Revolut vs HSBC — Pricing, Fees & B2B Features Compared (2026)

HSBC provides trade finance, letters of credit, and dedicated relationship managers for large corporate clients — products that Revolut doesn't offer. Revolut Business provides multi-currency accounts, instant FX conversion at 0.4–1%, corporate cards, and expense management — tools HSBC charges premium fees for or doesn't offer in a self-service format. For businesses that need trade finance instruments, HSBC is still necessary. For businesses that primarily need to convert currency and pay international suppliers quickly and cheaply, Revolut saves thousands per year in fees and hidden FX markup.

Quick Verdict

Revolut offers all-in-one digital banking and FX; HSBC offers branch network and trade services.

Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.

Regulated by
Bank of Canada
PSP under RPAA
Registered with
FINTRAC
MSB: C100000159
Client funds held in
Segregated Tier-1 accounts
Never co-mingled
Published pricing
0.5% spread + £5
No hidden markups. Ever.

These aren't marketing claims — they're regulatory requirements we meet daily.

Quick comparison

FeatureRevolutHSBCUnicorn Currencies
Currencies30+Multiple35+
FX / FeesMid-market + fee (check provider for current pricing)Typically 2–4% above mid-market for FX (check with bank)Up to 70% cheaper vs traditional US banks
Monthly feeFree and paid tiersAccount and service fees applyNo monthly fee
Settlement1–2 business days2–5 business days (SWIFT)Same-Day
Local accountsMultiple currenciesYes (via branch network)with a local US bank account
RegulationFCA authorised (UK), various jurisdictionsFCA, global banking licencesFINTRAC registered · Bank of Canada RPAA registered
Best forSMEs wanting all-in-one business banking and FXBusinesses with existing HSBC relationship and complex banking needsB2B import/export, £1M++ annually

Verdict

Revolut offers all-in-one digital banking and FX; HSBC offers branch network and trade services.

Frequently asked questions

Can I get better FX than my bank with a B2B specialist?

Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper than high-street banks — while providing the compliance, security, and dedicated support that banks offer. Unlike consumer platforms, Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.

Which platform is best for businesses processing £1M+ in annual FX?

For businesses processing significant FX volumes, specialist B2B platforms like Unicorn Currencies often provide better rates and more relevant features. Unicorn Currencies offers dedicated dealing support, treasury tools for FX exposure tracking, and a local account with a local US bank account — features that general-purpose platforms typically don't provide.

Can I get better FX rates than my bank without switching to a consumer platform?

Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper vs traditional US banks — while providing the compliance, security, and dedicated support that banks offer. Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.

Looking for a B2B alternative to both?

Unicorn Currencies is purpose-built for importers and exporters. Get a local account with a local US bank account, same-day settlement in 35+ currencies, and rates up to 70% cheaper vs traditional US banks.

FINTRAC registered · Bank of Canada RPAA registered.