About Monzo Business
Monzo Business offers the same best-in-class app experience as Monzo's personal accounts, as a fully licensed, FSCS-protected bank account. The free Business Lite tier covers the essentials, while Business Pro adds Tax Pots (automatically set aside money for tax), invoicing, integrations with accounting software, multi-user access and virtual cards. It's a strong choice for sole traders and small limited companies that want real banking plus genuinely useful money-management tools.
Pros
- FSCS-protected, fully licensed bank
- Free Lite tier; Pro adds powerful tools
- Tax Pots, invoicing and integrations
- Best-in-class app experience
Cons
- Best features need paid Pro tier
- Cash deposits incur a fee
- Lending subject to eligibility
Best for
Sole traders and small firms wanting a top app and tax tools