6 Revolut alternatives for business banking [2025]
Last update:
Revolut built its reputation on a bold vision: one account to manage every currency, streamline payments and make international trade effortless. For entrepreneurs and global businesses, it looked like the future of finance.
Yet Revolut’s strengths come with trade-offs. Transaction fees can affect margins, higher-volume accounts face certain limits, regional coverage is still expanding and customer support sometimes struggles to keep pace with demand. For businesses growing across borders, these challenges may create friction that slows momentum.
That’s why it pays to explore the best Revolut alternatives: providers that expand on the vision of borderless banking while offering the reliability, flexibility and support that ambitious businesses demand.
Where Revolut Business falls short
Revolut Business attracts many companies with its modern interface, quick setup and multi-currency flexibility.
However, reviews from real users highlight recurring issues that become especially problematic for businesses trying to scale or maintain steady cash flow. These include:
1. Account freezes and fund access issues
A common frustration raised on platforms like SoftwareAdvice is sudden account holds. Users report that Revolut sometimes freezes balances without warning or a detailed explanation, making it difficult to access working capital when it’s needed most. For businesses dependent on predictable cash flow, this kind of disruption can be damaging.
2. Slow and inconsistent customer support
Reddit users frequently share stories of frustrating support journeys with Revolut Business. Business account users report that they often have to interact with multiple agents, each with varying levels of knowledge, to resolve what appear to be basic issues.
3. Unclear onboarding and account eligibility
Capterra reviewers say Revolut Business often asks for repeated documents during onboarding, then rejects applications without giving clear reasons. For small businesses, this results in wasted time and confusion, particularly when they believe they have met all the stated requirements.
What to look for in a Revolut Business alternative
If Revolut Business isn’t meeting your needs, the right alternative can give you the same borderless flexibility without the hidden costs or operational headaches. The key is to weigh today’s requirements against what you’ll need as your company grows.
Here are the factors worth considering:
- Currency coverage and account access: Look for providers that offer local account details (IBANs or routing numbers) in the markets where you operate. Receiving and holding funds directly in USD, EUR, GBP and other currencies eliminates unnecessary foreign exchange conversions
- Transparent pricing and FX rates: Compare not just transaction fees but also the exchange rate margins. Some alternatives publish their rates openly and align with the mid-market benchmark, so you know exactly what you’re paying
- Transfer speed and reliability: Faster payments often come from providers that use local clearing systems instead of relying solely on SWIFT
- Team and multi-user controls: As your business scales, you’ll need tools for delegating access, setting spending limits and managing approvals. Providers who integrate these features into their platform save you time and reduce risk
- Marketplace and platform integrations: If you rely on ecosystems like Amazon and Shopify or accounting tools such as Xero, ensure your provider integrates them to avoid manual reconciliation time
- Extra business services: Some alternatives offer features like working capital, batch payments, invoicing or expense cards. These can be powerful add-ons that simplify operations
- Support and compliance: Choose a provider with responsive customer support and a reputation for clear, timely compliance checks
The top 6 Revolut alternatives in 2025
With these considerations in mind, we’ve created a side-by-side table of the leading Revolut alternatives so you can quickly see which one matches your needs:
| Provider | Local Accounts | Currencies | FX Fees | Standout Features | Pricing |
|---|---|---|---|---|---|
WorldFirst |
20+ | 20+ | Up to 0.5% for major currencies | Collect from 130+ marketplaces, forward contracts (2 years), World Card (0% FX fees in 15 currencies + cashback) | Free setup/monthly; domestic from £0.30; regional cross-currency fees; free to receive and hold balances |
| HSBC | Yes (Business Currency Accounts & Global Wallet) | 90+ (Global Wallet holds 10) | 2.75% FX on cards + 1.5% ATM; £17 SWIFT; £0.24 SEPA; hidden markups | HSBCnet platform, corporate APIs, Relationship Manager, in-country accounts (e.g. HK, UAE, Canada) | Monthly £96–£180+; transfer fees £17 SWIFT/£0.24 SEPA; card FX 2.75% + 1.5% ATM |
Wise |
22+ | 40+ | Mid-market + ~0.4% | Batch pay, debit card, Xero/QuickBooks; local rails vs SWIFT | One-time setup (£45 UK); no monthly fee; small fee on USD wires |
Airwallex |
20+ | 20+ | +0.5% majors, ~1% others | Unlimited cards, approval flows, API integrations | Free setup; no monthly on Explorer; local free; SWIFT US$15–US$25 |
Payoneer |
9 | 9 | Up to 3.5% | Marketplace integrations (Amazon, Upwork, Airbnb); Mastercard (US$29.95 first card) | 0.5% conversions; bank withdrawals ~US$/€/£1.50 <50k, then 0.5%; card free in same currency |
Monzo |
GBP only | GBP | 1% incoming EUR (cap £1,000); outgoing varies | UK account with IBAN; debit card no FX fee; Team plan adds roles and approvals | Lite free; Pro £9/m; Team £25/m |
All details are up to date as of September 2025. Because costs and features depend on your location, be sure to confirm the latest information on the provider’s regional pricing page.
1. WorldFirst
WorldFirst is a business-first payments provider built for companies trading internationally. Unlike Revolut Business, which can feel restrictive for high-volume traders, WorldFirst offers unlimited team access and dedicated account managers at no extra cost.
It’s especially appealing to e-commerce sellers and exporters thanks to its marketplace integrations, competitive FX margins and risk management tools like forward contracts.
Key features:
- Local currency accounts: Open local bank details in more than 20 currencies such as USD, EUR, GBP, AUD, JPY, CNH and SGD. There are no setup or maintenance fees and receiving payments in supported currencies is free
- Marketplace and payment integrations: Connect directly to over 130 global marketplaces, including Amazon and AliExpress, along with payment providers like Stripe and PayPal
- FX management and hedging tools: Exchange rates on major currencies typically carry a mark-up of up to 0.5%. Businesses can also use forward contracts to secure exchange rates for up to two years, reducing exposure to volatility
- Bulk payments and supplier transfers: Send money to as many as 200 recipients at once, making payroll or supplier settlements more efficient
- World Card for business expenses: Spend in 15 supported currencies with no FX fees when using the matching balance and access cashback rewards on eligible purchases
Pricing:
- Account setup and monthly fees: Free
- Receiving funds: Free for supported local currencies, including USD, EUR, GBP, AUD, CNH, SGD and JPY
- Currency conversion: Markups capped at 0.5% for major currencies. For Chinese yuan (CNH) supplier payments on platforms like 1688.com or TaoWorld, the rate is 0.8%
- Transfers: Domestic transfers start from £0.30. Cross-currency transfer fees vary by currency and region
- Holding balances: Businesses can maintain balances in 20+ currencies at no cost
2. HSBC
HSBC has long been the go-to bank for companies seeking global coverage and comprehensive corporate banking services.
Its Business Currency Account and Global Wallet let you access nearly any primary currency, while HSBCnet provides a sophisticated platform for managing payments, liquidity and trade finance across regions.
Key features:
- Currencies: Business Currency Accounts support over 90 currencies, including USD, EUR, GBP, KRW, ZAR, and RUB
- FX and payments: Card spending abroad incurs a 2.75% foreign exchange fee, plus 1.5% for cash withdrawals at ATMs. International transfers cost £17 per SWIFT payment or £0.24 for SEPA; conversions include additional hidden markups rather than mid-market rates
- User access: Corporate-level access with multiple signatories, powered by HSBCnet. Advanced tools for treasury, trade finance and APIs for enterprise clients. Options to open in-country accounts (e.g., Canada, Hong Kong, UAE) for local presence
- Cards: Business debit and credit cards available. Standard cards charge 2.75% on foreign usage; premium commercial cards may reduce this surcharge, but overall costs remain higher than fintech alternatives
- Integrations: Few off-the-shelf integrations. HSBCnet offers sophisticated APIs for large organisations, but no plug-and-play ecosystem
Pricing:
- Monthly/account fees: Flat monthly fees starting from about £96, scaling up to £180+ depending on business profile
- International payments: £17 per SWIFT transfer; £0.24 per SEPA transfer
- Card usage abroad: 2.75% FX fee, plus 1.5% withdrawal fee at ATMs
3. Wise
Wise has built its reputation on transparent pricing and real exchange rates. For businesses, the appeal is clear: clients can pay you using local account details in multiple countries, you can hold dozens of currencies in one place and transfers go out via local rails rather than expensive SWIFT wires.
Instead of monthly subscriptions or bundled “free” transfers, Wise charges a one-time activation fee in some regions and then applies small, visible conversion fees on each transaction, usually a fraction of what banks or PayPal charge.
Key features:
- Local receiving accounts: Access local bank details in 22+ currencies (USD, GBP, EUR, AUD, NZD, CAD, SGD, HUF, RON) with IBANs, routing numbers or sort codes
- Multi-currency balances: Hold and manage funds in 40+ currencies at the same time
- Transparent FX fees: Conversions use the mid-market rate with fees starting at about 0.41%, averaging 0.4–0.5% for major pairs
- Business tools: Batch payments, expense cards and integrations with accounting platforms like Xero and QuickBooks
Pricing:
- Setup fee: One-time activation fee of £45 to unlock local details
- Monthly/account fees: None
- Currency conversion: Mid-market rate + ~0.4% fee on average (varies by currency pair)
- Receiving payments: Free for supported local currencies; small fee for incoming USD wires (~US$6)
- Transfers: Local transfers are often free; international transfers carry a small corridor-specific fee
4. Airwallex
Airwallex has positioned itself as a cross-border finance platform for digital-first businesses and scale-ups.
Where Revolut Business targets SMEs, Airwallex leans more toward larger businesses needing enterprise-grade controls, integrations and unlimited corporate cards with spend management built in.
Key features:
- Local receiving accounts: Open local account details in 20+ currencies, including USD, GBP, EUR, AUD, HKD, SGD and CAD
- Multi-currency wallet: Hold balances across 20+ currencies and convert at interbank rates with ~0.5% mark-up on major pairs and ~1% on others
- Transfers: Send payments locally to 120+ countries free of charge; SWIFT payments to 200+ countries are low-cost (US$15–US$25 flat fee)
- Business tools: Advanced approval workflows, accounting integrations (Xero, NetSuite) and open APIs for custom finance set-ups.
Pricing:
- Setup fee: Free
- Monthly/account fees: None on the basic “Explorer” plan; advanced plans available for enterprises
- Currency conversion: Interbank rate +0.5% for majors, ~1% for others
- Transfers: Local transfers are free; SWIFT payments US$15–US$25
- Cards: Free to issue; no FX fee when spending from existing currency balances
5. Payoneer
Payoneer is a long-established platform for cross-border receivables and payments.
It enables businesses in many countries to obtain local receiving accounts in major currencies, such as USD, EUR and GBP, allowing clients or marketplaces to make payments as if they were transferring funds through a local bank.
Payoneer also supports converting between your currency balances (typically with low, transparent fees), making it useful for businesses that collect in multiple currencies but don’t want multiple bank accounts.
Key features:
- Local receiving accounts: You can get local account details for several currencies (USD, EUR, GBP, etc.) and use them to receive funds like a local bank in those regions
- Multi-currency balances and conversion: You can hold balances in different currencies and convert between them. Payoneer charges about 0.5% for many currency conversions between your own balances
- Receiving funds: You receive payments in your local currency for free (for example, EUR in the EU or GBP in the UK) when the payment comes in that same currency
- Business card: Payoneer issues a Mastercard business card. The first card has an annual fee (US$29.95). Additional cards are free. For transactions in the same currency as your card, there’s no card conversion fee
Pricing:
- Currency conversion: A fee of ~0.5% is applied when converting between balances
- Withdrawals (to bank accounts): If you withdraw to a bank account in the same currency as your Payoneer balance and in your country, there’s a small fixed fee (e.g., ~US$1.50, €1.50 or £1.50) for amounts under a monthly threshold (~US$50,000/GBP/EUR). Above that threshold, the fee becomes 0.5% of the amount
- Card usage: Transactions in the same currency as your card are fee-free (in supported countries). Conversions (spending in a currency you don’t hold, or cross-border transactions) incur higher fees
6. Monzo
Monzo Business is a mobile-first current account tailored for UK freelancers and SMEs.
Unlike Revolut Business, which provides multi-currency wallets, Monzo supports only GBP balances but offers clean accounting integrations, straightforward pricing and strong multi-user features on its higher plans.
It’s best suited to businesses operating mainly in the UK that want easy expense management, invoicing and app-based banking.
Key features:
- Local GBP account: A UK current account with a sort code and IBAN. You can’t hold balances in foreign currencies
- International payments: Receiving payments in foreign currencies, such as euros, is charged at 1% (capped at £1,000)
- Business debit card: Mastercard debit card (physical and virtual). Foreign currency card payments use the Mastercard rate with no additional Monzo fee. ATM withdrawals abroad are free up to £200/month, then 3% applies outside the EEA
- Multi-user access: The Team plan provides expense cards for staff, role-based permissions and approval workflows. Expense tools include receipt uploads and automatic categorisation of spending
Pricing:
- Lite: Free. Includes debit card, UK transfers and core account functions (cash deposits cost £1 each)
- Pro: £9/month. Adds invoicing, advanced integrations and analytics
- Team: £25/month. Includes multiple user roles, employee expense cards and approval flows
Why WorldFirst is the best Revolut alternative in 2025
Among all the alternatives to Revolut Business, WorldFirst stands out as the most complete option for companies trading across borders. It combines scale, transparency and customer-focused tools in a way that few providers can match.
What makes WorldFirst the clear winner:
- Global reach that feels local: Open receiving accounts in 20+ currencies and get paid like a local in the world’s biggest markets
- No hidden charges: No setup or monthly maintenance fees, with clear FX margins and free local transfers in major currencies
- Growth tools built in: Marketplace integrations with Amazon, TikTok Shop, AliExpress and more, plus forward contracts to hedge FX risk
- Dedicated support: Regional teams and local phone numbers mean you can speak to someone with experience in your market when you need help
- Simple account structure: All balances in the same currency pool together, so you always see your true cash position at a glance
Looking for a more innovative way to manage currencies, reduce fees and grow internationally?
Open a World Account today and discover why WorldFirst is the best Revolut alternative in 2025.
Jennifer Dodd leads marketing for WorldFirst UK, and has over 20 years' experience in financial services and publishing.
Jennifer Dodd
Author
Continue reading
Subscribe
The Weekly Dispatch
Get the latest news and event invites. Signup for our weekly update from the worlds of fashion, design, and tech.
You might also like
Choose a product or service to find out more
E-commerce guides
Doing business with China
Exploring new markets
Business Tips
International transactions
E-commerce expansion guides
Doing business with China
