Has your business application been rejected? Are you wondering why?
No problem, we’re here for you. When you apply for a Revolut Business account, there are several requirements that you must meet, which we reviewed in the previous article here. If you have provided all the data and still your account has been rejected, these may be the reasons:
You applied for an account for such a type of industry which we do not currently provide our services to.
Political organizations, foundations, cannabis related businesses, adult entertainment, gambling and some others. All of them are mentioned in our FAQ page here. On the other hand, our Revolut Business account can’t be used to process funds that still belong to your clients. Please be aware that any money from your customers must be received as an earning in exchange for a product or service.
The type of company you want to open the account for is one of those we do not currently accept.
Public sector companies, Charities, Private foundations or trust or Cooperatives. In the previous article here we mentioned the ones that are supported.
Make sure that the company you’re applying for is registered in one of the following countries where we offer our Revolut Business services:
Aland Islands, Australia, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar (waitlist), Guernsey, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mayotte, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom and United States.
Your company might not meet our physical presence requirements. For companies registered in the EE or Switzerland, some physical presence requirements must be met:
One beneficial owner/director of the company and the applicant must reside in the EEA or Switzerland.
The operational address of the company must be an address in the EEA or Switzerland.
Hit “like’’ if you find this topic helpful and feel free to use our comment section below for any kind of doubt/concern/query.
I’ve applied to a business account and our application has been rejected and not even eligible for ‘appeal’. Our business is incorporated in UK since 1999 and no reasons have been provided to understand why. I am really offended by this ‘decision’ and it is my right to understand the reasons, to let me correct this if I can or know what mistakes I’ve done through the application process. Our business is already with multiple banks in UK and very recognised. I need the respective team to discuss this with them. Best Regards, Ali
Thank you for letting us know about your issues while signing up for our business account. We would like to review which could be the issue here. In order to give you further insights, please send us a private message around our Facebook/Instagram or Twitter. Our support agents will be ready to help you from there.
Many thanks for your response and reply. TBH, I am a bit confused, is this something that should be discussed via Facebook, Twitter or Instagram? Haven’t you specific team to get back to me privately to sort out? Please clarify.
@TWL You can contact us through one of our Social media channels using this link and our team will address the issue and resolve any other concerns you may have.
Hello, unfortunately my application was rejected , My company is register in UK, but now I am in Taiwan working, and put by mistake Taiwanise adress as company, and Revolut reject my application, I cannot do anything, have this can be solved? I need Revolut business account asap, please help
Welcome to our community @bofa. I can understand your concern. I would request you to kindly contact us through in-app chat for this so that we can help you further.
Hi there, I had my application rejected 3 years ago probably on the base that it was a non-typical company (one shareholder with almost no capital). Now, 3 years later, my company is well incorporated with capital… but email and phone numbers are the same. Revolut doesn’t allow me even to start application on that sole base. I can’t even chat with anyone because I can’t login. Any solution?
Thank you for letting us know about your application issues. The team able to help you here is our business support team on the chat, you can contact them by tapping “Contact us” here: Sign up for Revolut Business. Please provide all the requested details, so the final window of chat can be created.
My Revolut Business application was rejected, likely due to my residence outside the EEA. If I appoint a second director in the EEA, could this address the eligibility criteria and lead to a successful application?
Welcome to our community and thank you for raising your concern with us. I would request you to kindly check the “Point 4” in our article where we have covered the required details. Hope this helps.
,
When you apply for a Revolut Business account, there are several requirements that you must meet, which we reviewed in the previous article here. If you have provided all the data and still your account has been rejected, these may be the reasons:
Political organizations, foundations, cannabis related businesses, adult entertainment, gambling and some others. All of them are mentioned in our FAQ page here. On the other hand, our Revolut Business account can’t be used to process funds that still belong to your clients. Please be aware that any money from your customers must be received as an earning in exchange for a product or service.
Aland Islands, Australia, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar (waitlist), Guernsey, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mayotte, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom and United States.
I would request you to kindly check the “Point 4” in our article where we have covered the required details. Hope this helps.