Short verdict
Good fit for
Companies and freelancers (zzp) with a Chamber of Commerce (KvK) registration who want an app-based account with payments in multiple currencies.
Less suited to
Anyone who wants to be sure of a Dutch IBAN or wants to complain in Dutch; legal communication is in English.
Key facts
- Basic €10 per month with 10 local transfers
- Bank supervised by the Bank of Lithuania and the ECB
- Data processing agreement is in the business terms
What is Revolut Business?
Revolut Business is the business account from Revolut Bank UAB in Vilnius (Lithuania), a bank supervised by the Bank of Lithuania and the European Central Bank. Dutch customers contract with the Dutch branch in Amsterdam; companies and sole proprietorships with a Chamber of Commerce (KvK) registration can open an account. According to the terms, your money is covered by a deposit guarantee scheme. Which country your IBAN comes from is not stated in the terms and fee schedules. The terms contain a data processing agreement (Data Processing Addendum) and say that Revolut may transfer personal data outside the EU, with appropriate safeguards.
Good: a full bank account at a bank with a European licence, with a Dutch branch. Revolut-to-Revolut transfers are unlimited and free.
Less good: we did not find a free plan in the fee schedules, and Basic has only 10 local transfers per month. The terms apply in English and legal communication, including complaints, is in English.
How much does Revolut Business cost?
Starting price
€10 per month
Basic costs €10 per month, with 10 local transfers per month (then €0.20 each); international transfers cost €5. Grow costs €35 per month or €360 per year. Amounts from the Dutch branch's fee schedules (pdf), because the pricing page is behind a bot check; they do not say whether they exclude VAT.
- No free plan
- No free trial
- The vendor does not say whether this is excl. VAT
Price alert for Revolut Business
According to the Revolut Business site on . The current plans are on the vendor's site. Has the price changed? Let us know.
The Netherlands check
Useful if you run a business in the Netherlands. "Unknown" means we could not verify it.
Support in Dutch: Unknown
You would rather ask a question in Dutch, to someone who knows how things work in the Netherlands.
App in Dutch: Unknown
An app in Dutch is quicker to use and avoids mistakes, also for colleagues who read less English.
Data in the EU: Unknown
Data in the EU falls under the GDPR. Outside the EU, especially in the US, other laws can give access to your data.
More about data in the EU →iDEAL: Unknown
Most Dutch people pay online with iDEAL. If customers cannot pay with iDEAL, they drop out sooner.
More about iDEAL and Wero →Company in the Netherlands: No
A Dutch company falls under Dutch law. For some businesses that matters, for example in a dispute.
Checked on . Something no longer correct? Report an error.
Integrations
We found no integrations on the site of Revolut Business.
Alternatives to Revolut Business
- bunq BusinessFree plan, paid from €0 /month5 of 5 NL checkCompare
- QontoFree plan, paid from €0 /month excl. VAT1 of 5 NL checkCompare
- ABN AMRO Zakelijkfrom €9.90 /month4 of 5 NL checkCompare
- FinomFree plan, paid from €0 /month1 of 5 NL checkCompare
User reviews
No reviews yet. Reviews do not count towards our verdict.
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Frequently asked questions about Revolut Business
How much does Revolut Business cost?
Paid plans for Revolut Business start at €10 per month. Basic costs €10 per month, with 10 local transfers per month (then €0.20 each); international transfers cost €5. Grow costs €35 per month or €360 per year. Amounts from the Dutch branch's fee schedules (pdf), because the pricing page is behind a bot check; they do not say whether they exclude VAT.
Who is Revolut Business for?
Revolut Business is aimed at freelancers and SMEs. Online business account from the Dutch branch of Revolut Bank, with cards and payments in multiple currencies.