Take a look at this detailed review of Revolut Business for users in Singapore
Key takeaways
- Revolut is an international payment provider in Singapore that supports both personal and business customers
- Revolut Business lets businesses hold funds in up to 30 currencies, send payments to 150+ countries, and issue physical and virtual business cards
- Revolut Business integrates with accounting platforms including Xero, QuickBooks and NetSuite to automate bookkeeping and expense management
- WorldFirst is an alternative that offers the World Account, a multi-currency account supporting local receiving accounts in 20+ currencies
Revolut Business offers multi-currency accounts, virtual corporate cards and supports international transfers in Singapore. But, many of its advanced features like metal cards are only available on paid plans, which start from S$15/month. Plus, no-fee international transfers are also not available in the basic plan.
This guide talks about Revolut Singapore, and compares it with WorldFirst’s World Account, a multi-currency account supporting multi-currency balances.
What is Revolut?
Revolut is a global payment provider founded in 2015 that offers digital accounts for individuals and businesses. In Singapore, Revolut Business supports holding and exchanging up to 30 currencies, sending and receiving international payments, and issuing physical and virtual debit cards for employees.
Quick look: Pros and considerations of Revolut
| Pros | Cons |
|
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Revolut fees for businesses
Revolut Business offers four pricing plans in Singapore: Basic, Grow, Scale and Enterprise. Fees, payment allowances and foreign exchange limits vary depending on the selected plan:
| Feature | Revolut Business fees |
| Monthly fee |
|
| Opening a multi-currency account | Zero for the basic plan7 |
| Receiving funds | Not specified |
| Holding funds in multiple currencies | Not specified |
| Sending payments to other Revolut users | Zero and instant7 |
| Sending payments to other accounts |
|
| Currency conversion | 0.6% fee applies above the allowance and a 1% fee applies outside market hours8 |
| Cards | Up to three physical cards + 50 virtual cards per person at no cost8 |
*Fees checked in July 2026
How does Revolut Business work?
Revolut Business lets users send and receive international payments through a multi-currency account in 30+ currencies including AUD, EUR, GBP, USD and more. Payments are first deducted from the available balance in the payment currency. If the balance is insufficient, Revolut automatically converts funds from another currency at the applicable exchange rate.
Revolut Business offers both free and paid plans. The Basic plan starts at S$0/month and includes business banking features like multi-user control, but comes with limited no-cost transfers and currency exchange. Paid plans start from S$15/month, increasing the monthly allowance for no-cost international transfers (from 0 to 5) and FX exchange (from S$1,500 to S$13,000), while adding features such as expense management, purchase orders, approvals and advanced spend controls.
Features of Revolut Business
Multi-currency account
Revolut Business allows businesses to hold balances in up to 30 currencies and exchange in 25+ currencies, including USD, EUR, GBP and CHF, through a single multi-currency account. Revolut doesn’t charge fees for local or international transfers that fall within your plan’s monthly allowance. Once you’ve exceeded that allowance, you’ll pay S$0.20 per local transfer and S$8 per international transfer.
Each business plan includes a monthly allowance for currency exchange at Revolut’s exchange rate, although rates differ outside market hours. If you exceed the monthly allowance, Revolut charges an additional 0.6% fee on currency conversions, on top of any other applicable FX fees or markups.
Transfer allowances also vary by plan: the basic plan includes 5 free local transfers and no free international transfers, while paid plans include 100 free local transfers and 5 free international transfers, with allowances increasing on higher tiers. Transfers beyond your monthly allowance incur a fee of S$0.20 for local transfers and S$8 for international transfers.
Revolut Business card
Revolut offers physical and virtual business debit cards for spending in 150+ currencies. Businesses can set spending controls and approval workflows, with up to three physical and 50 virtual cards available per team member at no extra cost. Metal cards are available on paid plans.
Batch payments
Revolut Business supports batch payments across all plans, enabling businesses to process payroll, supplier payments and other bulk transfers in a single upload.
Integrations
Revolut Business integrates with several platforms like Xero, QuickBooks, NetSuite, and other business tools to automate accounting and workflows.
Is Revolut regulated in Singapore?
Yes, Revolut Business is registered as Revolut Technologies Singapore Pte. Ltd., which is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act.
How to open a Revolut Business account in Singapore
- Sign up: Choose a business plan and create an account.
- Verify: Submit your business details and complete identity verification.
- Access: Start using your account, order business cards, and begin sending, receiving and exchanging currencies.
World Account: A multi-currency account for Singaporean businesses
WorldFirst is a global payments provider offering the World Account, a multi-currency account designed for businesses with ongoing cross-border operations. It enables businesses to send international supplier payments, hold and convert multiple currencies, collect payments from global marketplaces, and control team spending across 20+ currencies.
Opening a World Account costs nothing, with no monthly subscription fees and no fees to receive payments into your local currency accounts. Businesses can open local receiving accounts in 20+ currencies, including USD and CNH (Chinese Yuan) alongside GBP, EUR, AUD and more.
The account also supports collections from 130+ marketplaces and payment gateways, including Amazon, Etsy and Stripe. Plus, the World Account is linked to the World Card, a multi-currency virtual card that lets businesses pay in supported currencies with no FX fees when using available balances in the same currency.
Other features include:
- Send payments in 100+ currencies to 200+ countries and regions
- Issue up to 20 virtual World Cards with no FX fees when paying from available balances held in 15 supported currencies
- Pay Chinese suppliers on 1688.com through World Pay, the authorised international payment provider for 1688.com
- Lock in exchange rates for a specific period with forward contracts for predictable margins
- Use Firm Orders to automatically exchange currencies when your target exchange rate is reached
- Integrate with Xero and NetSuite to simplify accounting and reconciliation
Head-to-head: Revolut Business vs the World Account
| Feature | Revolut Business fees | World Account fees |
| Monthly fee |
|
Zero |
| Opening a multi-currency account | Zero for the basic plan7 | Zero |
| Receiving funds | Not specified | Zero |
| Holding funds in multiple currencies | Not specified | Zero |
| Sending payments to other users in the same network | Zero and instant7 | Zero and instant |
| Sending payments to other accounts |
|
US$1 for local transfers, US$5 for international transfers |
| Currency conversion | 0.6% fee applies above the allowance and a 1% fee applies outside market hours8 | Up to 0.6% |
| Cards | Up to three physical cards + 50 virtual cards per person at no cost8 | Zero for up to 20 cards |
| Payments to 1688.com suppliers via World Pay | Not supported | Up to 0.8% currency conversion fee |
*Fees checked in July 2026
FAQs
Can I use Revolut in Singapore?
Yes. Revolut is available in Singapore for both personal and business customers.
Does Revolut work in Singapore for businesses?
Yes. Revolut Business is available in Singapore and supports international payments, multi-currency accounts and employee cards.
Sources
- https://www.revolut.com/en-SG/
- https://www.revolut.com/en-SG/business/
- https://www.revolut.com/en-SG/about/
- https://www.revolut.com/en-SG/business/multi-currency-accounts/
- https://www.revolut.com/en-SG/business/cards/
- https://www.revolut.com/en-SG/business/integrations/
- https://www.revolut.com/en-SG/business/business-account-plans/
- https://www.revolut.com/en-SG/legal/business-basic-fees/
- https://www.revolut.com/en-SG/business/currency-exchange/
- https://www.revolut.com/en-SG/legal/terms/
- https://help.revolut.com/en-SG/help/more/legal-topics/payment-services-act/how-does-payment-services-act-affect-me/
- https://help.revolut.com/en-SG/business/help/receiving-payments/currency-exchanges/which-currencies-can-i-exchange-and-keep-in-my-account/
- https://help.revolut.com/en-SG/business/help/receiving-payments/transfers-info/why-was-i-charged-a-fee-for-my-transfer/
- https://help.revolut.com/en-SG/business/help/receiving-payments/sending-money-to-an-external-bank-account/transfer-fee/
- https://help.revolut.com/en-SG/business/help/receiving-payments/currency-exchanges/allowance-of-fx-at-interbank-rate/
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
