The bank introduced new pricing for its business accounts

Revolut launched free?plans for freelancers and companies. Source: shutterstock.com

Mobile-only bank Revolut launched new pricing plans for Business. In particular, the bank now offers one plan with no monthly fees, available to both freelancers and companies.

We know you’ll have lots of questions, so please read on (and have a look at our FAQs down below) for more information.

The free plans include access to core features:

• Local GBP and EUR account details and payments
• Hold and exchange 28 currencies
• International IBAN
• Physical and virtual cards
• Mobile and web app
• Integrations with Xero, FreeAgent, Slack, etc.
• Open API
• Corporate cards
• Unlimited, free transfers to other Revolut users

They also include 5 local transfers per month. For more than 5, there’s a fee of ￡0.20 per transfer (or approximate equivalents in other currencies). International transfers or money exchange money: 0.4% on the real exchange rate; ￡3 per international transfer.

On the free plan for corporates, 2 team members in total are included in the plan. Team members can be either cardholders and/or admins of the account. Additional team members can be added for ￡5 per month.

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