REVOLUT

Opening an account in the Revolut payment system (UK)

Cost for the private persons from 500€

Cost for the legal entities from 500€

Opening Term: from 3 working days

Remotely: yes

Revolut is a leading international financial technology company and neobank that has become the benchmark for modern online banking. Established in 2015 in the UK (where its global headquarters are located), today the system serves more than 45 million customers worldwide.

An important legal nuance regarding licenses.

  • For customers from the European region and Ukraine, services are provided through the European banking license of Revolut Bank UAB (Lithuania), which is regulated by the Central Bank of Lithuania and the European Central Bank. This gives customers a unique advantage - a combination of the flexibility of the British payment system with the reliability of a European bank, where all funds on accounts are insured by a state-owned company for up to EUR 100,000.

  • For other international transactions, the British EMI (Electronic Money Institution) license is used.

Revolut's main mission is to eliminate any borders for international payments by offering businesses and individuals instant financial management without classic banking bureaucracy and hidden fees.

After opening an account with Revolut, you get:

  1. A multi-currency account supporting over 30 major global currencies in a single app, with separate European bank details (IBAN).

  2. An eco-friendly and innovative ecosystem: instant issuance of physical and virtual cards (including one-off dynamic cards for secure e-commerce).

  3. Favourable conversion rates: currency exchange within the system at the interbank (most favourable) rate.

  4. Scaling tools: integration of the business account with popular accounting software (Xero, QuickBooks) and full automation of payments via API.

  5. Maximum capital protection: an official EU bank guarantee for the safety of deposits.

HOW TO OPEN AN ACCOUNT WITH REVOLUT?

The registration and verification process with Revolut is completely digitalized and does not require a personal visit. However, the neobank's compliance system is based on strict artificial intelligence algorithms, which often leads to automatic rejections or long-term freezing of applications in case of incorrect or inaccurate information submission.

The payment system strictly adheres to European KYC (Know Your Customer) and AML (Anti-Money Laundering) standards. To successfully open a corporate or personal account, it is important to structure the information correctly, legally justify the connection with the European region (substanza/residency) and provide an impeccable package of documents confirming the legality of the origin of funds.

Opening an account with Revolut is a popular solution today among entrepreneurs, IT companies, freelancers, international businesses, and individuals who make international transfers, receive payments from foreign counterparties, or operate in several countries. We help you to pass a compliance check, fill out an application correctly, and minimize the risk of rejection.

Contact us for a consultation - we will find the best solution for your request.

REVOLUT advantages

1

Multi-currency and currency exchange

2

Maximum payment security

3

Simplified SEPA and SWIFT transfers

4

Investment opportunities

General Information

Types of accounts

  • Personal. For daily expenses, travel, savings (Safes), and quick P2P transfers.
  • Business. For companies and freelancers (such as IT and e-commerce) who need local European details, merchant accounts, and bulk payments.

Personal visit

No personal visit is required. All procedures are carried out remotely in an online format via the mobile application or the web version of Revolut Business.

Service rates

Open an account with Revolut:

  • For individuals: Standard (€0), Plus (€3.99), Premium (€9.99), Metal (€16.99), Ultra (€55+).
  • For businesses (depending on transaction volume) – Basic (€10), Grow (€35), Scale (€125), Enterprise (customised rates).

Incoming euro payments via the SEPA system are usually free or incur a minimal charge.

Useful information

  • A prerequisite for registration. Official residence and tax number in a country supported by the system (EU, UK, etc.).
  • To open a corporate account for a foreign LLC, you must provide proof of the company's real address (substance) and its tax number (TIN/VAT).
  • Specifics for Ukrainian citizens. Registration directly for a Ukrainian company or sole proprietorship is not currently supported. However, account opening is available for Ukrainians with European residence, as well as for foreign LLCs established by Ukrainian beneficiaries abroad.

Stages of account opening

01

Preparation of documents

You fill out a Maira Consult questionnaire and provide information about the nature of your future transactions. We collect the company's corporate documents, proof of substance (economic presence in the EU/UK), as well as identification documents of directors and beneficiaries (UBOs).

02

Analysis of documents

Our lawyers analyze the structure of your business or personal case, check the documents for compliance with Revolut's strict compliance criteria, and help you avoid "high risk" markers.

03

Submission of documents

We create and properly adapt the package of documents, after which we upload the application through the secure interfaces of the Revolut Business system or help to fill in the personal profile correctly.

04

Passing verification

The director/beneficiary (or individual) undergoes digital biometric verification (scanning ID/foreign passport and taking a real-time selfie with a smartphone camera).

05

Compliance Check

Revolut financial monitoring algorithms analyze the application. At this stage, the system can automatically request additional confirmation of the source of funds (Source of Wealth) or confirmation of operational activities (invoices, contracts). We promptly accompany this process.

06

Account opening

After the verification is successfully completed, the Revolut account is activated. The client gets access to multi-currency details (IBAN), the ability to generate cards and launch payments.

Answers to the Most Common Questions:

To open a corporate account, you need to register a company (LLC, LTD, or partnership) in a supported jurisdiction (EU, EEA, UK, USA, etc.), provide a recent extract from the trade register, full details of the founders and beneficiaries (UBO), and document the real activity (invoices, contracts with partners, website). Maira Consult specialists take care of the entire process of preparing documents and communicating with the neobank to successfully open a turnkey account.
Yes, Ukrainian citizens can open both personal and business accounts. The main condition for individuals is legal residence in the EU or the UK, a residence permit or temporary protection status, and a local tax number. To open a corporate account, Ukrainian beneficiaries must have a foreign-registered LLC that has an economic connection (substance) with the European region.
Personal accounts for individuals are usually activated automatically in 10-15 minutes after uploading documents and a selfie. Corporate accounts for LLCs undergo a more in-depth compliance process, which takes an average of 3 to 10 business days, depending on the complexity of the company's structure, the geography of its counterparties, and the speed of responding to the bank's requests.
Yes, Revolut is perfectly adapted for technology businesses. It offers convenient tools for IT startups and online commerce: integration with payment gateways (Stripe), issuance of corporate cards for advertising (Facebook, Google Ads), and automation of payments to developers. $!Revolut often rejects companies from the so-called high-risk industries (cryptocurrency without licenses, gambling, unregulated financial brokerage), if they have ties to sanctioned regions, due to an opaque ownership structure or lack of evidence of a real business presence in Europe.
To successfully pass the verification, it is important to provide up-to-date, complete and structured information about the client or company at the application stage. Maira Consult specialists help to prepare documents, structure explanations about the company's activities, sources of funds, and accompany the client during the inspection, which greatly simplifies the entire process of opening an account.
Yes, you can use Revolut cards and the mobile application in Ukraine without any restrictions - pay in stores, withdraw cash from ATMs or make transfers. However, it is currently not possible to open an account directly to a Ukrainian tax address or register it for a Ukrainian legal entity (LLC). In order to legally use the full potential of the service for commercial activities, Ukrainian entrepreneurs register companies in the EU or the UK, and then open a full-fledged corporate account.
Revolut officially supports and opens accounts for residents and companies (LLC, LTD) registered in the European Union, the European Economic Area (EEA), the UK, the USA, Canada, Singapore, Japan, Australia, and New Zealand. To successfully register a business, it is necessary to confirm the company's real legal address in one of these countries.
Ukrainians can open personal accounts provided they are legally residing abroad, have an official residence in the EU (confirmed by a lease agreement) and a local tax number (e.g. PESEL in Poland, NIE in Spain, etc.). If the Ukrainian entrepreneur needs the account for commercial activities, it will not be possible to open it for a Ukrainian sole proprietorship. The procedure looks different: Maira Consult lawyers help you register a company (LLC/LLC) in one of the supported countries, obtain a local tax number, and then open a full-fledged business account with Revolut Business. Work, account opening, and any financial transactions with such countries and regions as Russia, Belarus, Iran, North Korea, Syria, Cuba, and the temporarily occupied territories of Ukraine are completely blocked. In addition, Revolut does not open accounts for companies if their activities or partners are associated with high-risk offshore jurisdictions from the FATF's gray or black lists.
For individuals: there is a free Standard tariff (€0), as well as paid packages Plus (~€3.99), Premium (~€9.99), Metal (~€16.99), and Ultra (from €55/month). For businesses (LLCs): tariffs for active commercial use cost from €10/month (Basic) to €125/month (Scale) and more, depending on transaction limits.
Despite its status as a leader among non-banks, the system has several specific features: Strict automated compliance: the system's artificial intelligence can suddenly freeze an LLC's account to verify the origin of funds or the legitimacy of an invoice. Lack of physical branches: the bank has no offices, and communication with support at basic rates takes place exclusively in the application chat, where robots often answer. Restrictions on crypto activities: although it is allowed to buy crypto within the app, Revolut is extremely reluctant to accept transactions from third-party cryptocurrency exchanges to company accounts and may refuse to provide services.
Since Revolut has not yet officially launched a full-fledged service for companies and individual entrepreneurs registered directly in Ukraine, there is no separate Ukrainian tariff schedule. Ukrainians who opened accounts as residents of EU countries use standard European tariffs (from €0 to €45+/month). For international businesses opened by Ukrainian beneficiaries through foreign LLCs, standard European or British Revolut Business corporate rates apply.
As Revolut has not yet officially launched its full service for companies and sole traders registered directly in Ukraine, there is no separate Ukrainian pricing plan. Ukrainians who have opened accounts as residents of EU countries are subject to standard European fees (from €0 to €45+ per month). For international businesses set up by Ukrainian beneficiaries through foreign limited liability companies, standard European or UK Revolut Business corporate fees apply.
There is no official strict limit on the maximum amount of money you can hold in Revolut - you can keep as little as €100 or as much as €1,000,000 in your company account. However, there are financial monitoring limits. If the amount of a single deposit or the monthly turnover on the LLC's account rises sharply, the compliance department will automatically send a request for confirmation of the source of these funds (contracts, tax returns, invoices). To avoid large sums being frozen during commercial operations, Maira Consult's specialists help clients to prepare the necessary compliance documents correctly before the first major money transfer takes place.

Other payment systems in this region

TitleCost from (EUR)
MULTIPASS500
OMEGA600
3S MONEY500
PAYALLY600
TRANSFERRA500
MONEVIUM600
PAYSET500
BILDER600
SENDS500
Amaiz500
EMERALD24500
WISE600
WEAVEPAY500
CONNECTUM500

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday to Friday: 09:00 to 18:00

Saturday and Sunday: closed

We respond to inquiries within 15 to 30 minutes during working hours

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International Law Company Maira Consult