Is Virgin Money or Revolut Business better for your small business?
Below we look at both Virgin Money and Revolut Business reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Virgin Money vs Revolut Business Trustpilot Reviews
| Virgin Money | Revolut Business | |
| Trustpilot Review Score (out of 5) | 1.4 | 4.2 |
| Percent 5-Star Reviews | 5% | 75% |
| Percent 1- Star Reviews | 89% | 10% |
| Total Number of Reviews | 6,799 | 148,162 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/www.revolut.com
Virgin Money vs Revolut Business App Reviews
| Virgin Money | Revolut Business | |
| iPhone Review Score (out of 5) | 4.6 | 4.9 |
| Number of iPhone Reviews | 125,000 | 26,200 |
| Android Review Score (out of 5) | 4 | 4.6 |
| Number of Android Reviews | 23,400 | 20,300 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/revolut-business/id1436969262
Virgin Money vs Revolut Business Account Fees & Charges
| Virgin Money | Revolut Business | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 25 Months | No Limit |
| Cheapest Monthly Account Fee | No | £19 |
| Most Expensive Monthly Account Fee | No | £79 |
| Electronic Payment Cost (in/out) | Free | 1% + 20p |
| Cash Payments Cost (in/out) | 90p per £100 | €1 |
| Cheques (in/out) | 30p per cheque | £8 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £20 | 20p |
Virgin Money vs Revolut Business Business Savings Rates
| Virgin Money | Revolut Business | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Grow, Scale, Enterprise |
| Lowest Savings Rate (AER) | 1.35% | 2% |
| Maximum Savings Rate (AER) | 5.15% | 3% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs Revolut Business Account Opening Times
| Virgin Money | Revolut Business | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 10 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Revolut Business Features & Account Types
| Virgin Money | Revolut Business | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Northern England and Scotland only | None, online only |
Virgin Money vs Revolut Business Customer Support Options
| Virgin Money | Revolut Business | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Virgin Money vs Revolut Business Foreign Currency Accounts
| Virgin Money | Revolut Business | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Revolut Business
| Virgin Money | Revolut Business | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | Yes | No |
Virgin Money vs Revolut Business Banking Basics
| Virgin Money | Revolut Business | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 121873 | 900562 |
| Website | Virgin Money Website | Revolut Business Website |
Common Comparison Questions
Does Virgin Money or Revolut Business have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% are 5-star and 89% are 1-star.
Whereas, Revolut Business scores 4.2 out of 5 based 148,162 Trustpilot reviews. Of which 75% are 5-star and 10% are 1-star.
Does Virgin Money or Revolut Business have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 reviews.
In comparison, Revolut Business’s iPhone App is rated 4.9 out of 5 based on 26,200 reviews. And it’s Android App is rated 4.6 out of 5 based on 20,300 reviews.
Does Virgin Money or Revolut Business have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (AER)
In contrast, Revolut Business offers Grow, Scale, Enterprise accounts with interest rates ranging from 2% to 3% (AER).
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For other business bank accounts see our guide here.