Need to check with @andriusb to see whether US companies can use Revolut for Business (At the current moment, the consumer product is only available for UK/EU/EEA countries. An expansion into the US market is under way, with a pre-registration waiting list for those keen on the first people in the US to have a Revolut account.).
26 and counting.
There are currently 2 ‘interfaces’ for money to go in and out of your Revolut for Business account.
-1) Currency account: A ‘wallet’/currency account in the 26 currencies that Revolut supports at the current time. First-party (Bank transfer from your legacy bank.) and third-parties transactions (such as client payments.) can be sent to those currency accounts via the IBAN address for that currency account (or in the UK, sort code and account number. For the US, it should be ACH/ABA, but you need to check with @anon33247966 and see whether ACH implementation is complete .).
-2) Debit card: Employees/executives can be issued with Mastercard debit cards. Any money spent using these cards will draw on the money in the specific currency account (e.g. If you’re spending CAD in Canada, the money will be taken from the CAD currency account. If there are insufficient funds in the CAD account, then it will convert your base currency (USD) into CAD at the interbanking FX rate.).
Need to check with @anon33247966 regarding ACH support, and whether there are any fees involved in domestic/international ACH transactions.
They can send money to your IBAN address.
As far as I am aware, they don’t need to be Revolut users. The P2P function (Revolut<–>Revolut.) seems to be more oriented towards the consumer product, rather than the Business product.
@andriusb @anon33247966 will be more suited to answer this.