Revolut Launches Its Business Accounts Services in 50 US States

Revolut, the biggest European digital bank, announced that it has launched its business accounts services in the United States across all 50 states.

Earlier in 2020, the fintech unicorn has partnered with Metropolitan Commercial Bank to launch its app and service in the US. The move came after the company's announcement of applying for a US banking license​.

According to the press release, Revolut Business will allow merchants to exchange and transfer money at great rates. For starters, payments and transfers between Revolut accounts – business or personal – are always free. Additionally, companies can receive, hold and exchange money in 28+ currencies worldwide with no hidden fees.  

The challenger bank said, "Revolut Business is one place to manage all things business. We've rounded up some of the most powerful products that connect to your Revolut Business account. Save time and reduce errors with Expenses and optimise your processes with our external partners including the industry-leading Slack, Zapier, Xero and Quickbooks."

"As you probably know, QuickBooks provide world class cloud-based accounting software, and together with them we're able to give Revolut Business customers near real-time updates on your cash flow, expenses and payments," Revolut added.