Business Account
iFAST Global Bank vs Revolut: Comparing Business Accounts in the UK
Which bank works better for your business?
by
iFAST Global Bank
Choosing the right business banking partner has a real impact on your company’s cash flow, operating costs, and ability to scale internationally. For businesses managing multiple currencies, international payments, or growing balances, comparing the features of each provider matters.
Comparing iFAST Global Bank and Revolut Business Account
Below, we compare iFAST Global Bank’s Commercial Banking Suite with Revolut Business, focusing on practical features that are crucial to global businesses.
Important: This article is for general information only and does not constitute financial advice. Product features, interest rates, and regulatory permissions may change. Always check the provider’s official terms before opening an account. This comparison was accurate as of 7 May 2026.
| Features | iFAST Global Bank Business Current Account (Authorised UK bank) | Revolut Business Account (Authorised UK bank) |
| Deposit protection | Eligible deposits protected by the FSCS (up to £120,000) | Eligible deposits protected by the FSCS (up to £120,000) |
| Interest on everyday balances | Up to 2.65% AER* (variable) on GBP current account balances | No interest for current account balances |
| Supported currencies | 9 currencies held in one account | 25+ currencies held in one account |
| Account fees | £0 monthly fees No tiered subscription plans | From £10/month Tiered subscription plans |
| Domestic payments | £0 | £0.20 for transfers outside of monthly plan allowance |
| International payments | Inbound payments: Free Outbound payments: Free for amounts from £2500 or equivalent (£15 per transaction for amounts below £2500 or equivalent) | £5 for transfers outside of monthly plan allowance |
| Interest on savings | Up to 4.30% AER (variable) on GBP fixed term deposits# | Up to 3.3% AER (variable) on savings, depending on tier subscription |
| Debit cards | Unlimited free virtual cards^ 1st physical card is free, £10 per additional card | 50 free virtual cards 1st physical card is free, £4.99 per additional card |
| Accounting software integration | Xero & Sage Other platforms are planned for future availability | Xero, Sage, QuickBooks, and 45+ other tools |
Features and availability may vary depending on account type, location and provider terms.
*Interest rates are correct as of 07/05/2026.
^iFAST Global Bank Business Debit Card available to UK-registered entities only. T&Cs apply.
#iFAST Global Bank Fixed Term Deposits have a fixed term. Early withdrawal is generally not permitted and may result in loss of accrued interest. A 14-day cooling-off period applies. T&Cs apply.
About iFAST Global Bank - Commercial Banking
iFAST Global Bank is a fully authorised digital bank in the UK offering international banking services for businesses operating locally and across borders.
Its flagship Multi-Currency Business Current Account allows customers to hold, receive, spend and transfer multiple currencies within a single account.
Key features include:
9 supported currencies in one account
Earn up to 2.65% AER* (variable) on GBP current account balances
Transparent FX pricing and global payment capabilities
Visa debit card for UK-registered companies
Zero monthly maintenance fees for all eligible business accounts
About Revolut Business Banking
Revolut is a financial technology platform that provides mobile-first banking services. As of 11 March 2026, Revolut received a full UK banking license.
Its business offering focuses on digital account management, multi-currency spending, payments, and subscription-based plans.
Key features include:
25+ supported currencies in one account
International spending and transfers
Software integration tools and business APIs
Tiered subscription plans with varying limits and features
Differentiating Factors: Which Bank Works Better for Your Business?
How Your Business Funds Earn Interest
iFAST Global Bank - Earn Interest Automatically
Your balance earns interest directly within your current account. There is no need to move funds into a separate savings account, helping businesses keep money accessible while still earning returns.
Revolut - Earn Interest Through Active Management
Revolut may offer interest through separate savings accounts, depending on your business plan. To earn interest, businesses typically need to move money out of their main account balance into a dedicated savings product and move it back when required for spending. While flexible, this may require more active cash management by the user.
Monthly Subscription Plans
iFAST Global Bank - Zero Monthly Fees for All Businesses
iFAST Global Bank offers zero monthly maintenance fees, with no tiered subscription plans across both SME business and corporate banking. Business owners can access a comprehensive commercial banking suite without recurring plan charges.
Revolut - Tiered Subscription Plans
Revolut Business uses tiered monthly plans, where pricing and available features vary depending on the package selected. The plans range from £10/month for the Basic Plan to £125/month for Scale Plan. Businesses may need to upgrade plans as payment volumes or operational needs grow.
Overall: iFAST Global Bank vs Revolut
Ultimately, the best banking platform is dependent on how your business operates.
If your focus is on extensive features such as software integrations, business APIs and budgeting tools, Revolut Business may be worth considering.
If your priority is earning interest on idle funds, saving costs on monthly maintenance fees, and managing cross-border payments efficiently, iFAST Global Bank may offer a compelling alternative.
Disclaimers:
This content is for informational purposes only and does not constitute financial advice. Financial products, interest rates, and regulatory permissions may change. Always review the provider’s official documentation before making financial decisions.
*Interest rates are variable and subject to change. Details regarding interest rates can be found at https://www.ifastgb.com/commercial-banking. Please refer to the website for full terms and conditions.
#iFAST Global Bank Fixed Term Deposits are subject to a fixed deposit term. Early withdrawal before maturity is not permitted unless under exceptional circumstances and may result in loss of all accrued interest. A 14-day cooling-off period applies from the date of application, during which you may cancel your fixed term deposit without penalty. More details can be found on www.ifastgb.com. Deposits up to £120,000 are protected by the FSCS. More details: https://www.fscs.org.uk/. T&Cs apply.
Tags
iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).
iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.
Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.
