Fee information
These are the fees for using the Monzo Business account.
General account services
Maintaining the account (Team): £25 / month
Each additional member (Team): £5 / month
Maintaining the account (Pro): £9 / month for accounts opened on or after 26 November 2024
Maintaining the account (Pro): £5 / month for accounts opened before 26 November 2024
Maintaining the account (Lite): £0
Refusing a payment due to lack of funds: £0
Allowing a payment despite lack of funds: £0
Payments (excluding cards)
Direct Debit: £0
Standing Order: £0
Sending money within the UK: £0
Sending money outside the UK: Not applicable
Receiving money in pounds (GBP): £0
Receiving euros: 1% currency conversion fee (capped at £1,000) for payments received by Monzo in euros and converted to pounds.
We convert any payments you get in EUR to GBP before the money appears in your account. We'll charge a 1% fee that's capped at £1,000 for doing this.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
The vast majority (but not all) of these payments will come from bank accounts within Europe and through the SEPA Credit Transfer scheme.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
The vast majority (but not all) of these payments will come from bank accounts within Europe and through the SEPA Credit Transfer scheme.
Receiving a payment in a foreign currency that is not GBP or euros: 1% currency conversion fee (capped at £1,000) for payments received by you and converted to pounds.
We convert any payments you get in these currencies to GBP before the money appears in your account. We'll charge a 1% fee that's capped at £1,000 for doing this.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
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.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
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.
Cards and cash
Cash withdrawals in pounds in the UK: £0
Cash withdrawals in the European Economic Area (EEA): £0
Cash withdrawals in non-EEA countries: First £200 in a rolling 30-day period free, 3% after that
Cash deposit: £1 per deposit to pay in cash at any PayPoint or Post Office branch
Debit card payment in pounds: £0
Debit card payment in foreign currency: £0
We don't charge you for withdrawing money from an ATM in the European Economic Area (EEA). For ATMs outside of the EEA, you can withdraw up to £200 in any rolling 30-day period without any fees. After that, we charge 3% of the total amount you withdraw above £200. That's because cash withdrawals in a foreign currency outside the EEA cost us money.
Overdrafts and related services
Arranged overdraft: Your interest rate is set out in your Overdraft Agreement
Unarranged overdraft: £0
Other services
Cancelling a cheque: Not applicable
Package of services
Not applicable
Services beyond these quantities will be charged separately
Services beyond these quantities will be charged separately
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