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Business Accounts & FSCS protection

The Financial Services Compensation Scheme (FSCS) applies to your Business Account too if you have one 👍

Depending on how many people you share your business account with, it's counted slightly differently.

If you share a Business Account with another person(s), then you'll split the balance and that will go towards your limit.

Here's an example:

If you have £10,000 in a Business Account, but you share that account with another person, then £5,000 will count towards your FSCS protection.

If you had another £10,000 in your Current Account, then you'd be using £15,000 by that point.

Tap the link here to find out more on Monzo for Business! 😊

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