Revolut, the global financial superapp with more than 500,000 business customers worldwide, has today launched new fee-free USD transfers to the UK.
Revolut has taken a step closer towards borderless accounts by providing US bank details for UK customers. This allows them accept USD transfers from US customers. This saves both senders and receivers time and money as more UK B2B customers do business in the US.
The new feature enables Revolut’s Business customers to receive USD payments via the Automated Clearing House (ACH) Network, for payments up to $1,000,000. You can still use your IBAN details to receive USD payments through SWIFT.
Revolut Business customers can access their new US account details in the Revolut Business app by going to the ‘Home’ menu, selecting the USD pocket, tapping the USA flag and then selecting ‘Local’. This will display the account details that can be used by senders to deposit money into their account. This feature will be available for all UK business customers from today.
James Gibson, Director at Revolut Business, commented: “We’re delighted to bring no fee USD transfers to the UK. With so many UK-based companies doing business in the US, we’re excited to move one step closer to borderless accounts. Allowing our clients to receive payments from a foreign country without asking the sender to use SWIFT saves the sender both time and money.”