Business bank account
A UK business bank account that makes life easier for you, and your customers.
Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
Fully regulated UK bank
By the Financial Conduct Authority and the Prudential Regulation Authority, just like other banks.
24/7 customer support
In-app chat managed by friendly, real people with the option to call or email us if you need to.
Apply in minutes
92% of business accounts are opened the same day. Apply online or download the app.
A business bank account packed with everything you need
Everyday business banking essentials, time-saving tools, team spending controls and our signature money management features.
FSCS protection
Your eligible deposits may be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. Learn more.
Pay and get paid
Cheques, cash, in-person, online, and contactless. By payment terminal, payment links and QR codes, invoices and more.
Tax and accounting tools
Let the bookkeeping take care of itself by connecting Xero, Freeagent or Quickbooks so you can spend time on other things.
Spending and expenses
With expense cards for people who need them and the option to approve payments over certain limits for everyone on your team.
Loans and overdrafts
Overdrafts and loans for eligible sole traders with a Monzo Business account, 18+, Ts&Cs apply.
Interest earning savings
Earn up to 1.60% AER interest (variable) on your spare money. Interest paid monthly with no minimum deposit. Ts&Cs apply.
Britain’s Best Business Banking Provider 2024
And the Most Recommended Business Account for Overall Service Quality.
Independent service quality survey results
Published August 2024
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.
Different plans to suit your... plans
Free business bank account available
Your Monzo Business Account comes with our free Lite plan as standard with the freedom to upgrade to Pro or Team depending on what’s right for you.
Pro is £9 per month. Team starts at £25 a month.
Ts&Cs apply.
Time saving expense cards
Claim back lost time with employee expense cards you can set limits and controls for.
Let selected team members spend up to limits and save everyone from endless expense admin. Receipts, reasons for spending and VAT rates are all captured in the app for you to check.
Available with Team, starting from £25 a month.
Turn the tables on tax
Choose to automatically put a percentage aside for tax and other big bills every time you get paid.
No more forgetting to save for your tax bill, and no more moving between accounts to see where the money’s coming from.
Tax Pots are available with Pro and Team which start from £9 a month.
Online business banking at its best
On your phone
We know running a business means you're often on the go, which is why you can do everything you need to do in the Monzo app.
Or on the big screen
Our web app is a light version of the Monzo Business experience on your phone. It can't do everything (yet!) but you can still do the essentials.
Peace of mind for you. Front of mind for us.
Safety first features that let you get on with the day-to-day and sleep well at night. Like call status, that tells you if it’s really us you’re talking to on the phone and not a fraudster.
Don't take our word for it
"I can spend more time doing the things I enjoy, which is why I started my business in the first place."
Matt Navarra
Social media consultant
Digital marketing | Wales, UK
"I used to spend a lot of time doing accounts. Now, it's instant."
Olivia Estebanez
Director, Oui Digi
Photographic rental agency | London, UK
Common questions
Do I need a business bank account?
You need a business account if you’re a limited company.
Limited companies are considered a separate legal entity to you. If you’ve started a limited company, the money that company makes belongs to the company. This means you'll need to separate your own finances from the business', so you’ll need a business bank account.
How do I open a business bank account?
You can apply for a Monzo Business bank account online or by downloading the app
How long does it take to open a business bank account?
Apply for a Monzo Business bank account in minutes, 91% of business accounts are opened the same day.
Can you open a business bank account online?
You can apply for a Monzo Business bank account online or by downloading the app.
Who can open a business bank account?
You can view our eligibility criteria here to see if you are eligible for A Monzo Business bank account.