Bunq vs Revolut : Which one is better for your business?

Business banking services are essential for companies looking to streamline their financial operations and maximize efficiency. By comparing Bunq and Revolut, we aim to identify which platform offers the best features, pricing, and overall value for businesses. This comparison will focus on key aspects such as account setup, payment solutions, automation tools, and multi-currency support to help you make an informed decision.

A quick overview on Bunq and Revolut

What is Bunq?

Bunq offers business banking services with a focus on quick and efficient account setup, allowing users to open an account in just 5 minutes using a phone and ID. Unique features include the ability to create up to 25 bank accounts for different purposes, high-interest rates on savings with weekly payouts, and sustainability initiatives like planting trees with card usage. Additionally, Bunq supports international banking with multiple IBANs and currencies, making it a versatile choice for businesses with global operations.

What is Revolut?

Revolut offers business accounts designed to facilitate global payments, manage multi-currency accounts, and automate expense management. Unique features include interbank exchange rates for over 25 currencies, AI-powered bill payments, and seamless integration with various business tools. These services aim to streamline financial operations and enhance efficiency for businesses of all sizes.

Features of Bunq and Revolut

Bunq features

Bunq offers a range of unique features that cater to the needs of business consumers, making it a versatile choice for managing financial operations.

• Quick Account Setup: Open a business bank account in just 5 minutes using a phone and ID.
• Multiple Bank Accounts: Create up to 25 bank accounts for different purposes like office expenses, salaries, or savings.
• High Interest Rates: Earn 1.05% interest on EUR and 2.3% on USD and GBP, paid out weekly.
• Automation Tools: Features like bookkeeping integrations, AutoVAT, and quick invoice processing save time and enhance efficiency.
• Sustainability Initiatives: Plant trees with every card transaction and track CO2 impact, appealing to environmentally conscious consumers.

Revolut features

Revolut offers a range of unique features that cater to the needs of business consumers, making it a versatile choice for managing financial operations.

• Global Payments: Transfer money to over 150 destinations, facilitating international business transactions.
• Multi-Currency Accounts: Manage money in multiple currencies and exchange 25+ currencies at the interbank rate, providing flexibility in handling global finances.
• Expense Management: Automate spending with features like spend controls, approvals, and AI-powered bill payments, streamlining financial operations.
• Integrations: Sync with accounting software and other business tools, ensuring seamless financial management.
• Revolut Pay: Access to 45+ million Revolut customers, offering a unique advantage in boosting sales and reaching a large customer base.

Comparing Bunq, Revolut and OneSafe's features

Why choose one over the other?

• Why Choose Bunq Over Revolut: Bunq offers a more streamlined account setup process, allowing businesses to open an account in just 5 minutes using a phone and ID, compared to Revolut's longer review process. Additionally, Bunq's high-interest rates on savings (1.05% on EUR and 2.3% on USD and GBP) provide a better return on idle funds than Revolut's savings options.
• Why Choose Revolut Over Bunq: Revolut excels in global payments, enabling businesses to send transfers to over 150 destinations, which is more extensive than Bunq's international banking capabilities. Furthermore, Revolut's multi-currency accounts and interbank exchange rates for 25+ currencies offer greater flexibility and cost savings for businesses dealing with international transactions.

Considering OneSafe vs Bunq and Revolut

• Why Choose OneSafe Over Bunq and Revolut: OneSafe excels in handling Web3 and cryptocurrency transactions, offering instant crypto to fiat conversions and vice versa, a feature not available with Bunq or Revolut. Additionally, OneSafe's state-of-the-art security measures, including Multi-Factor Authentication (MFA) and digital asset security on Fireblocks, provide unparalleled protection for your financial operations.

What are the customers saying?

Bunq reviews

Users have mixed opinions about Bunq. While many appreciate its advanced features, ease of use, and savings options, others find the navigation confusing and are frustrated with slow response times and interest rates. Overall, Bunq has received a rating of 3.9 out of 5.

• "I love being with bunq because it's difficult for me to imagine that there are other banks with the same range of functionality." - Ludwig Baumann
• "I work with bunq because I find no decent alternatives to it. Bunq for me is the golden mean, because on the one hand there are advanced features like prediction of future balance based on your expenses due to AI." - Jens Martens

For more detailed reviews, visit bunq Reviews.

Revolut reviews

Users generally find Revolut to be a convenient and efficient banking solution with features like cryptocurrency trading, stock market investments, and quick transactions. However, some users have expressed frustrations with high commission fees for digital currencies, lack of telephone support for fraud issues, and poor customer service in certain cases. Overall, Revolut has received a rating of 4.2 out of 5.

• "This Revolut bank have variety business like cryptocurrency trade, stock market and others. So there is more chance to gain wealth through trade, so on this bank not only put your money but also you can invest on different trading market and you get passive income." - MULU ABEBE NEGASI
• "Revolut is a great bank. I have been using it since the beginning, first as an unimportant account with a GB IBAN. But now, it is one of my main accounts, especially because it allows me to invest in stocks and crypto. I travel around the world and withdraw money, paying with different currencies." - Alexander Ohl

For more detailed reviews, visit Revolut Reviews.

OneSafereviews

Users have praised OneSafe for its exceptional customer support and innovative solutions tailored for Web3 and cryptocurrency transactions. The platform has received an overall rating of 4.8 out of 5, reflecting high user satisfaction. Customers particularly appreciate the seamless currency conversion and the efficiency it brings to payroll and expense management.

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe Reviews.

Bunq, Revolut, or OneSafe: Which is the best platform for you?

In conclusion, while Bunq and Revolut offer robust features that cater to various business needs, OneSafe stands out with its exceptional customer support and innovative solutions for Web3 and cryptocurrency transactions. Each platform has its strengths, making any of them a viable choice for your business. However, for those looking for cutting-edge technology and unparalleled security, we recommend giving OneSafe a try.