What Is Revolut and Why Freelancers Are Paying Attention in 2025
Revolut has become a household name in fintech, especially across Europe. With the rise of remote work and international clients, freelancers are looking for flexible, fast, and cost-effective banking options. But is Revolut the right choice for freelancers in 2025? Let’s dive into what it offers—and what it doesn’t.
Key Features That Matter to Freelancers
1. Multi-Currency Support
Revolut allows you to hold and exchange over 25 currencies at interbank rates. This is particularly useful for freelancers who get paid in USD, EUR, GBP, or other major currencies.
2. Local Account Details
With a Revolut Business or Freelancer account, you get local IBANs in EUR and GBP, and a SWIFT account for international payments. However, USD account details are currently limited or unavailable to non-US residents.
3. Low FX Fees (With Conditions)
Revolut offers interbank exchange rates up to a certain limit, depending on your plan. On weekends or after passing the free monthly limit, small markups apply (usually 0.5–1%).
4. Expense Tracking and Invoicing
Revolut’s built-in tools allow freelancers to create invoices, categorize spending, and track income across currencies. This simplifies bookkeeping for freelancers without an accountant.
5. Instant Card Payments
Virtual and physical cards are included. You can instantly pay online services or subscriptions in foreign currencies without extra FX fees (if within limits).
Pricing Plans (as of 2025)
Revolut offers tiered pricing for freelancers and businesses:
- Free Plan: Limited transfers, capped FX volume
- Freelancer Pro: ~$9.99/month with higher limits
- Business Plans: From $25/month with team features
Pros and Cons for Freelancers
✅ Pros
- Great user interface and mobile experience
- Real-time currency exchange and notifications
- Expense and invoice tools built-in
- Works well for European clients
❌ Cons
- No USD receiving account for most freelancers outside US
- Limited support for some countries
- FX markup on weekends and beyond limits
- No deep integration with freelance marketplaces (unlike Payoneer)
Is Revolut Better Than Wise or Payoneer?
It depends on your workflow. If you mostly work with EU or UK clients and want a modern, mobile-first experience, Revolut is excellent. If you need to receive USD or work via freelance platforms, Wise or Payoneer might be more suitable.</p
