Once you have set up your company, the very probable next step is to open up your business bank account. While going to a traditional high street bank like Barclays or HSBC might be the first choice for many people in the UK – it does not meet the needs of every business owner or company director.
Revolut bank accounts come fully functional with so many features that meet the needs of a modern-day business – breaking through the borders of location. It is an online or virtual bank account accessible from a mobile app, online banking, with unlimited corporate cards and it integrates with XERO.
Well, we are impressed!
If you are a director who is based outside the UK and are unable to travel to the UK to open your Business Bank Account than an online bank account such as Revolut is a great option for you. Revolut offers a complete online customer onboarding process, which means you can open your bank account from the comfort of your PC.
If you are a non-resident director of a UK company, you may also need to transact in multiple currencies, including GBP. A Revolut Business Bank Account offers you the chance to open a bank account in 28 currencies. All of which can be opened in one bank account and within a matter of minutes.
Even if you are UK resident and need to transact in multiple currencies and if you are looking a forward-thinking bank that has adapted to meet the needs of the modern-day business – Revolut is for you’
- Republic of Cyprus
- Czech Republic
- Isle of Man
- and the United Kingdom
Yes. Actually, you can have unlimited business bank cards for each employee. You can also manage all employee cards and employee spending from your online banking.
There is a free plan to start with and may suit the needs of most small business starting out. But your Revolut account is ready to grow with your business within a paid plan for just from just $7 per month.
Revolut Business Bank Account really is one step ahead of the rest. With built-in expense management features which allow you to manage your employee spending. Plus it gives each user access to the Revolut Mobile App where receipts can be uploaded to each expense.
Wow! That’s going to make reporting and spending control so much easier.
So we’re standing by our theory that that Revolut’s feature-full offering would work for any most UK Companies looking for new and improved business banking features that work for your business. If you a non-resident company director – Revolut gives you access to an online account opening process and a unique UK bank account number and sort code – Sorted!
The Revolut Business Bank Account can be opened by completing a quick online application form. Once you have completed the form, your information will be reviewed and you could have your bank account opened in just 1 – 7 days.
To open a Limited Company Business Account on Revolut you will need the following information to hand:
- Your name, address, a photo of your ID and a selfie
- Name and address of your business
- A short description of what your company does
- Basic details about the primary shareholders/directors of your company.