Businesses Monzo can't support right now

We’re only offering Monzo Business accounts to sole traders and limited companies right now. We might change that, but it’s not likely to be soon because we’re not set up to gather and store data differently for other types of business accounts.

Business types we can’t support right now

Partnerships, including Limited Liability Partnerships (LLPs)
Limited companies by guarantee
Charities
Community interest company (CIC)
Public Limited companies (PLC)
Clubs or other non-registered organisations
Trusts or funds
Other registered business types, like an unlimited company (Unltd), industrial and provident society (IPS) or Royal Charter (RC).

Industries we can’t support, no matter your business type

currency exchanges including virtual currencies, and money services business
mining and quarrying
defence and weapons
consumer credit or lending money
dating or escort services
precious metals and stones (like jewellery)
probate and estate management
gambling and betting
weapons manufacturing and/or selling
unlicensed scrap metal
unregistered waste management
shell companies
illegal or unlicensed drugs
used automotive vehicles
bidding fee auctions
regulated or unregulated financial investment, loan, foreign exchange (FX) or banking businesses
selling or making cannabidiol products (CBD), like cannabidiol oil
certain types of manufacturing
financial and insurance activities
public administration and defence, and compulsory social security. That includes things like defence, immigration services, foreign affairs and running government programmes.
activities of extraterritorial organisations and bodies. That’s companies like the UN, involved in getting peaceful relations among nations, providing human needs and humanitarian aid, or regulating international trade.

And we don’t allow people to use Monzo Business as a client trust account. That means someone holding client or customer money in their account, on behalf of someone else, like solicitors.

If your industry isn’t mentioned above, you can apply for a business account, but a heads up: we might not accept businesses in other industries too, if we don’t think it’s appropriate.

Businesses Monzo can't support right now

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