Business banking made easy

Choose a Business Lite account for free, or Business Pro for £5 a month

Only sole traders or limited company directors in the UK can apply. Ts&Cs apply.

Banking that works around your business

Get ahead on your finances, so you can get back to running your business.

Tax Pots

Choose a percentage to automatically set aside for tax, every time you’re paid. No more worrying if you've remembered to set aside money every week, and no more shifting around between accounts to see where your money is. Available on Monzo Business Pro.

Get paid

We’ve taken every part of getting paid and put it in your Monzo Business account. Send payment links, deposit your cheques using the app, or send invoices. Turn hours of admin into a few taps and give your customers flexible ways to pay in 40+ curencies, including euros. Invoices available on Monzo Business Pro.

Mobile and web access

Manage your account from your phone or computer with mobile and web access. Your account’s protected, and available wherever you are. Available on Monzo Business Pro and Monzo Business Lite.

Multi-user access

Manage finances with others by adding up to two people to access the account. Available with Monzo Business Pro for limited companies and sole traders.

Integrated accounting

Sync with Xero, Freeagent or Quickbooks, or you can auto-export your transactions, bank statements and invoices to Google. Share access with those who need it, and say goodbye to manually sharing this information. Available on Monzo Business Pro.

24/7 customer support

We're right here in the app, 24/7. No need to make an appointment or wonder when you'll hear back. Our team is here to help whenever you need. Available on Monzo Business Pro and Monzo Business Lite.

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Put your spare money to work earning interest

Use Savings Pots to:

Put your spare money to work, earning 1.60% AER interest (variable) paid monthly with no minimum deposit and a maximum £100,000 balance (Ts&Cs apply)
Automatically set aside money for unplanned business expenses, a big purchase, or to reinvest in your business
Withdraw money instantly when you need it most

More about Savings Pots

Loans for businesses

Eligible sole traders can get a loan up to £25,000. We can only offer you one loan across both your personal and business accounts. We don’t offer loans to limited companies.

Seeing if you’re eligible won’t leave a mark on your credit file. There are no lengthy forms to fill and no charges for paying us back early.

Our Representative APR for loans of more than £10,000 and up to £25,000 is 14.8% APR. For loans up to £10,000 it's 28.9% APR. The loan terms vary depending on the amount you borrow.

For Representative APR 14.8%: If you borrow £18,950 over 60 months, at a simple annual interest rate of 13.9% (fixed), the total amount you'll repay is £26,380.35

For Representative APR 28.9%: If you borrow £4,950 over 30 months, at a simple annual interest rate of 25.8% (fixed), the total amount you'll repay is £6,704.91

You need to be 18+ to apply. Ts&Cs apply.

Explore sole trader loans

Overdrafts for businesses

Eligible sole traders can get an overdraft up to £2,000. We can only offer you one overdraft across both your Personal and Business accounts. We don’t offer overdrafts to limited companies.

Seeing if you’re eligible won’t leave a mark on your credit file and we won’t charge you any extra fees for going into your overdraft.

Our Representative EAR is 39.0% (variable). Monzo does not apply charges for using your overdraft. The interest on your overdraft will be calculated daily on the overdrawn balance and added monthly. We offer three different rates of interest: 19.0%, 29.0%, or 39.0%. Most customers are offered 39.0%.

You need to be 18+ to apply. Ts&Cs apply.

Explore Sole Trader Overdrafts

A fully regulated UK bank

With a Monzo Business Account, you can:

Get a business debit card (for all users)
Move money easily with free, instant bank transfers (UK only)
Manage your Direct Debits in one place

How we compare with other banks

We've chosen a selection of high street and digital-first banks that offer similar business accounts to ours:

Starling Bank Business Current Account (Zero Fees), Barclays Business Account (up to £400k), HSBC Small Business Banking Account, and NatWest Business Account

Correct as of 15/12/23

Features

Zero monthly fees

Full UK current account with debit card

Instant UK bank transfers

Unlimited, fee-free UK bank transfers

100% mobile sign up

Mobile and web access

FSCS protection on eligible deposits

24/7 Human customer support

Fee-free spending abroad

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