Revolut launches local EUR accounts for Australians

Revolut has announced the launch of local EUR accounts for its Business and Retail customers in Australia.

This new offering allows Australian customers to establish local EUR accounts, facilitating swift payments and aiming to include more currencies in the future. The accounts enable Revolut Business customers operating across various markets, as well as Retail customers who travel globally, to receive EUR transfers locally, which can lead to potential savings in time and finances.

Revolut continues to enhance its domestic payment capabilities for its business clientele, integrating features like BPAY, along with expanding into broader wealth and digital services, including cryptocurrency trading.

James Roberts-Thomson, Head of Revolut Business in Australia, stated, "We're committed to making all things money, easier and cheaper for Australians. With today's launch, all Business and Retail customers can receive payments just like a local in Europe, and experience unprecedented speed and reliability. We're excited to be able to continue introducing cutting-edge features to the Australian market which help our customers better manage their finances and get more from their money."

Since its Australian launch in 2023, Revolut Business has offered a range of features aimed at facilitating a global business approach for local companies. These include multi-currency accounts, debit card options – both virtual and physical, and financial management tools such as expense management and automated accounting. The ongoing expansion sees more than 20,000 new businesses joining Revolut Business each month, adding to the hundreds of thousands of monthly active business users.

Revolut is a global financial app aimed at helping people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 50 million customers around the world use dozens of Revolut's innovative products to make more than half a billion transactions a month.

In the Asia-Pacific region, Revolut has teams across New Zealand, Australia, Singapore, Japan and India. They are supported by Revolut's global team of over 10,000 people with its headquarters in London. Across its personal and business accounts, Revolut helps its customers improve their financial health, get more control over their finances, and connects people seamlessly across the world.

Revolut Business is the automated financial platform for businesses, helping startups, scale-ups and enterprises accept and make payments globally, exchange money at great rates and manage their spending. Revolut Business's mission is to be the one platform for managing all business finances. Launched in 2017, today hundreds of thousands of businesses rely on Revolut Business to run their businesses and as a platform for growth.