Revolut Business vs TransferGo Business: Which is better for your business?
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Choosing the right business account can significantly impact how you manage your finances. We’re comparing Revolut Business and TransferGo Business, focusing on their features, pricing, business card options, and more, to help you decide which one suits your business best.
| Revolut Business | TransferGo Business | |
|---|---|---|
| Features | Multi-currency accounts, accounting integrations, physical & virtual cards | Fast international transfers, multi-currency support, batch payments |
| Pricing | Free and paid plans (£0–£100/month), fees apply after plan limits | No setup or monthly fees, low transfer fees, exchange margins as low as 0.35% |
| Business Cards | Physical and virtual cards with custom spend controls | Virtual cards only |
Revolut Business vs TransferGo Business: Key Features
| Revolut Business | TransferGo Business | |
|---|---|---|
| Supported Currencies | 25+ currencies across 100 countries | 35+ currencies in over 60 countries |
| International Payments | Up to 100 countries | 60+ countries with fast delivery options |
| Accounting Software Integration | Integrates with QuickBooks, Xero, and more | No accounting software integration |
| Business Debit Cards | Physical and virtual cards with custom spend controls | Virtual cards only |
| App | Separate app with advanced features like cryptocurrency trading | User-friendly app focused on transfers and batch payments |
Both options bring solid features to the table. Revolut stands out with its advanced financial tools and integrations, while TransferGo excels in providing fast transfers and user-friendly batch payment options. Ultimately, the best choice depends on your business’s specific needs.
Revolut Business vs TransferGo Business: Pricing
| Revolut Business | TransferGo Business | |
|---|---|---|
| Account Opening Fee | None | None |
| Monthly Subscription | Free plan available; paid plans from £10 to £100/month | None |
| Currency Exchange Fees | Free within plan limits; 0.6% fee outside allowances | Exchange margins as low as 0.35% |
| Money Transfer Fees | Free within plan limits; £0.20 for local transfers, £5 for international transfers outside allowances | No fees on major routes |
| FX Fees | Interbank rate during market hours; 0.5%–2% markup outside market hours | Transparent pricing with no hidden fees |
Revolut offers a competitive subscription model with varying features based on the plan, while TransferGo charges no monthly fees and provides low-cost international payments. However, Revolut has higher fees outside of plan allowances, compared to TransferGo’s transparent pricing. Consider your transaction volume to determine which pricing structure is more cost-effective.
Revolut Business vs TransferGo Business: Business Cards
| Revolut Business | TransferGo Business | |
|---|---|---|
| Physical Card | Yes | No |
| Virtual Card | Yes | Yes |
| Custom Card | Yes | No |
| ATM Withdrawal | Free up to certain limits; 2% fee after the limit | Not available |
Both Revolut and TransferGo offer business card functionalities, including virtual cards. However, Revolut stands out with physical cards and custom spend controls, while TransferGo provides a straightforward virtual card solution.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
