Key takeaways
- Revolut's UK bank left the Prudential Regulation Authority's mobilisation phase on 11 March 2026, so it can now take deposits as a fully licensed bank.
- FSCS protects eligible bank deposits up to £120,000 per company, per authorised firm, a limit that applies to firms failing from 1 December 2025.
- Money held as e-money is not FSCS protected, so check whether your Revolut Business account has moved to the bank before relying on that cover.
- Revolut Business has four UK plans, Basic, Grow, Scale and Enterprise, and none of them is free.
- Revolut's fee schedule, as indexed on 6 November 2026, lists Basic at £10 a month, Grow at £35 and Scale at £125, with Enterprise priced on request.
- For a sole trader, business and personal deposits at the same bank share one £120,000 limit; a limited company gets its own.
Revolut Business is an app-based business account for UK companies and sole traders, run by Revolut, which became a fully licensed UK bank on 11 March 2026. It has four paid plans, Basic, Grow, Scale and Enterprise, and no free tier. Before you open one, check whether your account sits with the bank, and so has FSCS protection, or is still an e-money account.
This page describes Revolut Business; it does not rate or rank it. Revolut’s own website blocked our checks on 6 November 2026, so confirm every fee on Revolut’s site before you sign up.
Is Revolut Business a bank?
Yes, Revolut now has a full UK banking licence. On 11 March 2026 the Bank of England’s Prudential Regulation Authority (PRA) let Revolut’s UK bank leave the mobilisation phase, Tech.eu reported. During mobilisation, which began with a restricted licence in July 2024, the bank operated under limits including a cap on deposits.
The full licence lets Revolut offer FSCS-protected deposit accounts to UK personal and business customers. Revolut has been moving existing UK customers from e-money accounts with Revolut Ltd to accounts with its bank in stages. We could not confirm the timetable for business accounts from Revolut directly, so check the notices in your app.
Is money in Revolut Business FSCS protected?
It depends on whether your account has moved to the bank. The Financial Services Compensation Scheme protects eligible bank deposits up to £120,000 per person, per authorised firm, for firms that fail on or after 1 December 2025.
The FSCS protection checker says it “can’t protect e-money or payment services firms”. E-money balances are safeguarded instead, which is a different kind of protection. Use this check:
- If your account is with Revolut’s UK bank, eligible deposits are FSCS protected up to £120,000.
- If your account is still an e-money account, it is safeguarded but not FSCS protected.
- If you hold more than £120,000, consider spreading money across banks with different licences.
How the £120,000 limit applies to your business
The FSCS treats each type of business differently, according to its small business guidance.
| Business type | How the limit works |
|---|---|
| Limited company or LLP | The company can claim up to £120,000 of its own |
| Sole trader | Business and personal accounts at the same bank share one £120,000 limit |
| Partnership | A joint business account has one £120,000 limit |
Our guide to FSCS protection for business accounts explains shared licences and e-money in more detail.
Revolut Business plans and fees
Revolut Business has four UK plans. Revolut’s fee schedule covering all plans, as shown in search results on 6 November 2026, listed the plan fees below. We could not open the page itself to confirm them.
| Plan | Monthly fee listed | Billed annually |
|---|---|---|
| Basic | £10 a month | Not listed |
| Grow | £35 a month | £360 a year |
| Scale | £125 a month | £1,080 a year |
| Enterprise | Custom pricing | Custom pricing |
Plans are listed here by monthly fee. Earlier 2026 reviews quoted lower prices for Grow and Scale, so the fees appear to have risen during the year. Each plan has its own fee schedule covering transfers, foreign exchange, cards and cash, and the allowances differ by plan. Read the schedule for the plan you want, because charges beyond the allowances can outweigh the monthly fee.
For how these compare with other providers, see business bank account fees and Tide vs Starling vs Monzo.
What to check before you open a Revolut Business account
- Confirm the plan fee on Revolut’s own pricing page on the day you apply.
- Read the fee schedule for your plan, especially transfer and currency allowances.
- Ask which entity holds your money: Revolut’s UK bank or Revolut Ltd as an e-money institution.
- Check FSCS cover with the FSCS protection checker once your account is open.
- Check accounting links with your bookkeeping software before you move your main account.
- Have your Companies House details ready, including your company registration number.
Our step-by-step guide to opening a business bank account lists the documents banks ask for.
What is not known
We could not confirm from Revolut directly, as of 6 November 2026:
- the transfer, foreign exchange and card allowances for each plan
- when each group of business customers moves from e-money to the bank
- whether every type of business account is eligible to move
We will update this page when Revolut’s pages can be checked.
Frequently asked questions
Is Revolut Business free?
No. Revolut’s fee schedule lists four paid plans, with Basic at £10 a month as the lowest listed fee on 6 November 2026.
Is Revolut a UK bank?
Yes. The PRA let Revolut’s UK bank leave its mobilisation phase on 11 March 2026, making it a fully licensed bank.
Is my Revolut Business account covered by the FSCS?
Only once it is held with Revolut’s UK bank. E-money accounts are safeguarded but the FSCS says it cannot protect e-money.
How much does the FSCS protect for a limited company?
Up to £120,000 of eligible deposits per company, per authorised firm, for firms that fail from 1 December 2025.
Can a sole trader use Revolut Business?
Check Revolut’s own eligibility rules when you apply, as we could not confirm them on 6 November 2026. For FSCS purposes a sole trader’s business and personal deposits at the same bank share one £120,000 limit.
Sources
Rates, thresholds and rules in this guide were checked against HMRC and GOV.UK guidance on 6 November 2026. Tax rules change, so check the current position on GOV.UK or with a qualified adviser before acting. This guide is general information, not personal advice.