Monzo Business Banking
It just works, so you can too
Monzo Business Banking helps small businesses stay on top of their finances. Starting at no monthly fees.
What you need to know about Monzo Business bank accounts
Get better visibility and more control over all your money with a Monzo Business bank account. Less time on finances means more time for the important stuff.
We're a fully regulated UK bank
We're regulated by all the same rules as high street banks
Open a business account online, straight from your phone
Customers voted Monzo the 2022 Best Business Banking Provider (British Bank Awards)
24/7 customer support
You get the best of Monzo
Move money easily with free, instant UK bank transfers
Get notified the second you pay, or get paid
Set money aside, separate from your balance, with Pots
- Earn interest on savings with our Instant Access Savings Pot. Ts&Cs Apply.
Built for your business
Give customers simple ways to pay online
With Monzo Business Pro, connect your banking with your accounting tool (Xero, FreeAgent or Quickbooks) in the app
Manage your business account wherever you are, with mobile and web access
Use separate virtual cards for each Pot you create, helping you control where you spend from with Monzo Business Pro
We're here to help, 24/7
How we help:
Chat to us in app any time, or call or email if you'd prefer
We'll answer your questions and help solve any problems you have
No need for branches, and no need to make an appointment
Simple pricing, no commitment
Simple pricing, no commitment
Built for business
Tax Pots
Integrated accounting
Multi-user access
Invoicing
Exclusive offers
6 months Xero free (optional)
Virtual Cards
Auto-exports
Connect other accounts
Mobile and web access
Payment links
Accept contactless payments (with Tap to Pay)
Easy bank transfers (free till 2025)Including the best of Monzo
24/7 customer support
Free, instant UK bank transfers
Instant Access Savings Pot
Pots to separate money
Instant notifications
Budget and categorised spending
Digital receipts
Sole trader loans and overdrafts (if eligible)
Outbound international payments
Inbound international paymentsPlus the essentials
Mobile signup and switching
Apple Pay and Google Pay
Manage scheduled payments
Pay in cash and cheques
Up to £85,000 FSCS protection on eligible depositsWe charge £1 to pay in cash at PayPoints and Post Offices across the UK. And for countries outside the European Economic Area, you can take out £200 cash for free every 30 days. After that, we charge 3%. These charges cover our costs for these services and everything else is included in the plan price. No hidden fees.
Get paid, the easy way
Target Tuition use a Monzo Business bank account to:
Create payment links or invoices in a few taps
Offer customers simple ways to pay by card or easy bank transfer
Save time on admin with all your payments in one place
Choose what to set aside for tax
Use Tax Pots to:
Automatically set a percentage of your income aside when you're paid
Neatly separate your money, all in one bank account
Stop worrying about saving, and spend more time on your business
Only available on Monzo Business Pro for £5 a month
"It's nice to know when you've been paid. You know what's gone out, what's gone in, instantly."
Sally and Chris use instant notifications to:
Know when they're paid right away
Keep track of their spending
Stay on top of their invoices
"The team has access. We know who paid what and when. Monzo's allowed us to have transparency."
The Malt Films team uses multi-user access on Monzo Business pro to:
Manage their finances together
Improve visibility across the business
Split up their workload, especially if someone's away
Meet the people behind the businesses
Monzo Business lets them get on with what they love: running their business.
Automate accounting with tools you already use
Integrate accounting tools like Xero, FreeAgent and QuickBooks to automatically share your balance and transactions every day with Monzo Business Pro.
If you use other tools, or don’t use any, easily export a file of your transactions or statements (CSV, PDF or QIF) whenever you need to. We’ll never share your data with anyone else unless you agree to it, or ask us to.
With Monzo Business Pro, new Xero users can get 6 months of the cloud accounting platform free (terms apply). Learn more.
Your questions, answered
Check if you're eligible
You can apply for a Business Bank Account if you're a UK based sole trader or director of a UK limited company.
Head to our eligibility criteria for more detail on businesses and industries we can and can’t support at the moment.
Your eligible deposits are protected
If you're a sole trader or a small business your eligible deposits may be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. 💰 To learn more about the businesses and deposits that are eligible, see here
Sign up straight from your phone
We’ll ask some questions about your business to see if you’re eligible.
If you have a Monzo Current Account, apply in your app. If you don’t have a Monzo Current Account, sign up in these 3 steps.
Find out about Monzo Business
Over 400,000 business owners have already changed the way they do business banking. Sign up from your phone to join them. Or sign up online.
If you already have a business account somewhere else, find out how to switch to Monzo Business
Let's talk business
Ideas for everything from getting started, to taking your business to the next level
We can now accept corporate-owned businesses 🎉
If your Limited Company has investment from other companies, you are now welcome to apply for a Monzo Business account!
Receive international payments into your Monzo account
Receive money from around the world. 40+ currencies converted to pounds, ready to spend.
Business Instant Access Savings are here 🎉
Introducing our all-new business Instant Access Savings Pot, grow your spare funds.
Cost of living: how we’re supporting you and your business
The cost of living crisis is affecting all of us in some way. We’ve been speaking to business customers about their experiences and worries, and we’ve summarised how we can help as the situation evolves.
Virtual Cards, explained - A new feature for Monzo Business Pro
Virtual cards are brand new to Monzo Business Pro. We designed virtual cards to help Business owners and members to stay in control of their business spend and spend safely online.
Business customers - you can now send money abroad
We’ve partnered with Wise to give you a simple, cheap way to send money abroad. Always using the real exchange rate, with no hidden fees.
Independent service quality survey results
Published August 2023
As part of a regulatory requirement, independent surveys were conducted to ask customers of the largest business current account providers in Great Britain if they would recommend their provider to friends and family. The results represent the view of customers who took part in the survey.
Everything you need to know about starting a business, business banking and Monzo business features
Take a look at our blogs and articles covering everything from why you need a business account, to running a successful business, making hires and everything inbetween.