Here’s an offer for you… if you are a freelancer or small business owner like me, and you’d like the opportunity to open a new business bank account (or even if you’d just like some free money!), Revolut contacted me this afternoon about an offer they are going to provide for the month of November, as of today.
“We will be offering 50 Euros to all new businesses and freelancers that open accounts via your unique link(s) and top up the same amount. This promotion will only be available for the rest of November.”Revolut
Obviously, you would be right to be skeptical about people offering free money on the internet. I know I am. So there’s obviously some catch.
What’s the catch?
Well, the first thing to be aware of is that, in order to get the free €50 you must do the following things:
How it Works
- Click my link to visit Revolut; and
- Open a new Business Account; and
- Insert €50 into your new acccount, using one of their payment methods (a bank transfer from another account, or via a debit cart or another accepted method).
- You must do this before the end of November 2019!
Once you have done the above, they’ll credit your account with an additional €50 no questions asked*.
*Well, actually, yes questions asked. There are several questions you’ll need to answer to setup a new Business account with Revolut, including identity checks and etc. You may not be successful in opening a new business account, but if you are, and you top-up €50 you will be given an additional €50.
Therefore, this offer makes the most sense if you think you’d benefit from a Revolut account for your business anyway (i.e. not just for the free €50).
This is my referral code
NOTE – one of the main “catches” here is I will be credited a referral fee for sending you to Revolut. This will be a small commission for introducing you as a new customer. It’s a commission, and it’s why Revolut tells me about their offers… but I have, until now, not regularly posted offers. I’m aware that many of my colleagues will be interested in bagging €50 for the sake of signing up an account and loading some money in!
In case you missed it, below is a button with the link in:
What are the benefits of a Revolut business account?
I use Revolut personally and my business also uses their fee-paying banking services. Here’s the main benefits I find on the business account, in order that I like them:
- Fee-free currency transactions – we regularly deal in GBP, USD, EUR and AUD as a business. Transferring between currencies can be slow and expensive with “traditional” banks. With Revolut these are instant and also they go through without any commission or changed exchange rates.
- Virtual cards – this one was a surprise benefit to me, but it’s proved very much worthwhile. You can get many virtual cards through Revolut. These you can use to spend money in online stores – perhaps if you don’t trust a new software vendor, or you’re subscribing to something you may like to cancel in future. You can set per-card spend limits to limit your exposure to this card number getting hacked or cracked. Secure and sensible, this is amazing. I also use these to test checkouts when working on real money stores in UK, USA, Australia and Canada (remember the currency thing!!).
- Real cards – for all your team, allow you to monitor expenses and instantly see what’s going where.
- Connect all payments to Slack – we’re developers, right, so we like to get a Slack notification after someone buys a round of drinks at a tech conference, and know exactly how much additional work we’ll need to do to recoup 🙂
- Connect to your accounts package – at our business, we use FreeAgent for accounting (another hot tip see here) and this means we can live feed all our transactions – in all currencies – directly in, saving much time in double-entry accounts. Automatic for the people! I believe there are also options for QuickBooks and Xero – but I can’t swear that they work (leave a comment, below).
There are other, additional, benefits, but the above are my favourite things about this “Challenger Bank” which really mark it out as a cut above the traditional banking competition. The service is available in a lot of the world – Europe, UK and Australia for sure. USA… not so sure, so check, because last time I checked it was “planned” (leave a comment, below, if you know this!).
Anyway, for now, hit the button below, sign up, as above, and please do leave a comment, below, if this worked – or didn’t work – for you, and I will be sure to complain loudly on your behalf if it did not 🙂