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Creating and managing a Business Instant Access Savings Pot

Business Instant Access Savings Pots help you earn interest on your business money while keeping it easy to access.

You can:

  • start saving with as little as €0.01

  • withdraw money instantly with no penalties

  • hold up to €1,000,000 in Business Instant Access Savings Pots per business

  • open up to 20 Instant Access Savings Pots per account

To create a Business Instant Access Savings Pot

First, make sure you have the latest version of the Monzo app.

Then follow these steps:

  1. Open your Business account

  2. Go to Create Pot

  3. Tap Savings

  4. Follow the steps in the app

With a Business Instant Access Savings Pot, you can earn interest at the current rate shown in the app, paid monthly.

Withdrawing from your Business Instant Access Savings Pot

  1. Go to Pots

  2. Tap the Business Instant Access Savings Pot you want to withdraw from

  3. Tap Withdraw

  4. Enter the amount

  5. Confirm the transfer

Your money will be added back to your main business balance instantly.

Closing a Business Instant Access Savings Pot

  1. Tap the Business Instant Access Savings Pot you want to close

  2. Open Settings

  3. Tap the option to close it

  4. Confirm you want to close the Pot

We’ll move any money left in your Pot back to your main business balance.

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