You are not allowed to use a Revolut Personal Account for business transactions. Using it for business purposes is a breach of the agreement and could lead to account suspension or closure.
This analysis describes what Revolut's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
Freelancers, sole traders, or small business owners who use their personal Revolut account for work-related payments could find their account suspended or closed, potentially losing access to funds.
Interpretive note: The terms do not define 'business purposes' with precision, leaving ambiguity for users with mixed personal and freelance financial activity.
Using your Revolut Personal Account for any business purpose, including receiving client payments or making business purchases, is a breach of these terms and gives Revolut grounds to suspend or close your account.
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"You can't: open more than one Revolut Personal Account; use a Revolut Personal Account for business purposes; or open a new Revolut Personal Account if we've previously closed a Revolut Personal Account in your name. It is a breach of this Agreement to use your Account for business purposes.— Excerpt from Revolut's Revolut Terms of Service
REGULATORY LANDSCAPE: This provision engages the FCA's regulatory perimeter for e-money institutions, which distinguishes between retail personal accounts and accounts used for commercial purposes. Business accounts are subject to separate regulatory requirements under the Payment Services Regulations 2017 and the Money Laundering Regulations 2017, including enhanced due diligence. The prohibition is a common feature of personal e-money account terms and reflects regulatory obligations around AML and customer classification. GOVERNANCE EXPOSURE: Low. This is a standard provision in personal account terms across the industry. The risk to Revolut is primarily AML and regulatory compliance if personal accounts are used to route business payments without appropriate due diligence. For consumers, the risk is account suspension. JURISDICTION FLAGS: This provision applies to all Revolut Ltd personal account holders. The definition of 'business purposes' is not exhaustively defined in the terms, which may create uncertainty for users with mixed personal and professional financial activity, particularly in jurisdictions where the line between personal and freelance income is less clear. CONTRACT AND VENDOR IMPLICATIONS: Partners integrating Revolut personal accounts into B2C product flows should ensure their use cases are clearly personal in nature. Any commercial or B2B use case should be directed to Revolut Business or Revolut Pro account products. COMPLIANCE CONSIDERATIONS: The lack of a precise definition of 'business purposes' in the terms may generate edge-case disputes for users who receive occasional business-related payments. Revolut's account monitoring systems and the criteria used to identify business use patterns should be assessed for consistency with this provision and Consumer Duty's requirement for fair treatment.
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Freelancers, sole traders, or small business owners who use their personal Revolut account for work-related payments could find their account suspended or closed, potentially losing access to funds.
Using your Revolut Personal Account for any business purpose, including receiving client payments or making business purchases, is a breach of these terms and gives Revolut grounds to suspend or close your account.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Revolut.