Business banking with project-level expense tracking
Tag every transaction to a project and add categories and notes so you can allocate costs accurately to clients. Works with Xero, Sage and QuickBooks to keep your records traceable.
Trusted by finance teams across the UK
Used by established UK businesses to save time on accounting tasks and improve operational efficiency across growing teams and multiple projects.
"I can spend more time doing the things I enjoy, which is why I started my business in the first place."
"I used to spend a lot of time doing accounts. Now, it's instant."
"The account and app make everyday banking quick and simple."
Questions finance leaders ask
Finance teams need to know about security standards, FSCS deposit protection, and accounting software integrations before making a decision.
Read Business FAQsWho can apply for Monzo Business?
Only sole traders or limited company directors in the UK can apply. Terms and conditions apply.
What plans are available and how much do they cost?
Your account comes with the free Lite plan. You can upgrade to Pro for £9 a month, or Team starting from £25 a month. Ts&Cs apply.
Are my deposits protected?
Your eligible deposits may be protected by the Financial Services Compensation Scheme (FSCS) up to £120,000.
Do you offer overdrafts or loans?
Overdrafts and loans are available for eligible sole traders with a Monzo Business account, 18+, subject to eligibility and Ts&Cs.
Can I connect my accounting software?
Yes. Connect Xero, FreeAgent, Sage or QuickBooks to automate bookkeeping and save time on admin.
Resources
From the Monzo Business blog
Product updates, money tips and customer stories to help you run your business.
Scale your delivery units without banking delays
Your digital application takes minutes, and your account is ready the same day. Issue instant expense cards for new teams, scale across multiple delivery units with the Team plan, and keep every pound protected up to £120,000 by the FSCS. Get your new teams banking-ready now.