Fee information

These are the fees for using the Monzo Business account.

Maintaining the account (Team): €20 / month

Each additional member after first 6 members (Team): €5 / month

Maintaining the account (Pro): €7 / month

Maintaining the account (Lite): €0

Refusing a payment due to lack of money: €0

Allowing a payment despite lack of money: €0

Direct Debit: €0

Standing Order: €0

Sending money within the SEPA area (information on SEPA) (Credit transfer): €0

Receiving money in euro (EUR): €0

You may have to pay other costs, taxes or charges related to your Monzo account, which are outside of our control and not charged by us. For example, other banks may charge you for sending money to your Monzo account.

Cash withdrawals: For Lite: First €300 in a rolling 30-day period free, 2.5% after that, with a minimum fee of €1

For Pro and Team: First €600 in a rolling 30-day period free, 2.5% after that, with a minimum fee of €1

Using a debit card for purchases in euro: €0

Using a debit card for purchases in foreign currency: €0

Government Stamp Duty

We have to collect the following Government charges from you.

Debit Cards: Government Stamp Duty will be charged at a rate of €0.12 per ATM withdrawal transaction.

This charge is capped at €2.50 if you only use your debit card for ATM withdrawal transactions, and is capped at €5 if you use your debit card for both purchases and ATM withdrawal transactions.

The Government Stamp Duty charge on debit cards is applied in January, for the previous year.

These Government fees are correct at the time of publication but are liable to change.

Unauthorised overdraft: €0

Not applicable

We charge for services beyond these quantities separately.