Is It Allowed to Use Revolut Business for Personal Expenses?

Learn why using a Revolut Business account for personal use is not advisable and how to keep your finances compliant.

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Revolut Business accounts are specifically designed for companies and should not be used for personal transactions. Using a business account for personal expenses can lead to compliance issues and potential account restrictions. To keep your finances clean and compliant, consider opening a separate Revolut personal account for your individual expenses.

FAQs & Answers

  1. What are the consequences of using a business account for personal transactions? Using a business account for personal transactions can result in compliance issues, account restrictions, or closure.
  2. Can I transfer money from my Revolut Business account to my personal account? Yes, you can transfer money from your Revolut Business account to your personal account, but it's important to maintain compliance.
  3. How do I open a Revolut personal account? You can open a Revolut personal account through the Revolut app or website by following the account registration process.

Watch More

For more insights on FinTech solutions and personal finance management, check out our articles on opening a personal account with Revolut and navigating compliance in business banking.

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