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Packed with everything you need

Make running your business feel like walking in the park.

British Bank Awards Best business banking provider Winner 2024Current Account Switch GuaranteeFinancial Services Compensation Scheme Protected

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

All things, all together

Get paid the easy way

Give customers options while saving yourself time and effort. Even create and send invoices with Pro and Team, which start from £5 a month.

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Pay people easily

From staff to suppliers and everyone in between, including bulk payments for making multiple payments in one go with Team from £25 a month.

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Tax and accounting

Connect your accounting software and automatically put money aside for tax with Pro and Team, which start from £5 a month.

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Spending and expenses

Let your team spend up to limits that you set for them before they need approval, while you save time spent on admin. Available with Team from £25 a month.

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Loans and overdrafts

Overdrafts and loans for eligible sole traders with a Monzo Business account, 18+, Ts&Cs apply.

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Mobile and web access

Manage your business’ finances any time, from anywhere: at home, in the office or shop, and when you’re out and about.

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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.

Invoicing that works for everyone

Invoices that are simple to create and customise, send, chase and pay.

Create them in the app or on the web and give customers different ways to pay them.

Available with Pro and Team which start from £5 a month.

Make multiple payments in one go

Paying employees or suppliers doesn't have to mean copying across individual payment details or approving each and every payment.

Uploading your payee details, rather than entering them manually, makes sure that your important payments go through properly.

Bulk payments are available with Team, which starts from £25 a month. Ts&Cs apply.

Let the bookkeeping take care of itself

Connect accounting tools Xero, Freeagent and Quickbooks so you know all your spending’s properly documented. Letting you spend time on other things.

Available with Pro and Team which start from £5 a month.

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

How we compare with other banks

We've chosen a selection of high street and digital-first banks that offer similar business accounts to ours:

Starling Bank Business Current Account (Zero Fees), Barclays Business Account (up to £400k), HSBC Small Business Banking Account, and NatWest Business Account


Based on publicly available info on 18/09/24

Features
Zero monthly fees
A UK current account with a debit card
Up to £85,000 FSCS protection on eligible deposits
Full mobile signup
24/7, human customer support
Unlimited, fee-free instant UK bank transfers
Payment links
Accept payments with Tap to Pay
Fee-free spending abroad
Apple Pay and Google Pay
Instant access savings
Pots to separate money
Automatic tax budgeting
Auto-export transactions, statements and invoices
Invoicing
Virtual cards
Connected accounts
Team access levels
Payment approvals
Expense cards and management
Multi user access levels
Bulk payments
Integrated accounting
Exclusive offers (like 6 months free Xero)
Budgeting, categorised spending and digital receipts
Sole trader loans and overdrafts (if eligible)
Deposit cash and cheques
Mobile and web access
Instant notifications
International payments (outbound and inbound)
Lite
Pro (£5/m)
Team (£25/m)
Starling
Barclays
HSBC
NatWest

Lite
Pro (£5/m)
Team (£25/m)
Starling
Barclays
HSBC
NatWest
Zero monthly fees
A UK current account with a debit card
Up to £85,000 FSCS protection on eligible deposits
Full mobile signup
24/7, human customer support
Unlimited, fee-free instant UK bank transfers
Payment links
Accept payments with Tap to Pay
Fee-free spending abroad
Apple Pay and Google Pay
Instant access savings
Pots to separate money
Automatic tax budgeting
Auto-export transactions, statements and invoices
Invoicing
Virtual cards
Connected accounts
Team access levels
Payment approvals
Expense cards and management
Multi user access levels
Bulk payments
Integrated accounting
Exclusive offers (like 6 months free Xero)
Budgeting, categorised spending and digital receipts
Sole trader loans and overdrafts (if eligible)
Deposit cash and cheques
Mobile and web access
Instant notifications
International payments (outbound and inbound)

24/7 customer support

No need for branches, and no need to make an appointment. Our team is here to help whenever you need.

We know that your work doesn't always end at 5pm, so we don't either. Chat to us in the app whenever you need to, 24/7.

Join 500,000+ businesses today

That’s more than half a million UK businesses already changing the way they bank. Sign up or switch to Monzo Business if you have a business account elsewhere.