3 Alternatives to Revolut Business Account
Revolut Business offers Australian customers a choice of account types, which all have multi-currency and card services, with fees from 21 AUD a month. If you’re deciding which business account might suit your company best, you may be interested in looking at alternatives to Revolut Business to compare your options.
Revolut Business alternatives like Wise and Airwallex offer some different features compared to Revolut. For example, Wise has a broader selection of supported currencies with no ongoing fees, and Airwallex has tools to process customer card payments in a selection of currencies. This may mean that providers which offer multi-currency accounts like Revolut Business, but which also have different perks and fees could suit you better. Let’s explore.
Quick summary:
- Wise – great for managing 40+ currencies in one account, with no ongoing fees and the mid-market exchange rate
- Airwallex – great for accounts to hold, receive and exchange 20+ currencies, with some options to waive monthly charges, and card payment processing services
- Commbank – great for getting all the business finance tools you might need from one provider, with branch services when you need them
About Revolut Business account
Revolut offers personal and business account and card services to customers in many parts of the world. In Australia, Revolut Business has 3 different plan options, with fees of 21 AUD or 79 AUD a month for the fixed plans, and the option to build a customised plan for enterprise level customers. All accounts support holding 25+ currencies, and have the option to get linked payment and team expense cards. You’ll also get some no fee transactions monthly, which depend on your account type.
While Revolut Business is a super popular provider which has some excellent perks, it’s not right for all businesses. The ongoing fees can be a downside, and there are also out of hours and fair usage fees to consider when you exceed your account no fee transaction limits, or if you need to convert currencies on a weekend. Here are a couple of considerations if you’re trying to decide if Revolut Business is right for you:
- Revolut Business accounts in Australia all have monthly fees to pay – if you’d prefer an account with no ongoing costs, you may prefer Wise Business
- Revolut Business doesn’t offer card payment processing services to businesses in Australia – if this is something you need, Airwallex may appeal more
- Revolut Business doesn’t have its own branches or ATMs in Australia, which may mean that if you prefer face to face banking or need to deposit cash, a bank like Commbank is a better fit
Pros and cons of Revolut Business
| Revolut Business pros | Revolut Business cons |
|---|---|
| ✅ 3 different account tiers to suit different business types and sizes
✅ All accounts have debit or expense cards and offer multi-currency features ✅ All accounts have a set amount of no fee transactions included, like some weekday currency conversion ✅ Higher tier accounts unlock extra perks like rewards, account management support and custom card options |
❌ All account have monthly fees
❌ Fair usage fees apply if you exceed monthly no-fee transaction limits, with extra charges if you need currency conversion on a weekend
|
Does Revolut Business work in Australia?
Yes. Revolut Business is available in Australia, with 3 different plans to choose from. Here are a few of the things you can do with Revolut Business in Australia:
- Open an account with a fixed level of no fee transactions per month, including currency exchange, local and international transfers
- Get a debit card for yourself and issue additional expense cards for your team
- Send and receive international payments to cover payroll, supplier and contractor invoices and more
- Use your Revolut Business alongside various accounting and HR integrations to streamline business management
Alternatives to Revolut Business account in Australia: Side by side
If you’re still deciding if Revolut Business is right for you, we’ve got some alternatives to Revolut Business to consider. Here we’ve taken 3 popular business account providers that are alternatives to Revolut Business depending on the specific features which are most important to you. To compare, we’ve taken into account their supported currencies, business features, debit cards, integrations, and costs – we’ll start with an overview and then look at each provider in more detail right after.
| Provider | Account features | International payments | Integrations |
|---|---|---|---|
| Revolut Business | Hold 25+ currencies
Monthly fees from 21 AUD – 79 AUD with custom options for enterprise customers
Plans include some no fee transactions monthly before fair usage fees begin |
Send in 35+ currencies (some restrictions apply)
Send fees from 10 AUD outside of plan limits
Receive 25+ currencies |
Accounting: Xero, FreeAgent, Quickbooks
HR: Google Workplace, BabbooHR, Breathe
Productivity: Make, Zapier, Slack
Payments: Adobe Commerce, BigCommerce, Shopify |
| Wise Business | Hold 40+ currencies
65 AUD fee for full feature access, no monthly fee
Low transaction fees and mid-market exchange rates |
Send in 40+ currencies
Send fees from 0.65%
Receive 20+ currencies |
Integrations include Xero, FreeAgent, Quickbooks
API access available |
| Airwallex | Hold 20+ currencies
Receive domestic and international card payments
Optimised for online and digital businesses |
Send in 60+ currencies
Send fees from 0 AUD – 30 AUD
Receive 20+ currencies |
Bank feeds sync with Xero, QuickBooks, and NetSuite, with advanced features for some account plans |
| Commbank | Hold AUD only
Access all the business finance features you need from one provider |
Send in 30+ currencies
Send fees waived for digital payments
Receive AUD only |
Not specified |
*Details correct at time of research – 3rd May 2025
As you can see, each of these services might be a good alternative to Revolut Business, depending on how you would want to use your account and the features which are most important to you. Here’s a summary:
Wise is a good alternative to Revolut because it offers the mid-market rate for currency conversion, has no ongoing fees, supports 40+ currencies for holding and exchange and has easy ways to receive incoming payments with account details in 20+ currencies.
Airwallex is a good alternative to Revolut if your business trades online and needs to take card payments – plus you can hold, receive, exchange, send and spend in 20+ currencies with no hassle and low fees.
Commbank is a good alternative to Revolut if it’s important to be able to speak to someone face to face about your business transactions, if you need to deposit cash, or if you’d prefer to get all your business finance services, including credit and loan support, from one place
Wise Business Account
You can open a Wise Business Account online or in the Wise app, to hold 40+ currencies, receive payments with account details in 20+ currencies, and to spend around the world with your linked Wise debit or expense cards. There are no monthly fees for your Wise account, and all currency conversion uses the mid-market rate, with low fees. For business customers, WIse also supports international payments in a very broad range of currencies, with batch payment options to allow you to pay up to 1,000 people all at once.
Wise is a large and established specialist provider which has industry level safety and security measures in place. Your funds are safeguarded in top tier banks around the world to ensure your money is protected, whichever currency you hold.
- Wise Business opening and monthly fees: No monthly fees, one time 65 AUD opening fee
- Wise Business international transfer fees: Transfer with a variable fee, from 0.65%, with mid-market rates on currency exchange
- Wise Business exchange rate: Wise uses mid-market rates with low, transparent fees you’ll see before you convert
Best Wise Business features
- Hold and exchange 40+ currencies, receive in 20+ with account details
- Currency exchange uses mid-market rates and low fees
- Send payments around the world, often instantly and usually within 24 hours
- Debit and expense cards available, plus multi-user access and batch payment solutions
Wise Business pros and cons
| Wise Business pros | Wise Business cons |
|---|---|
| ✅ Hold and exchange 40+ currencies
✅ Mid-market rates with low, transparent fees ✅ Debit and expense cards available ✅ Time saving perks like a powerful API, multi-user access and batch payment solutions |
❌ No branch access for depositing cash
❌ Variable transaction fees can apply |
Is Wise Business safe?
Yes. Wise Business is a digital first provider which has high levels of security built into all of its operations. Your funds are held in a top tier bank for safeguarding purposes, and your account is secured by 2 factor authentication. Card transactions are monitored for suspicious activity, and you can also freeze your card instantly if you need to and get instant transaction notifications with your phone.
Wise Business or Revolut Business?
Wise Business might suit you better than Revolut Business if you want an account with the broadest possible range of currencies, with no ongoing fees to pay. Wise also has local and SWIFT account details in a good selection of currencies which can make it easy to receive payments, with mid-market rates on all currency conversion, and no out of hours fees.
Airwallex Account
Airwallex offers accounts to businesses around the world, with fees, features and options that vary a little depending on where your business is based. In Australia you can open an account with ongoing fees of 29 AUD to 499 AUD, with options to waive the fee on the lowest tier account if you hold a balance of 10,000 AUD and deposit at least 5,000 AUD a month to your account. Airwallex has the benefit that it also lets you process customer card payments – a service that’s not always available from digital providers. Fees apply, but this can be attractive if you’re an ecommerce business.
Airwallex is a large and trusted business which has strong security measures in place. Customer funds are segregated for safekeeping, which means your money is safe even in the unlikely event that Airwallex were to run into financial difficulties itself.
- Airwallex opening and monthly fees: No opening fee – monthly charges from 29 AUD to 499 AUD, with options to waive the fee on the lowest tier account
- Airwallex international transfer fees: Send for free with local payments to 120 countries, or pay 10 AUD to 30 AUD for SWIFT transfers – exchange fees may apply
- Airwallex exchange rate: the rate offered depends on the currency you need to exchange, with fees of 0.5% on major currencies, and 1% on other options
Best Airwallex features
- Receive, hold and exchange 20+ currencies in your account
- Send payments with no transfer fees to 120+ countries
- Take customer card payments in different currencies conveniently
- Card services available
Airwallex pros and cons
| Airwallex pros | Airwallex cons |
|---|---|
| ✅ Hold, receive and exchange 20+ currencies
✅ Good range of options for sending money abroad, including free transfer methods ✅ Card payments are supported ✅Expense management tools available for some account plans |
❌ Airwallex cards can not be used in an ATM
❌Monthly fees can be high, and a fee of 0.5% – 1% applies on all currency conversion |
Is Airwallex safe?
Yes. Airwallex is safe, and uses a selection of industry level measures to ensure customers, their data and their money are secure. You’ll need to complete a verification process to open your account in the first place, and can then secure your account with 2 factor authentication. Your funds are segregated from Airwallex working capital to ensure you will always have access to your money.
Airwallex or Revolut Business?
The key difference with Airwallex vs Revolut Business may be around card payment services. If you need to take customer card payments, Aiwallex may appeal – plus you can also get local account information to be paid from customers using invoices, PSPs and marketplaces. Airwallex has different account tiers with quite different features and fees, allowing for a fit to businesses of all sizes.
📲 Learn more about best online business accounts
Commbank Business Transaction Account
The Commbank Business Transaction Account offers 2 different plan options – you can transact with no monthly fee if you expect to mainly only need digital services. Or you can pay 10 AUD a month to get some free assisted transactions like depositing cash or making an in branch withdrawal. Using a business account from a bank like Commbank may be an appealing option if you know you need other services like business finance which may not be available from specialist providers. You’ll be able to get all your financial services under one roof – but the fees may be a bit higher than using a specialist.
Commbank has won the Mozo’s Small Business Exceptional Everyday Account Award several times with this account, which is a popular and safe option. Commbank is one of the largest banks in Australia and uses high level security to keep customers and accounts safe. Accounts can hold and receive AUD only, with no multi-currency feature option.
- Commbank Business Transaction Account opening and monthly fees: No opening fee, monthly fee of 0 AUD or 10 AUD depending on how you want to transact
- Commbank Business Transaction Account international transfer fees: Send fees waived for digital payments – if you need to send a payment in branch, fees are likely to apply. Exchange fees can also apply
- Commbank Business Transaction Account exchange rate: exchange uses the Commbank exchange rate which may include a markup
Best Commbank Business Transaction Account features
- 2 different account options depending on how often you need in person transactions
- International transfer fees are waived for digital payments, although exchange costs can still apply
- Deposit cash and get a face to face service
- Get everything you need for your business finance, including loans, from one place
Commbank Business Transaction Account pros and cons
| Commbank Business Transaction Account pros | Commbank Business Transaction Account cons |
|---|---|
| ✅ Choose a digital only account or pay a monthly fee for assisted transactions
✅ Send money with no upfront transfer fee ✅ Easy to use with branch and ATM use all over the country ✅Familiar option |
❌ Accounts support AUD only
❌Transaction fees can be quite high, including costs which are difficult to see like exchange fees and margins |
Is Commbank Business Transaction Account safe?
Yes. Commbank is a large, trusted and secure bank to use, for personal and business use. If you ever have any problem you can get in touch with the team by phone, online, or in a branch with great service no matter what you need.
Commbank Business Transaction Account or Revolut Business?
Using a bank like Commbank offers some quite different features compared to using Revolut Business. You won’t get multi-currency features and the costs can be on the higher side, but it may be a good choice if you need to deposit cash or if you prefer to talk to someone face to face about your business finances.
Alternatives to Revolut Business for international business payments
If you’re running an Australian business, the chances are that you need to make regular international business payments to pay suppliers and contractors, or to pay your team who work remotely from abroad. Here are how these providers compare against Revolut for international business payments so you can see which may work out best for you, based on your specific transaction needs.
| Provider | Coverage | Transfer fees | Transfer speed | Exchange rate |
|---|---|---|---|---|
| Revolut Business | Send in 35+ currencies (some restrictions apply) | 10 AUD for transfers outside of plan allowance
35 AUD additional fee for SWIFT OUR payments |
Usually up to 2 business days | Weekday exchange at the Revolut rate to plan limit, then 0.6% fair usage fee applies
1% out of hours fee for weekend exchange |
| Wise | Send in 40+ currencies | From 0.65% | Can be instant – the vast majority of payments arrive in 24 hours* | Mid-market exchange rate |
| Airwallex | Send in 60+ currencies | Free to transfer using local networks
10 AUD – 30 AUD for SWIFT payments |
The majority of payments arrive in 24 hours | Wholesale rate + fees of 0.5% or 1% depending on the currency |
| Commbank | Send in 30+ currencies | Transfer fees are waived for digital business payments | 1 – 3 business days | Commbank rate, which may include a markup |
*Details correct at time of research – 3rd May 2025
*The speed of transaction claims depends on individual circumstances and may not be available for all transactions
Here’s a summary of the services we’ve been exploring today, based on their options for sending money overseas.
Wise: Send in 40+ currencies, with payments which can arrive instantly, and in most cases are deposited in 24 hours. Currency exchange uses the mid-market rate.Track payments the Wise app easily so you can see where your money has got to.
Airwallex: Send in 60+ currencies with no transfer fee for payments using local networks, and a charge of 10 AUD – 30 AUD for SWIFT payments. Exchange is calculated using the wholesale rate with fees of 0.5% for major currencies, or 1% for other currencies. Transfers usually arrive in 24 hours.
Commbank: Send in 30+ currencies with transfer fees waived for digital business payments. Exchange fees may still apply which are included in the exchange rate you’re quoted. Payments are usually deposited with the recipient in 1 – 3 business days.
Is there a safer alternative to Revolut Business?
Revolut Business is safe to use. Like Revolut Business, all of the providers we’ve mentioned above have various security measures to ensure safety of customer funds. You can learn about the full range of security measures in place from each provider on their own company website or app – here’s an outline:
Wise: Customer funds are held in a top tier bank for safeguarding, and accounts are secured by 2 factor authentication. Freeze and unfreeze your card instantly if you need to, and get instant transaction notifications with your phone. Reach out for help in the app, 24/7 if you ever need it.
Airwallex: Customer funds are segregated from Airwallex working capital to ensure you will always have access to your money, and you can also view, check and manage your account and card with your phone.
Commbank: Large bank with an extensive branch network which allows you to check any issues face to face easily. Accounts are secured with industry level safety features to keep your money safe.
While these providers implement security measures, you should conduct your own research before making decisions.
What to consider when choosing a business account?
Let’s close out with a few things you may want to consider when choosing a business account, to help you navigate the process:
- Look carefully at the costs including monthly fees, currency conversion fees, transfer fees, assisted transaction fees and card costs
- If you trade internationally or work with overseas suppliers and contractors, check the number of currencies available to hold, and where you can send payments to to ensure they cover your needs
- Look online for reviews to check that existing customers speak highly of the account and the provider – this gives you a good measure of how you’d get support if you ever need it
- Check the integrations the account provides to make sure it will work with your existing systems like cloud accounting solutions
Conclusion: Is there a better alternative to Revolut Business in Australia?
Revolut Business in Australia offers attractive account and card products which can suit various different business types. You’ll get multi-currency support, linked cards for spending and withdrawals, and some no fee transactions which can vary based on your account plan. However, as all accounts have monthly fees – and some key features aren’t available such as card payment processing or free ATM withdrawals, you may want to check out some alternative to compare before you sign up.
Make a start by looking at the providers we’ve featured in this guide. You might want to check out Wise if you want a broad multi-currency account for managing 40+ currencies, with no ongoing fees and the mid-market exchange rate. Or maybe Airwallex will appeal, to hold, receive and exchange 20+ currencies, with some options to waive monthly charges, and card payment processing services. Finally, if you need to deposit cash you might prefer Commbank which can offer all the business finance tools you might need from one provider, with branch services when you need them.
Alternatives to Revolut Business for businesses: FAQs
Which provider is the best to open a business account with?
There’s no single best business account provider. The right one for you depends on your specific business needs. Revolut is great for different account plans which can suit small and large companies alike, while Wise offers a broader range of currencies with no monthly fee. If you need to take customer card payments, Airwallex might work for you, while businesses which deposit cash may prefer a bank like Commbank.
Is Wise better than Revolut Business?
Whether Wise or Revolut is better for you will depend on your preferences and individual business needs. Wise has no monthly fee and supports 40+ currencies with easy ways to get paid in foreign currencies with your own account details. Revolut has different account plans which all offer some no fee weekday currency conversion, but monthly charges apply for all accounts.
Is Airwallex better than Revolut Business?
Airwallex and Revolut Business are both different providers which offer their own unique features and fees. Airwallex has card payment processing services which are not available from Revolut in Australia, which may make it a stand out option for ecommerce stores and similar companies. Revolut on the other hand has a great range of features which may appeal to other company owners – you’ll need to compare both to get a feel for the right choice for you.
Is Commbank better than Revolut Business?
Choosing a bank like Commbank might make sense if you prefer to manage your money in person, or if you need to deposit cash on a regular basis. If so, you’ll also be able to get other services like credit and loans from Commbank – which may not be available from providers like Revolut. Revolut has the advantage of offering multi-currency features and low service fees, which Commbank may not be able to match – so do compare both depending on the features you need.
