Business Savings Target Market Determination

Issuer: Revolut Payments Australia Pty Ltd (ABN 21 634 823 180, AFSL 517589)

Product: Business Instant Access Savings

Effective Date: 21 / 07 / 2026

This Target Market Determination (TMD) seeks to offer an understanding of the class of customers for which this product has been designed, the distribution conditions, and how it is reviewed and monitored for ongoing appropriateness.

Product Description

Through the Revolut Business App, customers can apply for an Instant Access Savings account.

With this account they can:

Transfer money into the Instant Access Savings account from their Revolut Main Account
Earn interest on deposits daily (variable rate depends on Subscription Tier, amounts paid out at minimum $0.01)
Withdraw funds (from their savings account to a Revolut linked bank account)

Key Eligibility Criteria

In order to open Instant Access Savings, a customer must have an existing Revolut Business Account and meet key eligibility criteria, including but not limited to:

Must be an owner or admin of the account.
Must be a registered Business in Australia
Must reside in Australia.

Target Market and Product Attributes

The key attributes of the Revolut Business Instant Access Savings Account are considered to be consistent with the likely objectives, needs and financial situation of the target market, as described below:

Customer Objectives and Needs	Product Attributes
Requires a savings account to deposit funds with flexible withdrawals	Only eligible Businesses can apply (see above) Interest is accrued and paid daily Customers have access to funds on demand with no penalty for making withdrawals
Want to earn a variable rate of interest on their savings.	Interest is paid daily on the combined balance of all Instant Access Savings accounts, up to the maximum balance limit of $5,000,000 The interest rate is variable, and may change if the customer subscribes to a paid plan
Is comfortable with accessing and managing their account through digital channels.	Accounts can only be accessed and managed through the Revolut Business App or web portal
A business customer that holds surplus operational cash or investable capital reserves.	The account has no minimum balance requirements or hidden operational fees, allowing businesses to park variable amounts of capital and is protected by the Financial Claim Scheme up to $250,000.

Negative Target Market

This Savings product is not suitable for business customers who require direct day-to-day transactional utilities from their savings balances, including linked debit card spending capabilities, direct debit facilities, external BPAY payments, or multi-currency clearing directly out of the savings account structure.

Distribution Conditions

Revolut Australia applies the following conditions on the distribution of the product so that it is likely to be provided to customers in the target market:

Condition	Reason for Condition
The product can only be distributed by Revolut Australia following completion of an online application through either of the following channels: The Revolut Website The Revolut Business App	Revolut Australia’s digital distribution model aligns to the target market’s preference to use digital channels.
All distribution channels must ask a standard set of questions and check that the eligibility criteria to open an account have been met. Applications must be processed through proprietary digital channels embedded with real-time, automated API validation rules. The distribution system contains hard, digital gates that terminate applications from excluded legal entities (e.g., trusts, charities), inactive/cancelled ABNs via live Australian Business Register (ABR) verification, or non-Australian operating profiles.	The completion of these checks and data collection during the digital sign-up process enables Revolut Australia to confirm that the customer is eligible for the product.
A variety of marketing and promotional channels may be used, including digital and physical advertisements, social media, in-person advertising, and comparison / affiliate websites, subject to our internal approval process and rules (for example, gambling related affiliates are not allowed).	Although these channels may be used to provide information about the product, applications must be completed through the approved digital channels to ensure customers are always provided with a consistent set of information about the product and the plans available to them.

When will the TMD be reviewed?

This TMD will be reviewed within each consecutive 12-month period from the effective date unless a particular event or circumstance occurs that might materially change the information contained in this TMD or suggest that it is no longer appropriate

Periodic review	Review triggers
The TMD will be reviewed at least every 12 months from its effective date, and within 12 months of every subsequent review.	A review of the TMD will be undertaken out of cycle in the following circumstances, where relevant and applicable to the TMD: Introduction of new products or features Changes to the existing features or products (including fee changes) Changes to the distribution method External events such as regulatory change, adverse media coverage Reporting and monitoring identifies a need for review Such as an increase or unexpected trends within complaints data in relation to customers who have obtained a savings account A material incident or an increase in incidents occur in relation to the product and related customer outcomes Any unexpected customer outcome trends. Including but not limited to the opening of the account by a customer followed by no use or deposits into the account.

Periodic review

Review triggers

The TMD will be reviewed at least every 12 months from its effective date, and within 12 months of every subsequent review.

A review of the TMD will be undertaken out of cycle in the following circumstances, where relevant and applicable to the TMD:

Introduction of new products or features
Changes to the existing features or products (including fee changes)
Changes to the distribution method
External events such as regulatory change, adverse media coverage
Reporting and monitoring identifies a need for review

Such as an increase or unexpected trends within complaints data in relation to customers who have obtained a savings account
A material incident or an increase in incidents occur in relation to the product and related customer outcomes
Any unexpected customer outcome trends. Including but not limited to the opening of the account by a customer followed by no use or deposits into the account.

Reporting and Monitoring

As issuer and distributor of the product, Revolut will collect and analyse the following information to ensure the TMD remains consistent with how the product performs in the market:

Product performance data: Significant changes to the volume of new customers or subscriptions, usage patterns and customer engagement.
Customer feedback and Complaints: Customer feedback on product experience, including the volume and category of complaints received.
Feedback from other sources: Feedback from other sources including regulators and other entities within the Revolut Group.
Significant dealings: Revolut Australia becomes aware of a significant dealing of the product that is not consistent with the target market as described in this TMD.

Distributor Reporting

This product is currently distributed solely by Revolut Australia, via its proprietary channels. Accordingly, there are no external distributor reporting requirements, reporting timeframes, or distributor obligations associated with this product. Any future distributors will be required to report to Revolut Australia the following information:

The number of complaints about the product, categorised by root cause, on a quarterly basis.
Any significant dealings not consistent with this TMD, as soon as practicable and within 10 business days

The information in this TMD is not financial advice and does not take into account your individual objectives, financial situation or needs. Before acting on the information in this document, you should consider the product’s appropriateness having regard to your personal circumstances.