Is Revolut Business available for business in Australia?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson
Availability

Revolut Business for business in Australia: Available

Key eligibility
A business registered in Australia, including sole traders, with directors and beneficial owners who can complete identity checks.
Non resident position
The Australian Business account is for businesses registered in Australia. A purely foreign company without Australian registration would apply under a different region rather than here.
Local currency support
Australian dollar account with local details, plus holding and exchange across 30 or more currencies.
Headline monthly fee
Basic from 10 Australian dollars a month, Grow from 21, and Scale from 79; an Enterprise plan is priced on request.
Availability and fees as of 19 June 2026Last reviewed 19 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Yes. As of 19 June 2026, Revolut Business serves business customers in Australia. A company registered in Australia, including a sole trader, can open an account online in around 10 to 15 minutes, with most applications reviewed within roughly a day. The account holds Australian dollars with local details and supports 30 or more currencies. Revolut is not a bank in Australia; it operates under an Australian Financial Services Licence and holds customer funds with licensed institutions.

Does Revolut Business serve business customers in Australia?

Yes. Revolut Business is offered to companies registered in Australia through Revolut Payments Australia Pty Ltd, which holds an Australian Financial Services Licence (AFSL 517589). The product is an electronic money and payments account rather than a licensed bank account, so funds are safeguarded with partner institutions instead of carrying a banking deposit guarantee. Sole traders as well as companies can apply. The service combines an Australian dollar account, payments, corporate cards, and spend management in one app, and is used by businesses that send and receive across borders. As of 19 June 2026.

Eligibility for businesses in Australia

Your business should be registered in Australia, and you complete identity checks for directors and beneficial owners during onboarding. Sole traders can sign up as well as registered companies. You provide your business registration details, such as your Australian Business Number where applicable, and identity documents for the people who control the account. Some higher risk activities are restricted, so confirm your industry is supported before you apply. Verify with the provider

What it costs locally

Plans are tiered. Basic starts from 10 Australian dollars a month, Grow from 21, and Scale from 79, with an Enterprise plan priced on request. Higher plans raise the no fee allowances for currency exchange and transfers; for example exchange at the interbank rate is allowed up to a monthly cap that rises with the plan, and local and international transfer allowances increase by tier. Payment acceptance fees start from 0.5 percent. Revolut has noted plan price changes taking effect from 17 June 2026, so confirm the current figure on the pricing page. As of 19 June 2026

What local users report

Australian businesses commonly use Revolut Business for multi currency holding, card spend with controls, and lower cost transfers when paying overseas suppliers. Reviews on app stores and Trustpilot are broadly positive on the app experience, while some users note that support and account checks can take time, and that it is not a licensed bank in Australia. As of 19 June 2026, confirm the current terms with the provider.

How to open Revolut Business for business in Australia

  1. Confirm your business is registered in Australia and gather your registration details and identity documents for directors and beneficial owners.
  2. Apply online and complete the identity checks, which are usually reviewed within about a day.
  3. Once approved, activate your Australian dollar account with local details and add other currency accounts and cards as needed.
Open with Revolut Business →

Questions about Revolut Business in Australia

Is Revolut Business available for business in Australia?
Yes. As of 19 June 2026 Revolut Business is offered to businesses registered in Australia through Revolut Payments Australia Pty Ltd under AFSL 517589. Sole traders and companies can apply. It is a payments and electronic money account, not a licensed bank account in Australia. Verify the current position with the provider. This is general information, not advice.
What does Revolut Business cost in Australia?
Plans start from 10 Australian dollars a month for Basic, 21 for Grow, and 79 for Scale, with Enterprise priced on request. Higher plans give larger no fee allowances for exchange and transfers, and payment acceptance starts from 0.5 percent. Revolut noted plan price changes from 17 June 2026. Confirm current pricing with the provider. As of 19 June 2026.
Does Revolut Business support the Australian dollar?
Yes. The account provides an Australian dollar balance with local account details, and it supports holding and exchanging 30 or more currencies. This makes it usable for both domestic payments and paying overseas suppliers. As of 19 June 2026, confirm the current currency list with the provider.
Is Revolut a bank in Australia?
No. As of 19 June 2026 Revolut is not a licensed bank in Australia. It operates under an Australian Financial Services Licence and safeguards customer funds with licensed institutions rather than offering a deposit guaranteed bank account. Verify the current regulatory status with the provider.

Availability, fees, and eligibility change. This page was last reviewed on 19 June 2026. Confirm the current position with Revolut Business before applying.

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