
If you are a business owner or a gig worker and you do not own a Revolut business account, then you need to read this to the end. This article explains what Revolut Business Account is all about and why you should own one as a business owner or freelancer. Imagine the hassles you go through as a traveler when you need to convert your local currency to that of the country of your destination or where you are transacting in. With a business Revolut account and debit card, you can make transactions in different currencies seamlessly digitally without having to use cash.
What is A Revolut Account?
A Revolut account is the product of Revolut Group Holdings Limited, a digital financial provider that allows you to perform secure digital transactions in about a hundred currencies. Revolut has its headquarters in London, United Kingdom.
Revolut was started by Nikolai Storonsky and Vlad Yatsenko in 2015, providing prepaid cards with an app-only payment method. It has since grown exponentially and currently has over 35 million customers worldwide. Unlike your physical bank, Revolut offers seamless payment solutions with value added services that have revolutionized the way we bank.
The world is tilting towards a digital only financial system where you need not worry about changing physical currencies, especially if you are a constant traveler or want to pay for goods and services in other currencies. With a Revolut account, your options are limitless. Revolut is not just your usual brick and mortar bank, it is much more. It helps its customers to make and receive payments seamlessly in over 90 currencies of the world.
What are the key features of a Revolut Account?
• Multiple account types
Revolut offers five different personal account types which includes a business account and an account for under 18 customers. For a standard account, it is a fee-free account while the other four types charge a fee for additional services.
• Currency transfers
With a Revolut Account, you can make transfers to different countries, up to 80 currencies. Unlike different fee charging rates from one bank to the other, Revolut has its own exchange rate, which is cheaper to what you are charged in a standard bank.
• Transfer speed
With a Revolut business account, transferring to other countries only takes 1 to 2 days or 5 days at most, depending on the type of transfer.
• Budgeting assistance
Revolut has budgeting tools that helps you keep track of your spending to avoid going overboard.
Benefits of Revolut account
1. Free transfers
Customers with a Revolut account can make up to five withdrawals without a charging fee.
2. Free debit card
Customers with a standard account can access a free debit card that they can use overseas without having to pay charges.
3. Shopping discounts
Customers with Premium, Metal and Ultra, Revolut account, all fee-charging accounts enjoy shopping discounts, baggage insurance and investment perks.
4. Free Tenders to Revolut customers
If you are transferring from your Revolut account to another customer using Revolut business account, you enjoy free transfers.
5. Business Account for Organizations And Freelancers
Revolut offers different account types for companies and freelancers. These types of accounts are fee-paying types, and they come with additional benefits. You can lock down the current exchange rate with the intention of making transactions at a later date at the rate on your date of initiating the transaction.
How To Open A Revolut Account
Banking methods are rapidly evolving and keying into this digital revolution will keep you at par with innovations. Forward thinking businesses stay on top of their game by making the most of the new trends. So, as a freelancer or business owner with a global outlook, it is important to give your business the Revolut advantage and thus open your practice to a truly global market.
To start, simply click here to download the Revolut Business app on your Play Store or App Store. Follow the registration and the verification steps. Once your account is approved, you will be connected to a global financial platform that offers unbeatable options.
Sign up now!
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