Revolut Business Review 2026: Malta & Cyprus

Revolut Business is the company-account arm of the fintech giant Revolut, built for founders, freelancers and small companies that live in the EUR/SEPA zone and want a fast, app-first alternative to a high-street bank. For small businesses in Malta, Cyprus and the wider EEA, it bundles a multi-currency account, expense cards, accounting integrations and currency exchange into one mobile-and-web platform you can open entirely online in days rather than weeks.

The big question for any business holding cash, though, is not “how slick is the app?” but “is my money actually protected?” That answer is unusually good here, and it is the first thing we will unpack.

Is Revolut Business available in Malta and Cyprus?

Yes. Revolut Business accepts companies registered in the UK, the EEA, Switzerland, Australia, Singapore and the United States. Malta and the Republic of Cyprus are both EEA member states, so businesses registered there are eligible. Onboarding is fully online: you submit company documents, director/UBO details and proof of address, and most straightforward companies are verified within a few days.

A few exclusions apply across the EEA: charities, public-sector bodies and cooperatives generally cannot open a Business account, and in some markets sole traders/freelancers are routed to a dedicated “Freelancer” product rather than the limited-company account. If you are a registered company in Malta or Cyprus, you should qualify.

Regulatory status and deposit protection — read this first

This is where Revolut Business stands out from most fintech competitors. For customers in the EEA — including Malta and Cyprus — the account is provided by Revolut Bank UAB, a fully licensed credit institution (a real bank) authorised by the Bank of Lithuania and supervised by the European Central Bank.

Because Revolut Bank UAB is a licensed bank and not merely an e-money institution, eligible deposits are covered by the Lithuanian deposit guarantee scheme up to €100,000 per depositor — and crucially, that protection extends to legal entities (businesses), not just individuals. This is genuine deposit insurance, the same EU framework that protects deposits at any eurozone bank, and it is materially better than the “safeguarding” model used by most fintech rivals.

It is worth being precise about one point that confuses people: in the United Kingdom, Revolut is still completing its banking “mobilisation” phase and UK balances are partly safeguarded rather than FSCS-protected. That UK caveat does not apply to EEA euro customers, who are with Revolut Bank UAB and therefore covered by the €100,000 Lithuanian scheme. For a Maltese or Cypriot company, the deposit-protection reality is strong.

Pricing and plans

Revolut Business uses tiered monthly subscriptions. Unlike many rivals it offers a genuinely free entry plan, with paid tiers adding larger fee-free allowances rather than unlocking entirely new features. The figures below reflect Revolut’s EEA pricing as of mid-2026; exact euro amounts vary slightly by country, and annual billing typically saves up to ~20%.

Beyond the free allowances, the per-transaction fees that matter most are:

• Currency exchange above allowance: roughly 0.6% over the interbank rate, with an extra ~1% on weekends/when markets are closed.
• Local/SEPA transfers above allowance: about €0.20 each.
• International (SWIFT) transfers above allowance: around €5 plus any correspondent-bank charges.
• ATM withdrawals: approximately 2% of the amount — comparatively expensive, so this is not a cash-heavy product.

Key features for small businesses

• Multi-currency account holding 25+ currencies, with a euro IBAN issued in Lithuania (an “LT…” IBAN that works across all of SEPA — useful to know if a local counterparty expects a Maltese or Cypriot national IBAN).
• Expense cards — virtual and physical debit cards for the team, with per-card spending limits, merchant categories, freeze/unfreeze and real-time notifications. This card-control layer is available even on the free plan and is one of Revolut’s strongest features.
• Accounting integrations with Xero, QuickBooks, Sage and FreeAgent, plus receipt capture and transaction categorisation.
• Invoicing built into the dashboard, plus bulk/batch payments for paying many suppliers or staff at once (paid tiers).
• Open API for automating payments and reconciliation (Grow and Scale).
• FX forwards and business savings (interest-bearing) on higher tiers, for companies managing larger balances and currency exposure.
• 24/7 in-app chat support; a dedicated human account manager is reserved for Enterprise.

Pros

• Genuinely free Basic tier — no monthly fee to get started.
• EEA accounts are held with a licensed bank, so balances enjoy the €100,000 deposit guarantee — rare among fintechs.
• Best-in-class expense cards and spending controls, available on every plan.
• Solid accounting integrations and an open API for automation.
• Interbank exchange rates within generous monthly FX allowances.
• Fast, fully online onboarding with a polished app and web dashboard.
• Bulk payments and FX forwards help growing companies scale.

Cons

• Currency exchange above allowance costs 0.6%+ (and ~1% extra outside market hours) — heavy FX users can pay more than expected.
• ATM withdrawals carry a ~2% fee, so it is poor for cash-based businesses.
• The euro IBAN is Lithuanian, not a Maltese or Cypriot national IBAN, which can occasionally trip up local direct-debit setups.
• No phone support or dedicated manager below the Enterprise tier.
• The Scale plan (€120+/month) gets pricey for smaller firms.
• Revolut has a reputation for occasional account freezes during compliance reviews.

Who should use Revolut Business?

Revolut Business is an excellent fit for app-first SMBs, funded startups and e-commerce sellers in Malta, Cyprus and the EEA who want expense cards, automation and real deposit protection without traditional-bank friction. The free Basic plan suits freelancers and micro-companies with modest transfer needs, while Grow and Scale reward teams that issue lots of cards and make frequent payments.

It is a weaker choice if you run a cash-heavy business (the ATM fee bites), if you need a local MT/CY IBAN for domestic mandates, or if telephone support and a named relationship manager are non-negotiable. Very high-volume currency traders should also model their FX carefully, since costs accrue once allowances are exhausted.

Verdict

Revolut Business is one of the few fintech accounts that pairs a slick, feature-rich platform with the reassurance of a real EU banking licence and a €100,000 deposit guarantee for EEA companies — a combination that makes it a genuinely strong pick for Maltese and Cypriot small businesses. We rate it 4.3 out of 5: the features and deposit protection are outstanding, held back only by FX-overage costs, the ~2% ATM fee and the lack of a local IBAN.

Fees, allowances and features change frequently and vary by country and plan. Always confirm the current details on Revolut’s official Business pricing and fees pages for your country before opening an account.