Provider profileLast checked 8 November 2026
Monzo Business
A UK business current account with a free Lite plan, Tax Pots and invoicing on Pro, and expense cards on Team.
- Cheapest plan
- Lite: free
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
A UK business current account from Monzo, a bank.
How your money is protected
Monzo says eligible deposits are protected by the FSCS up to £120,000.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Sole traders and limited company directors in the UK. Sole traders can have a team of 3; limited companies can have up to 15 people on Team.
Headline fees
| Fee | Detail |
|---|---|
| Plans (monthly) | Lite free, Pro £9 (first month free), Team from £25 |
| UK bank transfers | Free and instant |
| Sending money abroad | Fixed fee of up to £9 plus 0% to 1.80%, shown before you send |
| Receiving foreign currency | 1% conversion fee, no more than £1,000 per payment |
| Cash deposits | £1 per deposit at PayPoint or the Post Office |
| Team members on Team | First 6 included, then £5 a month each |
Limits worth knowing
- Cash deposits are limited to £300 per PayPoint deposit, and £3,000 (sole traders) or £4,000 (companies) per Post Office deposit.
- Monzo says plan benefits can change and are confirmed during sign-up in the app.
How it compares
See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Work out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check Monzo Business's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.