You cannot open or hold a Revolut account if you carry out any sort of business or activity that relates to the following:
- Armaments, nuclear, weapons or defence manufacturers
- Adult entertainment/Pornography
- Auction houses
- Cannabinoids (THC, CBD, CBN)
- Chemicals and allied products not elsewhere classified
- Crowdfunding platforms
- Cryptocurrency firms*
- Consulates
- Dating escort services
- Diplomatic Offices
- Gambling
- Embassies
- Equity/mutual funds and other investment funds
- Fake goods/counterfeit consumer products
- Fine art dealers
- Foundations
- Funds (including venture capital funds)
- Non-profit organisations
- Pawnbrokers
- Pension schemes
- Political organisations and institutions
- Precious metals & stone dealers
- Quasi-cash merchants
- Religious organisations
- Registered and unregistered charities
- Second-hand car dealers
- Second-hand heavy construction equipment dealers
- Special Purpose Vehicle/Special Purpose Entity (SPV/SPE)
- Streaming companies (companies getting donations from viewers)
- Trusts
- Video game arcade
- Unregulated FX businesses
- Unregulated Loan businesses
- Unregulated Money Services businesses
- Unregulated Remittance business
Accepted cryptocurrency firms:
- Companies that use blockchain technology
- Companies that accept/pay with crypto currency
Unaccepted cryptocurrency firms:
- Companies that process funds to/from crypto exchanges
- Companies that are related to crypto trading (e.g. an exchange, a broker, an ICO specialist
- Businesses that work with client money can be accepted, but the account cannot be used to process client money.
You cannot hold, exchange, transfer or manage client funds in a Revolut Business account. Client funds essentially means any money that belongs to your customers. For example, an investment firm’s “Client funds” is their customers’ money which they invest on their behalf. You would not be able to hold or manage client money in a Revolut Business account.