Meet the all-in-one small business account

If you're operating as a sole trader, you aren't required to have a business account, but it's a good idea to open one. Partnerships, limited companies, and trusts must have a separate business account for tax purposes.

Even if you don't legally need one, business accounts have notable benefits — they'll make it easier for you to:

• track and control your business expenses and income
• separate your business finances from your personal finances
• find information for your accountant or meet your tax and reporting obligations
• prepare financial documents, activity statements, and tax returns

Opening a Revolut Business account is simple:

1. Fill out a short online form — it only takes about 10 minutes
2. We’ll review your Business account application
3. If you’re approved, we'll set up your account and you’ll be ready to go

Learn more about the documents you may need to provide.

We offer businesses the ability to receive payments via both domestic and international transfers in a range of currencies. We're working hard to bring you online and in-person payment acceptance tools soon.

With Revolut Business, you can give your team spending power while staying in complete control:

• Invite unlimited team members
• Issue physical and virtual debit cards
• Set permissions and approval processes for expenses
• Precisely track expenses and minimise overspending
• Unlock detailed analytics on your cashflow

To open a Revolut Business account, you'll need to meet the following requirements:

• Your company must be fully incorporated and active
• Your company must be registered in an eligible country
• Your company's legal form shouldn't be a charity, operate in the public sector, act as a cooperative. All legal forms will be listed for your jurisdiction during signup — if you don't find your legal form listed, unfortunately we can't support your company at the moment
• Your company doesn’t operate in unsupported industries
• Your current legal home address should be in Australia, the US or UK, Switzerland, or the EEA

Revolut Business offers 4 plans in Australia:

• Basic — starts at $10 per month. It includes all the essential features your small business needs. You can receive or hold 25+ currencies, exchange money at the interbank rate, add unlimited team members, and issue virtual or physical cards
• Grow — starts at $21 per month, paid annually. It includes all the Basic plan features, as well as analytics, bulk payments, spend controls and approvals, API access to your account, and more

• Scale — starts at $79 per month, paid annually. It includes all the Grow plan features, as well as increased plan allowances for transfers, currency exchange, and Metal cards
• Enterprise — designed for businesses with higher volumes. It includes all the Scale plan features, as well as increased plan allowances for transfers, currency exchange, and Metal cards. Contact us if you're considering a custom plan

Find out more about our range of Business plans.

There is no official definition of a 'small business'. The Corporations Act defines a ‘small proprietary company' as a business that satisfies at least 2 of the following:

• The consolidated gross operating revenue of the company and the entities it controls (if any) is less than $10 million for the financial year
• The value of the consolidated gross assets of the company and the entities it controls (if any) is less than $5 million at the end of the financial year
• the company and the entities it controls (if any) have fewer than 50 employees at the end of the financial year

You can open a Revolut Business account in about 10 minutes — just fill out a short form. Then we’ll review your Business account application before starting the set-up process.

The set-up process can be quick and we aim to open accounts within 24 hours, but the exact timeframe will depend on the complexity of your company and the documents you upload.