Revolut is enhancing its presence in Switzerland by introducing flexible money market funds and virtual Swiss IBANs tailored for business clients.
In an exciting development for the Swiss business landscape, Revolut has announced the launch of a product suite designed to empower companies with new financial tools. By offering flexible money market funds in multiple currencies and virtual Swiss IBANs, Revolut aims to enhance financial management for businesses of all sizes.
Starting immediately, Swiss customers using Revolut Business accounts—specifically those on Grow, Scale, or Enterprise subscriptions—can diversify their liquidity investments. Available in euros, US dollars, and British pounds, this offering democratizes access to financial products that were once primarily available to large corporations.
Revolut highlights the attractive yield of its GBP-denominated fund, which offers variable returns of up to 4.08 percent (as of April 27, 2025). “This innovative fund allows business clients to grow their assets effectively,” stated Revolut in their announcement.
In addition to flexible funds, Revolut is now providing virtual Swiss IBANs to streamline payment processes for businesses. The key features of this service include no costs for deposits and withdrawals, daily yield payouts, and convenient access to funds. James Gibson, Head of Revolut Business, expressed enthusiasm about these offerings, stating, “We are excited to support businesses of all sizes in managing their money efficiently and without high fees.”
Revolut’s expansion into Switzerland is backed by impressive growth metrics. The company reports nearly 80 percent increase in monthly transaction volumes and a 63 percent rise in business deposits, reflecting a strong demand for its services among local enterprises.
While Revolut is rolling out a broader range of services, such as FX forwards and enhanced integration with Swiss accounting software, the reception of foreign currency money market funds remains uncertain amid current market volatility. Over the past year, the Swiss franc has appreciated against major currencies, with the US dollar dropping approximately 9.5 percent against the franc, and the euro and pound also seeing declines.
As Revolut continues to innovate, its new offerings stand to significantly impact the retail sector in Switzerland by providing businesses with cost-effective financial solutions. This expansion not only aligns with current consumer trends favoring digital banking but also reflects a broader shift in how companies manage their finances in an increasingly volatile economic environment.
