Monzo Business offers business current accounts in the United Kingdom, with a free Lite plan and paid Pro and Team plans, as of 11 October 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 11 October 2026.
- Account type
- Business current account at a licensed United Kingdom bank.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider 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 11 October 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. Monzo states that plan benefits are confirmed at signup and can change. Verify current terms with the provider.
Fees and features
| Monthly fee | Lite is free. Pro was 9 pounds per month and Team was 25 pounds per month, as of 11 October 2026. The first month of Pro was advertised as free. |
|---|---|
| Transaction fees | Paying in cash costs 1 pound per deposit at PayPoint or a Post Office. Sending money within the United Kingdom, Direct Debits and standing orders carry no fee. As of 11 October 2026. |
| FX fees | Monzo charges no fee on debit card payments in a foreign currency. Cash withdrawals outside the European Economic Area are free up to 200 pounds in a rolling 30 days, then 3%. Payments received in other currencies are converted to pounds with a 1% fee, capped at 1,000 pounds. As of 11 October 2026. |
| Minimum deposit | No minimum opening deposit stated for the Lite plan, as of 11 October 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 11 October 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 11 October 2026. Confirm current terms with the provider before applying.
Visit Monzo Business → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.Questions about Monzo Business
Is Monzo Business a real bank account?
How much does Monzo Business cost?
Is Monzo Business available outside the United Kingdom?
What does the Monzo Business Pro plan add?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with Monzo Business before applying.