The 7 best alternatives to Revolut business

The best alternatives to Revolut Business in a nutshell :

Revolut Business: presentation

Created in 2015Revolut is aBritish neobank. In other words, the brand is one of those banks that are mainly available online.bank account with no fees or income requirements.

Revolut then launched a dedicated offering for professionals: freelancers and businesses of all sizes.

Here's an overview of its main features:

• Free business account and 1 month free for paying offers;

• French IBAN ;

• Adapted to all business sectors and legal statuses;

• Multi-currency account (over 25 currencies supported) ;

• Intuitive, high-performance mobile application.

A 0 euro Free offer is available whether you are self-employed or a company. Paid accounts start at7 euros for self-employed against25 euros for companies.

Revolut sets a ceiling for its payment transactions:

• 3,000 per day for withdrawals ;

• 20,000 per rolling 30 days for payments.

List of the 7 best alternatives to Revolut business

Here are 7 of the best alternatives to Revolut business :

Hero

Payment solution made in France and founded in 2021,Hero isa platform dedicated to B2B SMEs. Initially, theRoland Jais Nielsen has set itself the mission of offeringa systemdigital factoring tailored to small businessesThe pro account is one of our latest products.

Here are its features:

• A free pro account;

• Dedicated to small businesses;

• Additional functionalities dedicated to small and medium-sized businesses Digital factoring, deferred payment, fractional payment ;

• 3 payment methods available: credit card, direct debit and bank transfer.

Qonto

Founded byAlexandre Prot and Steve Anavi, Qonto launchedin July 2017. Its pro account is aimed at self-employed entrepreneurs and companies of all legal statuses.

Here are the features of a Qonto pro account:

• 24/7 customer service;

• French IBAN ;

• 3 offers from 29 euros/month ;

• Carte bancaire Mastercard ;

• Diversified payment and collection methods;

• An intuitive, high-performance mobile application.

In terms of pricing, Qonto's offer for freelancers starts at9 euros per month against29 euros per month for the corporate package.

Bunq

A Dutch neobank, Bunq is a Fintech unicorn. It was founded in 2012 in the Netherlands byAli Niknam.She obtainsits European license in 2014. We are present in Francesince 2018but also inGermany, Austria, Great Britain and Spain. Bunq's ambition is to become the first international neobank.

Dutch neobank launches its Bunq Business professional offerin 2016.

Here are its main features:

• Intuitive, high-performance mobile application;

• Multi-currency account ;

• Support for green businesses ;

• A mobile payment solution with Apple Pay;

• 10 free cash withdrawals per month. Above this threshold, a fee of 0.99 euros/withdrawal is charged.

• 3 free Mastercard bank cards.

The Bunq Business offer beginsat 9.99 euros per month.

Wise

Launched in 2011Wise is a payment operatorspecializing in currency conversion and international transfers. Its Wise Business pro account is suitable forfor micro-entrepreneurs and companies of all sizes.

Here are the main features of Wise Business :

• Mass payment ;

• Multi-currency account with 40 supported currencies;

• Account opening fee 50 euros but no account maintenance fees ;

• International transfers to over 160 countries.

N26 Business

Created in 2013 in Germany, N26 is a digital bank born of the creative imagination ofValentin Stalf et de Maximilian Tayenthal. Its N26 Business offer is aimed atmicro-entrepreneurs and freelancers.

Here are its main features:

• Free package without access to a physical card ;

• Service limited to the euro zone ;

• French IBAN ;

• 24/7 customer service;

• Mastercard ;

• Free international payments.

The N26 Business account starts at4.90 euros per month if you need a physical Mastercard.

Shine

Created byRaphaël Simon and Nicolas Reboud in 2018Shine is a neo-bank dedicatedfor the self-employed and small businesses. Shine is also an application with accounting management functions.

Here are the main features of the Shine pro account:

• A mobile application combining banking services and accounting management functions;

• 24/7 customer service;

• French IBAN ;

• Business card.

Shine prices start at7.90 euros TTC/mile. Additional charges may apply, notably for withdrawals (1 euro/withdrawal) and foreign currency payments (1 euro excl. VAT + 1.9%).

Monabanq

Launched in 2006Monabanq is a digital bank,a subsidiary of the Crédit Mutuel CIC group.

The Monabanq pro account is dedicated to micro-professionals and has the following features:

• Visa payment card ;

• Legal protection ;

• No income requirement and no commitment.

The Monabanq subscription beginsfrom 9 euros/month.

What are the criteria for opening a pro account?

A pro account is a bank account that gives you access to services specifically dedicated to professionals. Opening such an account is mandatory forjoint-stock companies andmicro-entrepreneurs with sales of over €10,000/year.

However, even when it's not mandatory, it's still advisable to open one. It offers the advantage ofseparate personal and commercial transactions.

Faced with the diversity of offers on the market, it's essential to define selection criteria when choosing your pro bank. Here are 5 criteria to keep in mind:

Our services

First of all, there are 3 types of players on the pro account market:traditional banks, digital banks and neobanks.

To choose your pro account, the first step is to take stock of your needs, taking into account :

• The payment methods you need for your business : possibility of obtaining a checkbook, physical or virtual bank card, bank card limit, etc.

• The means of payment essential to the smooth running of your business;

• The possibility of depositing cash and cashing cheques;

• Access to a French IBAN ;

• The ability to carry out international transactions;

• The number of direct debits and credit transfers authorized each month ;

• Overdraft authorization conditions.

Traditional banks generally offer the most comprehensive range of services on the market. However, digital banks offer significant advantages, such as 24/7 accessibility and lower fees.

Le recipe

This is a fundamental criterion for choosing a professional bank.

In particular, you will analyze :

• Account management fees ;

• VSE-related commissions (Electronic payment terminal);

• Movement commissions ;

• Overdraft fees ;

• The cost of a business bank card ;

• Etc.

However, these fees are negotiable with your banker, and online banks have a comparative advantage in this respect. In fact, they applygenerally more affordable rates This is especially true for neo-banks, which target micro-professionals and micro-businesses.

Day-to-day account management

Entrepreneurs especially need a banking institution that offers them the possibility of remote management.digital banks and neobanks Digital banks and neobanks even allow you to open a business account online.

Ancillary services

You should also be aware of the additional services offered by banking establishments, including :

• Savings products;

• Professional insurance ;

• Investment opportunities;

• Professional financing. On this point, it is worth remembering that Hero offersdigital factoring. It enables small and medium-sized businesses to obtain early payment of their customer invoices to secure their cash flow.

Customer service availability

Available customer service24 hours a day, 7 days a week is always a plus for an optimal user experience.

So there are plenty of alternatives to Révolut Business. One of the most interesting is Hero, with its totally free account.