Is Revolut a bank? Is Align?

In the UK, Revolut says Revolut Bank UK Ltd is authorized by the PRA and regulated by the PRA and the FCA, and that eligible UK-registered business accounts move to it from Revolut Ltd, an e-money institution. Its EEA pages name Revolut Bank UAB, authorized by the Bank of Lithuania and the European Central Bank. Align isn't a bank: Align Payments Ltd. is registered with FINTRAC as a money services business (N300000203), works through licensed banking partners and isn't authorized under MiCA.

The wider picture

The key points from the guide this answer comes from:

  1. Revolut Business is often the better fit for a company registered in the UK, the EEA, Switzerland, the US, Australia or Singapore that works mainly in fiat.
  2. It supports 25+ currencies and corporate cards, with published UK plans from £10 a month for Basic to £90 and up for Scale.
  3. Revolut treats crypto as a Treasury feature for buying, selling and holding, and its help center gives conflicting answers on sending and receiving crypto.
  4. Align is built for companies paid in stablecoins: money received into its named USD, EUR, GBP and AED accounts lands as USDC or USDT, or as EURC for euros.

More questions on this

The full guide

Revolut Business is often the better fit for a company registered in the UK, the EEA, Switzerland, the US, Australia or Singapore that wants cards, spend tools and published plans from £10 a month. Align fits companies paid in USDC or USDT, because money received lands as stablecoins and pays out in USD, EUR, GBP or AED (AED for companies outside the UAE) from accounts in the company's name.

Read Align vs Revolut Business: which fits a company paid in stablecoins, with its sources.

General information, not legal, tax or financial advice. Rules and providers' terms change; check the sources in the guide and take advice on your own situation.

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