Revolut Business lets UK companies accept payments from US clients without costs.

Revolut, a fintech app, has launched fee-free USD transfers to the UK.

The new feature of Revolut allows UK businesses get access to US bank details so they may accept USD transfers from US-based consumers, apps, and marketplaces for free. Senders save time and money as more UK B2B customers trade with the US.

Revolut's Business customers can now receive up to $1,000,000 over the ACH Network. SWIFT users can still receive USD payments via IBAN.

Revolut Business customers can access their new US account data by heading to the 'Home' menu, selecting the USD pocket, touching the USA flag, and selecting 'Local' This shows the sender's account information. Today, all UK corporate customers will have access.

Revolut Business director James Gibson said:

“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.” 

Last month, the company introduced a new 'spend management' feature that allows customers to issue unlimited physical and virtual cards to their teams and monitor their usage.

In February, it added salary calculations, taxes, pensions, and pay runs.

Revolut Business customers can accept payments in up to 28 currencies.