Revolut Business Debit Card: Overview, Fees and Limits (UK - 2024)

Thinking of signing up for a Revolut Business account? One of its most useful features is the debit card that comes with it. This will be essential for covering everyday purchases and expenses.

Read on to find out everything you need to know about the Revolut Business debit card. This includes fees, limits, how to order cards and much more.

We’ll also show you an alternative - the Wise Business debit card. You can order virtual and physical cards for you and your team, and spend like a local in 150+ countries.

But more on this later. For now, let’s get back to the Revolut Business debit card.

💡 Learn more about Wise Business

Revolut Business card fees

First things first - is the Revolut debit card free, and how much does it cost to use it? It all depends which Revolut plan you’re on, and whether the card is digital or physical. You can even get a Metal card, exclusive to paid plans.

To give you an idea of the fees, let’s take a look at card charges for the Revolut Business Grow plan (the first paid plan up from the free Basic plan):¹

Does Revolut charge for card payments?

Most card payments with Revolut are free. However, there are some fees for spending in a foreign currency above the free allowance determined by your plan.

For example, the Revolut Grow plan comes with a free foreign exchange allowance of £10,000 a month. If you exceed this, you’ll pay a 0.6% fee. There’s an additional 1% fee if the payment is made outside of foreign exchange market hours.¹

How much does Revolut charge for ATM withdrawal?

Revolut business cards have a flat fee of 2% for all ATM withdrawals, both home and abroad. This is the same for all plans, so you’ll pay it whether you’re signed up for Basic, Grow, Scale or Enterprise.²

And if you withdraw in a foreign currency above your free FX allowance, there are additional fees to pay (as we’ve looked at above).

Revolut business debit card limits

There are some limits as to how much you can spend on your Revolut Business debit card.

The Revolut Business cash withdrawal limit is £3,000 or the currency equivalent per 24 hours. This is for all cards linked to the account, and for all plans.³

The spending limit is £5 million per month.³ Additionally, you can set up your own custom daily, weekly or monthly spending limits.

Revolut Business card FAQs

Still have questions about Revolut Business cards? Take a look below, as we’ve tackled some of the most commonly asked questions below.

How do I add money to my Revolut business card?

Revolut cards aren’t prepaid, so you can’t top them up as you go. They work just like ordinary business debit cards, as they’re linked to your Revolut current account. You just need to make sure there are sufficient funds in the account before you spend.

To do this, simply set up a standard bank transfer from another current account. You’ll need your Revolut account details to hand.

How to order and activate a Revolut Business card?

To order a card, you simply need to follow these steps:⁴

1. Make sure you have permission to view and manage cards in the account, if you’re not the account owner.
2. Go to the ‘Cards’ tab in the Revolut hub
3. Select ‘Order card’
4. Choose a cardholder - if you’re ordering for a team member, you’ll need to invite them to join the business account first.

Once the card has been delivered, you’ll need to activate it in the Revolut Business hub. You’ll find the option to ‘Activate now’ in the ‘Cards’ section.⁵

Alternatively, you can make an ATM withdrawal or a Chip & PIN transaction with the new card.⁵

Can I use my Revolut business card abroad?

You can use your Revolut Business card for spending and cash withdrawals worldwide, wherever Mastercard and Visa cards are accepted. There are a handful of exceptions, including North Korea and Russia. See the full list here.

You can spend and withdraw cash in over 140 currencies, as Revolut cards automatically support the same currencies as its accounts.⁶

How many cards do you get with Revolut business?

You’ll get a certain number of free cards when you join a plan, with additional cards available at an extra cost. This includes Revolut Business virtual cards too.

Here are the limits you need to know about:⁷

• Physical cards - order up to 3 cards per team member
• Virtual cards - get up to 200 virtual cards per team member
• Metal cards - order one card per business (paid plans only).

Lost Revolut Business debit card: what to do?

If you’ve lost your debit card or think it’s been stolen, the first thing to do is freeze it in the Revolut app. You can do it in just a tap, and then order a new card.

In cases where fraud is suspected, you can submit a chargeback request and if approved, you’ll receive a refund for any stolen funds.

To contact Revolut about a lost or stolen card, you can use the live in-app chat function or call the automated phone line on +442033228352 to block your card.⁸

Alternative to Revolut Business debit card: Wise Business

Checking out all the options before deciding on a new business debit card? Make sure to take a look at Wise Business.

Open a Wise Business account and you can order international debit cards for yourself and your team.

Wise Business cards let you spend in the local currency in 150+ currencies, automatically converting currency at the mid-market exchange rate for a small conversion fee. Best of all, there are no extra fees at weekends.

You can keep a tight grip on expenses with dedicated employee expenses cards, available for a one-time charge of just £3 a card. You can pre-set spending limits, track transactions and integrate everything seamlessly with your own accounting tools.

What’s more, Wise Business cards offer 0.5% cashback on all eligible transactions.

Get started with Wise Business 🚀

And that’s it - your handy rundown of everything the Revolut Business debit card has to offer your company. We’ve covered it all, from fees and spending limits to ordering and replacing cards.

After reading this, you should be all set to compare options and decide if Revolut Business is the right solution for you.

Sources used for this article:

Sources checked on 25-04-2024.