Opening a Revolut Business business account

What kind of institution it is

E-money or payment institution. This is not a bank. Your money is safeguarded — held separately from the firm's own funds — rather than covered by the Financial Services Compensation Scheme. Safeguarding is a real protection, but it is a different one and it is slower to pay out if the firm fails.

Before you rely on any of that, look the firm up on the FCA register and read what it is currently authorised to do. Regulatory status moves, and this page is a starting point rather than a live record.

Who it tends to suit

Companies operating in several currencies with international customers or suppliers.

What to expect when you apply

Identity evidence for officers, ownership detail, and questions about payment flows and countries involved.

What to watch

Because its status has moved, do not assume FSCS protection applies. Look the firm up on the FCA register and read what it is currently authorised to do.

Have this ready before you start

• Passport or national identity document for every director and person with significant control
• Proof of residential address dated within the last three months
• The certificate of incorporation and the company number
• A plain description of what the company sells, to whom, and how it is paid
• Expected monthly turnover, and the countries money will come from and go to
• The ownership chain in full where a holding company, trust or overseas shareholder sits above the company

Other providers

• Barclays — A UK-licensed high street bank, suited to companies that want a relationship manager, lending and a branch in the same place.
• HSBC — A UK-licensed bank with a large international network, often the pragmatic choice where a group already banks with HSBC elsewhere.
• Lloyds — A UK-licensed high street bank, generally straightforward for UK-only companies with simple ownership.
• NatWest — A UK-licensed bank that has long targeted startups and small companies, often with an introductory period of free business banking.
• Starling Bank — A UK-licensed digital bank with no branches, so deposits carry FSCS protection while onboarding stays app-based.
• Monzo — A UK-licensed digital bank offering business accounts, with FSCS protection and app-based onboarding.
• Tide — Not a bank: Tide is an e-money provider whose accounts are issued through a partner bank, so money is safeguarded rather than FSCS protected.
• Wise Business — An e-money institution built around multi-currency payments rather than UK banking, with money safeguarded rather than FSCS protected.
• ANNA Money — An e-money provider aimed at very small companies, bundling bookkeeping and tax filing with the account.