revolut GBP IBAN as a bank withdrawal destination in Upwork, but for zero-fee platform withdrawals, use Payoneer as the intermediary, then send USD to Revolut or Wise for conversion.
Is Revolut safe? Yes — Revolut is regulated in every market it operates in and has over 40 million customers globally. Always check current regulatory status for your country at revolut.com.
Compare alternatives: Wise Business Review · Wise vs Revolut: Full Comparison · Best Payment Setup for UK Freelancers
This review was last updated April 2026. Fees and plans may change — always verify on Revolut's website.
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