Business Plan Subscription (Grow)
The Business Fees and Charges Section were updated on 25 August 2023 and apply to all Business users who opened their Revolut Business Account on or after 25 August 2023. Any pricing difference between these terms and the previous terms (see below) will be waived until 30 September 2023.
If you are a Business user who opened your Revolut Account before 25 August 2023, the previous version of the terms (click here) will apply to you until 30 September 2023.
Subscription
Subscription Fee
Subscription Type | Fee |
Paid monthly | A$25 per month |
Paid annually | A$250 |
Add money
From a bank
Transfer type | Transfer amount | Fee |
AUD Transfers from bank accounts in Australia | Up to 100 inbound and outbound transfers per month (the Grow Transfer Allowance) | A$0 |
Any inbound or outbound transfers over the Grow Transfer Allowance | A$0.20 per transfer | |
International transfers (inbound) | No limit | A$0* |
* Note that intermediary and sending banks may also impose a charge on the sender.
Cards
Card fees
Revolut Card Type | Number of Cards* | Fee |
Revolut Non-Metal Card | First Revolut Non-Metal Card per Authorised Team Member | A$0 |
Additional Revolut Non-Metal Card(s) This includes any replacements for lost or stolen cards. | A$9.99 per card | |
Revolut Metal Card | First Revolut Metal Card per Business Account | A$0** |
Additional Revolut Metal Card(s) This includes any replacements for lost or stolen cards. | A$79.99 per card | |
Virtual Revolut Card | Per virtual card | A$0 |
* The Business is limited to holding three physical Revolut Cards per Authorised Team Member.
** Fees mat apply if a Business Account is cancelled within 3 months of opening.
Spend
ATM Withdrawals
AMT Withdrawal Type | Withdrawal Amount | Fee |
Revolut Card ATM Withdrawal | Any amount* | 2% of the ATM withdrawal amount** |
* The maximum amount of ATM withdrawals per day is limited to £3000 (or AUD/local currency equivalent).
** Please note that the ATM provider may still charge a fee to the Business for making an ATM withdrawal.
Send
Fiat Currency Transfers
Transfer Type | Number of Transfers | Fee |
Transfers to other Revolut users | Any amount | A$0 |
AUD transfers to bank accounts in Australia | Up to the Grow Transfer Allowance | A$0 |
Over the Grow Transfer Allowance | A$0.20 per transfer | |
Foreign Currency Transfers to bank accounts and AUD Transfers to bank accounts outside of Australia | Up to 5 transfers per month | A$0* |
Over 5 transfers per month | A$10 per transfer* |
* Note that intermediary and receiving banks may also impose a charge on the recipient.
Exchange
When a Business initiates a currency exchange in the Business app, we'll use a variable exchange rate, as set out in our Business Terms.
The exchange rates we offer do not include any fees within the rate of exchange. Rather, we apply a separate percentage-based fee as set out below, which is shown separately in the Business app whenever a currency exchange is made.
Exchange fees
Currency Type | Exchange Amount | Fee |
Fiat Currencies | Up to A$15,000 per monthly billing cycle (the Grow Exchange Allowance) | A$0 |
Any amount over the Grow Exchange Allowance | 0.6% of the value of the exchange |
Exchange fees applicable outside exchange market hours
An additional fee will apply to transactions made outside of exchange market hours. A transaction will be outside of exchange market hours if it is made between Friday 5pm and Sunday 6pm (New York time), which is a U.S. based time zone. For reference only, without taking into account daylight savings, the equivalent time period in Australia is approximately Saturday 7am to Monday 8am (AEST).
The Business will be able to see the relevant exchange rate and the total of any applicable fees prior to transacting.
Currency Type | Exchange Amount | Fee |
Fiat Currencies | Any amount | 1% of the value of the exchange |
Features
The Business may be charged for the use of certain product features by an Authorised Team Member as set out below.
The Business can disable an Authorised Team Member’s access to certain product features in the Business app at any time. If product features are disabled prior to the commencement of the next monthly cycle the Business won't be charged in that month.
Feature fees
Feature Type | Fee |
Expenses feature | A$8 per month per active Authorised Team Member* |
* The Business will be charged for an Authorised Team Member after they submit or approve an expense for the first time.
Cancellation
Cancellation Period | Fee |
Within 3 months of opening Business Account |
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After 3 months of the Business Account opening |
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