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Monzo Business Banking

It just works, so you can too

Monzo Business Banking helps small businesses stay on top of their finances. Starting at no monthly fees.

Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.

  • British Bank Awards
  • Faster Payments
  • Current Account Switching Service
  • Financial Services Compensation Scheme

What you need to know about Monzo Business bank accounts

Get better visibility and more control over all your money with a Monzo Business bank account. Less time on finances means more time for the important stuff.

We're a fully regulated UK bank

  • We're regulated by all the same rules as high street banks

  • Open a business account online, straight from your phone

  • Customers voted Monzo the 2022 Best Business Banking Provider (British Bank Awards)

  • Award-winning customer support, 24/7

You get the best of Monzo

  • Move money easily with free, instant UK bank transfers

  • Get notified the second you pay, or get paid

  • Set money aside, separate from your balance, with Pots

  • Earn interest on savings with our Instant Access Savings Pot. Ts&Cs Apply.

Built for your business

  • Give customers simple ways to pay online

  • Connect accounting tools so everything's in one place

  • Manage your business account wherever you are, with mobile and web access

  • Use separate virtual cards for each Pot you create, helping you control where you spend from with Monzo Business Pro

We're here to help, 24/7

How we help:

  • Chat to us in app any time, or call or email if you'd prefer

  • We'll answer your questions and help solve any problems you have

  • No need for branches, and no need to make an appointment

"It's nice to know when you've been paid. You know what's gone out, what's gone in, instantly."

Sally and Chris use instant notifications to:

  • Know when they're paid right away

  • Keep track of their spending

  • Stay on top of their invoices

Simple pricing, no commitment

Features
Pro
Lite
Monthly price
£5
Free
Tax Pots
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Integrated accounting
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Multi-user access
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Invoicing
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Exclusive offers
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6 months Xero free (optional)
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Virtual Cards
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Auto-exports
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Mobile and web access
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Payment links
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Card payments with Stripe
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Easy bank transfers (free till 2024)
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Business debit card
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24/7 customer support
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Free, instant UK bank transfers
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Instant Access Savings Pot
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Pots to separate money
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Instant notifications
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Budget and categorise spending
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Digital receipts
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Sole trader loans and overdrafts
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Outbound international payments
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Inbound euro payments
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Full UK Business current account
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Mobile signup and switching
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Apple Pay and Google Pay
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Fee-free spending abroad
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Manage scheduled payments
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Pay in cash and cheques
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£85,000 FSCS protection (if eligible)
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Advanced security
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Simple pricing, no commitment

Built for business

Pro

£5/m

Your business' finances, taken care of.Get Business Pro

Lite

Free

The best of Monzo, for your business.Get Business Lite
Tax Pots
More information
More information
Integrated accounting
More information
More information
Multi-user access
More information
More information
Invoicing
More information
More information
Exclusive offers
More information
More information
6 months Xero free (optional)
More information
More information
Virtual Cards
More information
More information
Auto-exports
More information
More information
Mobile and web access
More information
More information
Payment links
More information
More information
Card payments with Stripe
More information
More information
Easy bank transfers (free till 2024)
More information
More information

Including the best of Monzo

Business debit card
More information
More information
24/7 customer support
More information
More information
Free, instant UK bank transfers
More information
More information
Instant Access Savings Pot
More information
More information
Pots to separate money
More information
More information
Instant notifications
More information
More information
Budget and categorise spending
More information
More information
Digital receipts
More information
More information
Sole trader loans and overdrafts
More information
More information
Outbound international payments
More information
More information
Inbound euro payments
More information
More information

Plus the essentials

Full UK Business current account
More information
More information
Mobile signup and switching
More information
More information
Apple Pay and Google Pay
More information
More information
Fee-free spending abroad
More information
More information
Manage scheduled payments
More information
More information
Pay in cash and cheques
More information
More information
£85,000 FSCS protection (if eligible)
More information
More information
Advanced security
More information
More information

We charge £1 to pay in cash at PayPoint. And for countries outside the European Economic Area, you can take out £200 cash for free every 30 days. After that, we charge 3%. These charges cover our costs for these services and everything else is included in the plan price. No hidden fees.

Instant Access Savings landing page image

Put your spare money to work earning interest

Use Savings Pots to:

  • Put your spare money to work, earning 1.60% AER interest (variable) paid monthly with no minimum deposit and a maximum £100,000 balance (Ts&Cs apply)

  • Automatically set aside money for unplanned business expenses, a big purchase, or to reinvest in your business

  • Withdraw money instantly when you need it most

Choose what to set aside for tax

Use Tax Pots to:

  • Automatically set a percentage of your income aside when you're paid

  • Neatly separate your money, all in one bank account

  • Stop worrying about saving, and spend more time on your business

  • Only available on Monzo Business Pro for £5 a month

Xuan Hou, co-founder of Target Tuition use Monzo Business bank account to get paid the easy way.

Get paid, the easy way

Target Tuition use a Monzo Business bank account to:

  • Create payment links or invoices in a few taps

  • Offer customers simple ways to pay by card or easy bank transfer

  • Save time on admin with all your payments in one place

A screen of the Monzo App showing the Connect account tooling screen. It shows Xero, FreeAgent and Quickbooks.

Automate accounting with tools you already use

Integrate accounting tools like Xero, FreeAgent and QuickBooks to automatically share your balance and transactions every day with Monzo Business Pro.

If you use other tools, or don’t use any, easily export a file of your transactions or statements (CSV, PDF or QIF) whenever you need to. We’ll never share your data with anyone else unless you agree to it, or ask us to.

With Monzo Business Pro, new Xero users can get 6 months of the cloud accounting platform free (terms apply). Learn more.

Loans for businesses

Eligible sole traders can get a loan up to £25,000. We can only offer you one loan across both your personal and business accounts.

We don’t offer loans to limited companies.

Seeing if you’re eligible won’t leave a mark on your credit file. There are no lengthy forms to fill and no charges for paying us back early.

If you’re eligible, our representative APR for loans of more than £10,000 and up to £25,000 is 16.7% APR. For loans up to £10,000 it’s 29.4% APR

You need to be 18+ to apply. Ts&Cs apply.

Overdrafts for businesses

Eligible sole traders can get an overdraft up to £2,000. We can only offer you one overdraft across both your Personal and Business accounts.

We don’t offer overdrafts to limited companies.

Seeing if you’re eligible won’t leave a mark on your credit file and we won’t charge you any extra fees for going into your overdraft.

How does our overdraft compare? Our representative APR enables customers to compare the costs associated with the different credit products.

As a representative example, if you use an arranged overdraft of £1,200 for 30 days, with 39.0% EAR/APR (variable), it would cost you £32.94. 39% APR representative (variable)

You need to be 18+ to apply. Ts&Cs apply.

"The team has access. We know who paid what and when. Monzo's allowed us to have transparency."

The Malt Films team uses multi-user access on Monzo Business pro to:

  • Manage their finances together

  • Improve visibility across the business

  • Split up their workload, especially if someone's away

Meet the people behind the businesses

Monzo Business lets them get on with what they love: running their business.

"Having Monzo Business in my pocket gives me confidence every day."

Kyle Welsby

Director, MeKyle LTD

Software engineering | Manchester, UK

WebsiteLinkedIn

"It's been so straightforward, and it just works, which is great."

Sara and Sean McArdle

Owners, Marquis of Granby

Pubs and breweries | Nottinghamshire, UK

WebsiteInstagram

"You can do a quick switch to Monzo from your old bank account, in the app."

Matt Navarra

Social media consultant

Digital marketing | Wales, UK

WebsiteLinkedIn

Your questions, answered

Check if you're eligible

You can apply for a business bank account if you’re a sole trader or a registered limited company by shares (Ltd), based in the UK, and if you're an Ltd also a tax resident only in the UK.

Head to our eligibility criteria for more detail on businesses and industries we can and can’t support at the moment.

Your eligible deposits are protected

If you're a sole trader or a small business your eligible deposits may be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person. 💰 To learn more about the businesses and deposits that are eligible, see here

Sign up straight from your phone

We’ll ask some questions about your business to see if you’re eligible.

If you have a Monzo Current Account, apply in your app. If you don’t have a Monzo Current Account, sign up in these 3 steps.

Let's talk business

Ideas for everything from getting started, to taking your business to the next level

Independent service quality survey results

Published August 2023

As part of a regulatory requirement, independent surveys were conducted to ask customers of the largest business current account providers in Great Britain if they would recommend their provider to friends and family. The results represent the view of customers who took part in the survey.

Get started with Monzo Business today

Over 300,000 business owners have already changed the way they bank. Sign up online to join them.

Learn more about all the tools that help them get back to business.