Monzo Business review
Monzo’s business account, in two flavours: Lite and Pro.
Monzo Business is polished and familiar if you already use Monzo personally. Lite is fine for basic needs; Pro earns its keep if you value Tax Pots and accounting integrations.
At a glance
- Monthly fee
- £0 Lite / £9 Pro
- Free transfers
- Unlimited UK transfers on both plans
- FSCS protection
- Yes
- Best for
- Businesses already banking personally with Monzo
Pros
- Full UK banking licence — FSCS protection up to £85,000
- Tax Pots help you set aside VAT or income tax automatically (Pro)
- Clean UI, fast notifications
Cons
- Pro features locked behind a £9/month paywall
- No cheque deposit by post (freepost not supported)
- Limited phone support
Features
- Tax Pots (Pro)
- Integrations with accounting tools (Pro)
- Multi-user access (Pro)
- Same-day sign-up for most businesses
Integrations
Xero · QuickBooks · FreeAgent