While Revolut is a well-known name in digital banking, some users find its customer support, feature set, or account verification process doesn't fully meet their expectations. This article will explore what Revolut offers, the common reasons you might consider switching, and present several alternative platforms for your global banking and payment needs.
What is Revolut?
Founded in 2015, Revolut is a British financial technology company offering a range of digital banking services. Its platform provides unique benefits like multi-currency accounts, global payment processing, and advanced team management tools.
For businesses, the platform integrates with popular accounting and HR software to streamline operational workflows. Additionally, a cutting-edge fraud prevention system and around-the-clock support help safeguard company funds.
What to Consider When Selecting a Revolut Alternative?
When searching for a platform that better suits your business needs than Revolut, it's helpful to weigh these key factors:
- Pricing and Fees: Evaluate the entire fee structure, including monthly subscriptions, transaction costs, and foreign exchange rates, to find the most cost-effective option.
- Customer Support: Consider the availability and quality of support, as responsive service can be vital when managing company finances.
- Web3 and Crypto Features: Look for native support for digital assets, such as stablecoin conversions and crypto payroll, if your business operates in the Web3 space.
- Core Banking Functionality: Ensure the platform offers all the essential services you need, from multi-currency accounts to expense management and team cards.
- Software Integrations: Check for compatibility with your existing accounting, HR, and other business software to streamline your operational workflow.
If these points resonate with your priorities, the following section explores several strong alternatives worth your consideration.
10 Best Alternatives to Revolut
1. OneSafe
OneSafe is a finance platform designed to modernize banking for businesses, particularly those operating in the Web3 and crypto sectors. We provide the tools for straightforward fund management, quick payments, and access to both traditional and digital assets.
Our platform enables a direct 1:1 conversion from USD to USDC on Polygon, simplifying payroll and expense management for global teams. This is complemented by end-to-end expense management, frictionless transfers, and responsive customer support tailored for businesses in the digital asset space.
Pricing
We believe in transparent and fair pricing. Here’s a look at our straightforward fee structure:
- Free Account Services: Account opening, maintenance, and both virtual and physical card issuance are all complimentary.
- $0 Monthly Fees: We don't require a monthly subscription or a minimum balance to maintain your account.
- Low-Cost Domestic Transfers: Pay just 0.1% for US domestic ACH and standard wires, or a flat $25 fee for Fedwire transfers.
- Competitive International Payments: Our fees are 0.2% for SEPA payments and 0.2% plus a $50 SWIFT fee for other international wires.
- Transparent Crypto & FX Fees: We charge a 0.1% fee for USDT transactions and offer fiat-to-crypto conversions at market rates with no hidden charges.
Reviews
Our clients often tell us we've transformed their financial operations with our responsive support and intuitive solutions for modern banking challenges.
- “OneSafe has the best customer support I've ever experienced from a bank.” — Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” — Marco, CEO of Ensuro
Want a banking solution that just gets it? Check us out here.
2. Hype
Hype is an Italian fintech company established in 2015, offering digital banking services for individuals and businesses. The company provides financial management tools intended to simplify banking for its users.
The platform includes a mobile app with real-time notifications, budgeting tools, savings goals, and instant payments. It also offers HYPE Business, a service tailored for professionals and small enterprises.
Pricing
HYPE Business has a monthly fee of €2.90. This plan includes a World Elite Mastercard, free SEPA transfers, free F24 payments, and free cash withdrawals in euros from any ATM.
Reviews
User reviews mention a range of issues, including customer support responsiveness, the presence of in-app ads, and difficulties with account access and transfer processing. Check out more Hype reviews here.
3. Ampere
Ampere is a UK-based financial services provider offering a business current account tailored for startups and small to medium-sized enterprises. The platform includes multi-currency accounts and allows users to create invoices directly from their bank account.
Ampere provides currency exchange for GBP and EUR at a 0.35% rate, along with business loans and commercial mortgages. It also offers merchant accounts with acquiring fees starting from 0.65% and settlements twice a week.
Pricing
Here's their pricing at a glance:
- £35 Business Account Setup: This fee includes the first month's maintenance (£20) and card issuance (£15). The account has a £20 monthly maintenance fee thereafter.
- £25 Private Account Setup: This cost covers the first month's maintenance (£10) and card issuance (£15), followed by a £10 monthly fee.
- £25 SWIFT Transfers: International transfers via SWIFT have a fee of £25, while local GBP and EUR transfers are free of charge.
- 0.35% Currency Exchange: A 0.35% fee applies to the exchange amount for GBP and EUR.
- Card and ATM Fees: Debit card issuance is £15, included in the setup fee. ATM withdrawals are subject to a 2% fee plus £1.50 per transaction.
Reviews
User reviews often discuss the app's usability, transaction speed, and multi-currency handling. Some feedback points to a desire for more advanced business features and additional currencies, while a few users note issues with customer service responsiveness. Check out more Ampere reviews here.
4. MuralPay
MuralPay is a financial technology company that aims to modernize international transactions for businesses, particularly those operating across the Americas. The company focuses on addressing challenges posed by outdated financial infrastructure and the number of unbanked individuals globally.
Its platform and API are powered by stablecoins for pay-ins, payouts, invoicing, virtual accounts, and compliance. The service includes instant global payments, multi-currency invoicing, virtual accounts for various currencies and digital assets, and built-in compliance tools.
Pricing
MuralPay does not publicly disclose its pricing details on its website. For information tailored to specific business needs, it is recommended to contact the company directly or request a free demo to explore the platform.
Reviews
User feedback points to several areas for improvement, including occasional transaction delays, interface complexity on smaller devices, cost for large teams, and limited offline access. Check out more MuralPay reviews here.
5. Axos Bank
Axos Bank, established in 2000 as Bank of Internet USA, is a digital bank based in San Diego, California. The institution provides a variety of financial services, including personal and business banking, loans, and investment solutions.
The bank offers accounts with competitive interest rates, low to no fees, and access to funds through a large ATM network. Certain business accounts have no monthly maintenance fees, while others provide an APY on balances.
Pricing
Here's their pricing at a glance:
- $0 Monthly Fee for Basic Business Checking: This account has no monthly maintenance fees, unlimited fee-free transactions, and free incoming wires.
- $10 Monthly Fee for Business Interest Checking: This fee is waived with an average daily balance of $5,000 or more and offers a 1.01% APY on balances up to $49,999.99.
- $0 Monthly Fee for Business Premium Savings: This account has no monthly maintenance fees and offers a 3.80% APY.
Reviews
Some users report issues with Axos Bank's app functionality, including glitches and slow performance. Check out more Axos Bank reviews here.
6. Soldo
Soldo is a spend management platform designed to help businesses control their expenses. It provides a combination of a mobile app and various payment methods to manage company spending.
The platform allows for real-time monitoring of multi-currency expenses and offers customizable user roles. It also integrates with accounting software like Xero to help reduce administrative tasks.
Pricing
Soldo has a tiered pricing structure for different business requirements, but specific details are not made public. The company offers a free trial, and interested parties are advised to contact Soldo directly for detailed pricing information.
Reviews
User feedback indicates mixed experiences, with some reporting issues like login problems, slow statement delivery, and account closure difficulties, as well as varied opinions on customer support. Check out more Soldo reviews here.
7. Countingup
Countingup is a UK-based company founded in 2017 that provides a business current account with integrated accounting software. The platform is designed to help small businesses manage their finances within a single application.
The service offers tools such as instant invoicing, automatic expense categorization, and real-time tax estimates. These functionalities aim to automate financial administration for business owners.
Pricing
Here's their pricing at a glance:
- £3 per month for deposits up to £750: This plan is for businesses with total monthly deposits under this amount.
- £9 per month for deposits between £750 and £7,500: This tier is for businesses with mid-range monthly deposits.
- £18 per month for deposits over £7,500: This plan is for businesses with higher monthly deposit volumes.
- Transaction Fees: Account transfers and direct debits cost 30p each, ATM withdrawals are £1, and foreign transactions have a 3% fee.
- Other Fees: Cash loads at the Post Office are 0.5% (minimum £2 fee) and 3% at PayPoint. A replacement card is £5.
Reviews
User reviews indicate a range of experiences with the platform. Some feedback points to issues such as account suspensions, delays in fund transfers, and limited customer support, including slow response times and a lack of phone support. Check out more Countingup reviews here.
8. Brex
Brex is a financial technology company founded in 2017 that provides corporate credit cards, expense management, and business accounts. These services are integrated into a single platform designed to manage a company's financial operations.
The platform includes AI-powered custom rules, real-time reporting, and integrations with accounting software. It is structured to provide scalable solutions for businesses ranging from startups to global enterprises.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan is for startups and growing companies and includes features like global card acceptance, accounting integrations, and bill pay.
- $12 per user per month Premium: This tier includes all Essentials features plus additional functionalities such as multiple expense policies, advanced approvals, and multi-entity support.
- Custom Enterprise: Designed for global enterprises, this plan offers all Premium features along with a named account manager and customizable implementation. Pricing is based on specific requirements.
Reviews
User reviews point to issues with customer service, including unresponsiveness and difficulties with resolving complex queries. Some customers also mention challenges with international wire transfers and account management. Check out more Brex reviews here.
9. Bunq
Bunq is a Dutch fintech company founded in 2012, offering mobile banking services for personal and business accounts across 30 European countries. The platform provides accounts with multiple International Bank Account Numbers (IBANs), multi-currency support, and a public API for developers.
The company has a focus on sustainability, planting trees based on user subscription plans and allowing investment in environmental projects. Its app also includes budgeting tools, cryptocurrency exchange, and other investment options.
Pricing
Here's their pricing at a glance:
- Free bunq Free: This plan is for sole proprietors and includes 3 bank accounts with IBANs.
- €7.99/month bunq Core: This plan includes 3 bank accounts with IBANs.
- €13.99/month bunq Pro: This plan includes 5 bank accounts with IBANs.
- €23.99/month bunq Elite: This plan includes 25 bank accounts with IBANs.
Reviews
User reviews mention challenges with customer support, citing slow responses and difficulties in resolving issues. Some customers have also reported hidden fees and problems with account freezes. Check out more Bunq reviews here.
10. Moss
Moss is a technology-enabled expense and financial management solution designed to help businesses control their spending. The platform provides tools for managing various financial operations within a company.
It offers corporate credit cards with customizable limits and automates invoice processing for payments in over 70 currencies. Additionally, the system integrates with accounting software, digitizes employee expense claims, and includes tools for creating purchase orders and tracking budgets.
Pricing
Moss utilizes a modular pricing model with a base package and optional add-ons for more advanced features. Specific pricing details are not publicly available, so businesses should contact the company directly for a personalized quote.
Reviews
User feedback often centers on the platform's interface and its effectiveness in managing company expenses. Some reviews mention the responsiveness of customer support and the customization options for features like approval workflows. Check out more Moss reviews here.
Which One Should You Go With?
Choosing the right financial platform depends entirely on your business's unique demands. While each of the alternatives we've covered offers distinct advantages, we believe OneSafe provides a particularly robust solution for modern companies, especially those in the Web3 space. If you're ready for a banking partner that truly understands your needs, sign up for OneSafe today.
