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How to Cancel Revolut Business

Closing Revolut Business requires transferring all funds and cancelling standing orders first. The process is completed entirely within the app and takes 1-2 business days once confirmed.

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Quick Facts

Cancel online?
Yes
Pause option?
No
Refund policy
No closure fees. All remaining balances must be transferred out; funds are not refunded or retained.
After cancellation
Revolut retains transaction records for 7 years for regulatory compliance. You lose app access after closure but can request data via GDPR.

Cancellation Steps

Go directly to Revolut Business cancellation page

  1. Sign in as Account Administrator

    Open the Revolut Business app and log in with your administrator credentials to access closure options.

  2. Go to Settings and find Close Account

    Tap the menu icon, select Settings > Account > Close Account and review the pre-closure checklist.

  3. Transfer all funds to an external account

    Use the Transfer Money function to withdraw all currency balances before closure can proceed.

  4. Cancel standing orders and confirm closure

    Cancel all direct debits and standing orders, download your statements, then confirm closure in the app.

Tips & Things to Know

  • Withdraw all multi-currency balances - ensure GBP, EUR, USD and other currencies are transferred out.
  • Cancel standing orders 5-7 days early through the Payments section to avoid closure delays.
  • Download all statements and invoices before closing - you won't have app access after termination.

Your Consumer Rights

  • Consumer Rights Act 2015 protects UK users of Revolut Business services.
  • Financial Conduct Authority (FCA) regulates Revolut Business accounts in the UK and Ireland.

Frequently Asked Questions

Can I close Revolut Business anytime without penalties?
Yes, there are no closure fees. You must transfer all funds and cancel standing orders first. Closure completes within 1-2 business days.
Will I get a refund if I close Revolut Business?
No refunds are issued. Basic accounts have no fees. Withdraw your remaining balance to an external account before closure.
What happens to my transaction history after closure?
Revolut keeps records for 7 years for compliance. Download all statements before closing - you'll lose app access after termination.
How long does account closure take?
Closure typically takes 1-2 business days after confirmation. Delays occur if balances remain, standing orders exist, or transactions haven't cleared.
Can I reopen a closed Revolut Business account?
No. You must apply for a new account if needed. Previous closure due to compliance issues may affect approval.

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