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Are any industries ineligible for a Revolut Business account?

You cannot use Revolut Business account to process client money (regardless of your business type). You cannot hold, exchange, transfer or manage client funds in a Revolut Business account.

Client funds refer to any money that still belongs to your customers (i.e. funding accounts). Any money you deposit from customers must be in the form of earnings you've received from customers in exchange for a service or product (i.e. profits).

You cannot open or hold a Revolut Business account if you carry out any sort of business or activity related to the following areas:

  • Armaments, nuclear, weapons or defence manufacturers
  • Adult entertainment/Pornography
  • Auction houses
  • Cannabinoids (THC, CBD, CBN)
  • Chemicals and allied products not elsewhere classified*
  • Crowdfunding platforms
  • Cryptocurrency firms**
  • Consulates
  • Dating escort services
  • Diplomatic Offices
  • Gambling
  • Embassies
  • Equity/mutual funds and other investment funds
  • Fake goods/counterfeit consumer products
  • Fine art dealers
  • Foundations
  • Funds (including venture capital funds)
  • Non-profit organisations
  • Pawnbrokers
  • Pension schemes
  • Political organisations and institutions
  • Precious metals & stone dealers
  • Quasi-cash merchants
  • Religious organisations
  • Registered and unregistered charities
  • Second-hand car dealers
  • Second-hand heavy construction equipment dealers
  • Special Purpose Vehicle/Special Purpose Entity (SPV/SPE)
  • Streaming companies (companies getting donations from viewers)
  • Trusts
  • Video game arcade
  • Unregulated FX businesses
  • Unregulated loan businesses
  • Unregulated money services businesses
  • Unregulated remittance business

*We can not onboard any business (in any country) that:

  • Produces, owns, sells, distributes, or supplies original materials to produce any goods that is on UK’s Strategic Export Control Lists. Use this page to check the list.
  • Produces, owns, sells, distributes, or supplies original materials to produce any goods that are not on the Control Lists, but a general licence is required under End-Use Controls.
  • Sectors that may be subject to sanction such as petroleum industry – the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products.

**Accepted cryptocurrency firms:

  • Companies that use blockchain technology
  • Companies that accept/pay with crypto currency

**Unaccepted cryptocurrency firms:

  • Companies that process funds to/from crypto exchanges
  • Companies that are related to crypto trading (e.g. an exchange, a broker, an ICO specialist)