Know the numbers at any moment
With data flowing between Monzo and Xero, you can see exactly how the numbers add up in real time. Less time chasing numbers, more time crunching them.
Manage tax and accounting
Turn the tables on tax and accounting
Let tax tick away in the background. Set money aside automatically and sync with your accounting software so you’re always up to date.
Only sole traders or limited company directors in the UK can apply for a business account. Ts&Cs apply. Features vary by plan, starting from £9 a month.
The App Store, Google Play Store, and Trustpilot ratings are correct as of August 2026.
Banking meets bookkeeping
Manage your tax and accounting right where your money is.
Let the books keep themselves
Automate the paperwork, focus on the proper work. Transactions ready-categorised, with receipts attached, helping you filter out what’s a deductible expense and what’s not.
Be ready for the bill
Automatically put a percentage aside for tax and other big bills every time you’re paid, so you know what’s safe to spend and what’s not.
Making Tax Digital software. It’s in the bank.
File income tax straight from Monzo to HMRC. Free, HMRC-recognised and built into all of our plans as standard.
Get a real-time estimate of your tax bill throughout the year, as well as reminders of all the deadlines to help keep you on track.
How it works
Free your finance team or accountant to work smarter, not harder.
Tools that talk to each other
Get your balance and transactions working in sync, not silos, by integrating your accounting software of choice. Monzo Business connects with Xero, FreeAgent, Sage and QuickBooks.
All exported and sorted
No more having to download, store and share your documents. We’ll automatically file away transactions, invoices and statements for you.
Money set aside for tax
Automatically separate a slice of your income, so you’re never caught out and know exactly what’s safe to spend.
Free Xero accounting software for 6 to 8 months
Together, Monzo and Xero match up the numbers, so you aren’t playing catch up.
Go Pro and get 6 months’ free Xero. Pick Team and get 8 months’ free Xero. Available until 31 May 2027 for new Xero customers only. Ts&Cs apply.
Explore more
Learn something new on your commute or coffee break.
Apply in minutes
90% of accounts are open for business the same day. Apply online or contact sales today.
Stay switched on while you switch business bank account
Continue to make and take payments while the Current Account Switch Service (CASS) moves you over to Monzo.
Step 1
Apply for Monzo Business
You must be a sole trader or limited company director in the UK. Check out our eligibility page for the full details of what kinds of businesses we can support right now.
Step 2
Tell us when you want to move
You set the date.
Step 3
Let us do the rest in 7 working days
Money, Direct Debits and standing orders will all be moved over for you. We’ll also redirect your incoming payments, salary included, and close your other bank account.
Questions? Answers.
How does Monzo help me prepare for tax season?
Monzo helps you get ready for tax season by letting you tag expenses, add notes, and upload receipts as you spend. You can automatically put money aside into a Tax Pot for your tax bill, and export statements any time. You can also sync your bank account with accounting software like Xero, so your records stay accurate and up to date. Tax Pots and integrated accounting are available with Pro and Team, which start from £9 a month. Ts&Cs apply.
Which tax and accounting features are included in Lite?
With our free Lite plan, you get HMRC-approved software for Making Tax Digital built in. This means you can file income tax straight from Monzo to HMRC every quarter and again at the end of the year. You can also take photos of receipts and add them to your expenses, making those quarterly updates even easier.
Which additional features do I get with Pro and Team?
With Pro and Team, you can integrate your business bank account with Xero, FreeAgent, Sage or QuickBooks. You can also turn on auto-exports and we'll automatically add transactions, statements and invoices to Google Drive, Google Sheets or Microsoft OneDrive. On top of that, you can set up a Tax Pot and automatically save for tax every time you’re paid. Get the full breakdown of our plans and pricing. Pro and Team start from £9 a month. Ts&Cs apply.
Does Monzo Business support Making Tax Digital (MTD) submissions to HMRC?
Yes, all of our plans are Making Tax Digital ready, including our free business bank account. Our MTD software is free, HMRC-recognised and built into your bank, so you can file straight from Monzo to HMRC. No juggling multiple tools and login details.
Which accounting software platforms integrate with a Monzo business bank account?
You can integrate your Monzo Business Bank Account with accounting software like Xero, FreeAgent, Sage or QuickBooks. There's no need to switch between tools or manually upload statements. Integrated accounting is available with Pro and Team, starting from £9 a month. Ts&Cs apply.