Revolut vs Starling Business Account: Comparison for the UK

Digital business banking accounts let you set up, manage, and maintain your business finances online. Digital banks operate business accounts just like traditional ones do, and they offer similar services. In most cases you can also integrate the account with your accounting software or other business tools.

Both Revolut and Starling are relevant providers for digital business banking solutions, keep reading to see a Revolut vs Starling business account comparison that examines their services and fees.

We'll also present to you an alternative digital banking provider to Revolut and Starling Bank, which is Wise Business multi-currency account.

Learn more about Wise Business

Revolut vs Starling Business account - plans overview

Starling and Revolut both provide business bank accounts. These accounts have different features and they suit various sizes of businesses, from start-ups to large enterprises. Most important notice, both providers have suitable banking solutions for business trading internationally. Take a look at the tables below for a quick comparison of the Starling vs Revolut business accounts.

Revolut Business plans¹

Starling Business accounts²

Key comparison points

When choosing a provider of a digital bank account for your UK Business, key factors to consider when aiming to pay and get paid internationally are:

• speed for international transfers,
• security,
• convenience and
• customer support options.

Continue reading to see how Starling and Revolut perform in these areas.

Starling Business account

The Starling business account gives you an easy way to keep on top of your business finances. Apply for your account and you get a Starling business card that lets you easily make payments and withdraw cash from your account. Now let's look at the four main comparison points:

• Speed: SWIFT payments usually take 1 to 5 days, local partner network transfers usually take more than that.⁴
• Security: the Financial Services Compensation Scheme (FSCS) regulates the account and covers money up to £85,000.⁵
• Convenience: the Starling mobile app is convenient and easy to use, the account has interesting features such as integration with account tools and bulk payments.
• Customer support: 24/7 customer service is available via the app, phone, or email.⁶

Starling business account fees⁷

As part of the Starling business account review check below the fees for common services you may need:

Starling Business account review

This account is best known for being a quick and easy banking solution with no monthly fees. The Starling business account fees for features such as currency exchange are also competitive making it a cost effective business banking solution

Finally, take a look at the pros and cons of the Starling business account in the table below.

Revolut Business account

This Revolut business account review aims to show you what to expect from using their business account which gives you a place to receive, hold, and exchange more than 30 currencies. You can also set up sub-accounts in different currencies to make it easier to manage your business finances. Let's check how they perform with the four key comparison points:

• Speed: transfers to other Revolut users and cards happen the same day while international transfers take up to 3-5 business days. ⁸
• Security: licensed banks safeguard money in the account and they have an anti-fraud system.⁹
• Convenience: Revolut Business account comes with payment approvals and real-time notifications making it easier to keep on top of business finances.
• Customer support: when using the bank, revolut business support is available by using in-app chat from Monday-Sunday 24/7 and holders can block lost or stolen cards using the phone.¹⁰

Revolut Business account fees

You can see Revolut business pricing and fees in the tables below. The details cover four business account options.

Revolut Business account review

The Revolut business account is best known for letting businesses exchange money in over 30 currencies at interbank rates. This makes it easier for businesses to operate internationally. Relevant Revolut business account fees vary between the different types of account available but are always competitive.

Finally, take a look at the pros and cons of the Revolut business account in the table below.

Wise Business Account: alternative to Starling and Revolut

The Wise Business Account is a simple to use business banking solution with transparent and low fees. You can use your account to make and receive payments and manage your international cash flow in one place. You can also save money with this account that gives you 0.5% cashback on purchases made with the Wise Business Card.

When you look at the four main comparison points, you can see why the Wise Business Account is an alternative to a Resolut business account or Starling account.

• Speed: Wise works to process almost all payments instant, but when instant payments are not available they are processed in a few minutes.
• Security: Wise is regulated in the UK and safeguards money in dedicated bank accounts.
• Convenience: using the multi-currency account is simple and convenient for businesses trading abroad.
• Customer support: there’s a comprehensive help centre with the answers to common questions and customer support is available via phone, and email.

Wise Business Account fees

Check Wise Business Account fees in the table below:

Get started with Wise Business multi-currency account

When you get started with Wise Business you get features including:

• Hold and convert funds in 40+ currencies,
• Use the batch payment tool for up to 1,000 transfers at once,
• Send money to 160+ countries,
• Receive local and international payments in 8+ currencies,
• Connect the account to business accounting software,
• Use a connected debit card for easy purchasing in the UK or abroad,
• Manage expenses easily by using employee expense cards.

Registering for a Wise Business account is a simple and quick process:

1. Register for an account online,
2. Share details of your business including registration number, location, online presence, and details of all stakeholders.
3. Share details of the owner of the account including identity verification.
4. Set up and pay the £45 one-time fee.
5. Provide any additional verification information that Wise requests.
6. Receive an email once Wise completes verification.

That’s all you need to do to take your business to new places with Wise.

Register for a Wise Account

Using a Starling or Revolut business account gives you a quick and easy to use digital banking solution. Each solution has different features but they both allow you to manage your finances conveniently and at a competitive cost.

You can also use the accounts to pay for purchases internationally, especially in the case of the EUR and USD accounts from Starling. The Wise Business Account also makes it easy for you to make payments in international currencies and is an alternative to Starling and Revolut.

Sources used:

Sources last checked March 07, 2023