Monzo Business business account review fees, eligibility and availability

Snapshot

Monzo Business offers business current accounts in the United Kingdom, with a free Lite plan and paid Pro and Team plans, as of 19 June 2026.

Who it suits: Small businesses, sole traders, and limited companies in the United Kingdom that want a mobile first business account from a licensed United Kingdom bank.
Broadly available in: United Kingdom.
Headline monthly fee: Lite is free. Pro was 9 pounds per month and Team was 25 pounds per month, as of 19 June 2026.
Account type: Business current account at a licensed United Kingdom bank.

Fees and features as of 19 June 2026Last reviewed 19 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Monzo Business is the business account from Monzo, a licensed United Kingdom bank. As of 19 June 2026 it offered three plans: a free Lite plan, a Pro plan at 9 pounds per month, and a Team plan at 25 pounds per month. Pro adds accounting integrations, invoicing, tax pots, and virtual cards. Eligible deposits are protected under the United Kingdom Financial Services Compensation Scheme. Verify current terms with Monzo before applying.

Overview

Monzo Business brings the Monzo app experience to United Kingdom companies and sole traders. It is a current account from a licensed United Kingdom bank, so eligible deposits carry Financial Services Compensation Scheme protection. The plan structure lets a very small business stay on the free Lite plan and move to Pro or Team for accounting tools and multi user access. Figures here are as of 19 June 2026.

Strengths

A free Lite plan that covers everyday banking, a well rated mobile app, accounting integrations with tools such as Xero, QuickBooks, FreeAgent, and Sage on the Pro plan, and Financial Services Compensation Scheme protection on eligible deposits.

Limitations

It is available to United Kingdom based businesses only. The richer accounting and tax features sit behind the paid Pro plan, and the Team plan adds cost for multi user access. The Pro plan price rose for new customers as of 19 June 2026. Verify current terms with the provider.

Fees and features

All figures as of 19 June 2026. Verify current terms with Monzo Business.
Monthly fee	Lite is free. Pro was 9 pounds per month and Team was 25 pounds per month, as of 19 June 2026. The first month of Pro was advertised as free.
Transaction fees	Some service charges apply, for example cash deposits and certain transfers. See the Monzo Business fee information document. As of 19 June 2026.
FX fees	Card spending abroad and currency features vary by plan. Verify current rates with the provider.
Minimum deposit	No minimum opening deposit stated for the Lite plan, as of 19 June 2026. Verify with the provider.
Multi currency	Monzo Business is built around pound sterling. Verify current currency features with the provider.
Integrations	Accounting integrations with Xero, QuickBooks, FreeAgent, and Sage on the Pro plan, plus invoicing and tax pots, as of 19 June 2026.
Eligibility	Available to sole traders and limited companies based in the United Kingdom. Verify with the provider.

Open a Monzo Business account

Monzo Business serves businesses based in the United Kingdom. Plans and fees shown as of 19 June 2026. Confirm current terms with the provider before applying.

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Questions about Monzo Business

Is Monzo Business a real bank account?

Yes. Monzo is a licensed United Kingdom bank and eligible deposits are protected under the Financial Services Compensation Scheme. Verify current details with the provider.

How much does Monzo Business cost?

As of 19 June 2026 the Lite plan was free, Pro was 9 pounds per month, and Team was 25 pounds per month. Verify current terms with Monzo.

Is Monzo Business available outside the United Kingdom?

Monzo Business is available to United Kingdom based businesses. It is not offered as a business account in other markets, verify with the provider.

What does the Monzo Business Pro plan add?

As of 19 June 2026 Pro added accounting integrations, invoicing, tax pots, virtual cards, and other tools for a monthly fee. Verify current features with Monzo.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 19 June 2026. Confirm current terms with Monzo Business before applying.