Monzo Business Account
Join over 400,000 small businesses already with us. Starting at no monthly fees. Apply in minutes today.
Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.
What you need to know about Monzo Business bank accounts
Apply for an account in minutes
Get started with Monzo Business today
Starting at zero monthly fees
Get better visibility and control over your money, starting at no cost.
We're a fully regulated UK bank
We're authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Loved by businesses
Customers voted Monzo the Best Banking App for 2023 (British Bank Awards).
Simple pricing, no commitment
Features
Pro
Lite
Monthly price
£5
Free
Tax PotsMore information
More information
Integrated accounting
More information
More information
Multi-user accessMore information
More information
InvoicingMore information
More information
Exclusive offersMore information
More information
6 months Xero free (optional)More information
More information
Virtual CardsMore information
More information
Auto-exportsMore information
More information
Connect other accountsMore information
More information
Mobile and web accessMore information
More information
Payment linksMore information
More information
Accept contactless payments (with Tap to Pay)More information
More information
Card payments with StripeMore information
More information
Easy bank transfers (free till 2025)More information
More information
Business debit cardMore information
More information
24/7 customer supportMore information
More information
Free, instant UK bank transfersMore information
More information
Instant Access Savings PotMore information
More information
Pots to separate moneyMore information
More information
Instant notificationsMore information
More information
Budget and categorised spendingMore information
More information
Digital receiptsMore information
More information
Sole trader loans and overdrafts (if eligible)More information
More information
Outbound international paymentsMore information
More information
Inbound international paymentsMore information
More information
Full UK Business current accountMore information
More information
Mobile signup and switchingMore information
More information
Apple Pay and Google PayMore information
More information
Fee-free spending abroadMore information
More information
Manage scheduled paymentsMore information
More information
Pay in cash and chequesMore information
More information
Up to £85,000 FSCS protection on eligible depositsMore information
More information
Advanced securityMore information
More information
Simple pricing, no commitment
Built for business
Tax Pots
Tax PotsChoose a percentage to automatically set aside for tax, every time you’re paid.
More information
More information
Integrated accounting
Integrated accountingIntegrate with Xero, Freeagent or Quickbooks, or you can auto-export your transactions, statements and invoices to Google.
More information
More information
Multi-user access
Multi-user accessManage finances with others by adding up to two people to access the account.
More information
More information
Invoicing
InvoicingCreate, send and track invoices, in the app and on the web.
More information
More information
Exclusive offers
Exclusive offersSave time and money with offers for your business.
More information
More information
6 months Xero free (optional)
6 months Xero free (optional)New users: get the cloud accounting platform for 6 months free. up to £330 value. T&Cs apply.
More information
More information
Virtual Cards
Virtual CardsUse up to 5 virtual cards to spend from your main account or for each pot your create, helping you control where you spend from.
More information
More information
Auto-exports
Auto-exportsWith auto-exports, we'll add transactions to a Google Sheet as they happen. We can also automatically save monthly bank statements and paid invoices to Google Drive for you. Keep them in a folder for yourself, or share with whoever needs to see them - like an accountant.
More information
More information
Connect other accounts
Connect other accountsGet a single view of your finances by connecting your other bank accounts and credit cards.
More information
More information
Mobile and web access
Mobile and web accessManage your money at home, in the office and on the go.
More information
More information
Payment links
Payment linksYour payment details prefilled in a custom link.
More information
More information
Accept contactless payments (with Tap to Pay)
Accept contactless payments (with Tap to Pay)We've partnered with Stripe so you can accept contactless payments. All you need is your compatible iPhone or Android™ device. Stripe’s fees and Ts&Cs apply.
More information
More information
Card payments with StripeLet customers pay by card or Apple Pay & Google Pay. Stripe’s fees and Ts&Cs apply.
More information
More information
Easy bank transfers (free till 2025)
Easy bank transfers (free till 2025)Let customers pay straight from their bank – no need to type out payment details.
More information
More information
Including the best of Monzo
Business debit card
Complete with a navy blue finish and hot coral core.
More information
More information
24/7 customer support
24/7 customer supportHuman help in the app, 24/7.
More information
More information
Free, instant UK bank transfers
Free, instant UK bank transfersSend and receive UK bank transfers, fee-free.
More information
More information
Instant Access Savings Pot
Instant Access Savings Pot1.60% AER (variable) Interest paid monthly, no minimum deposit, maximum £100,000 balance, Ts&Cs apply
More information
More information
Pots to separate money
Pots to separate moneyNeatly separate your money to suit your business, all in one account.
More information
More information
Instant notifications
Instant notificationsGet notified the second you pay, or get paid.
More information
More information
Budget and categorised spending
Budget and categorised spendingBreak down your spending with monthly budgets and transaction categories.
More information
More information
Digital receipts
Digital receiptsAdd receipts to payments while you’re on the go.
More information
More information
Sole trader loans and overdrafts (if eligible)
Sole trader loans and overdrafts (if eligible)Overdrafts up to £2,000 and loans up to £25,000 for eligible sole traders. Ts&Cs apply.
More information
More information
Outbound international payments
Outbound international paymentsInternational transfers to 70+ countries. Powered by Wise. Fees apply.
More information
More information
Inbound international payments
Inbound international paymentsWe charge a 1% fee that’s capped at £1,000 per transaction and it’s the same for all 40+ accepted currencies including EUR. It’s free to receive GBP. That’s it – no other sneaky fees or extra charges.
More information
More information
Plus the essentials
Full UK Business current account
Because we're a UK fully regulated bank.
More information
More information
Mobile signup and switching
Mobile signup and switchingOpen a full bank account from your phone. Switch from your old bank, hassle-free.
More information
More information
Apple Pay and Google Pay
Apple Pay and Google PayPay with your phone, on the go.
More information
More information
Fee-free spending abroadWe don’t mark up the exchange rate, unlike some other banks.
More information
More information
Manage scheduled payments
Manage scheduled paymentsKeep track of all your scheduled payments in one place.
More information
More information
Pay in cash and cheques
Pay in cash and chequesDeposit cheques up to £500 in-app and deposit cheques over £500 by post. Pay in cash at Post Offices and PayPoints across the UK for £1, up to £1,000 every 6 months.
More information
More information
Up to £85,000 FSCS protection on eligible deposits
Up to £85,000 FSCS protection on eligible depositsIf 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. To learn more about the businesses and deposits that are eligible, see fscs.co.uk
More information
More information
Advanced securityPayment approval and card freezing. Plus fingerprint, face and PIN protection.
More information
More information
We charge £1 to pay in cash at PayPoints and Post Offices across the UK. 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.
Independent service quality survey results
Published February 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.
Your questions, answered
Check if you're eligible
You can apply for a Business Bank Account if you're a UK based sole trader or director of a UK limited company.
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. 💰 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.