Monzo Business
Business banking that works for you.
Overview
Monzo Business offers two types of business accounts: a free 'Lite' version and a paid 'Pro' version. Both are designed to help UK-based sole traders and small limited companies manage their finances with features like instant payment notifications, spending categorisation, and invoicing tools.
✨ Key Features
- Instant payment notifications
- Spending categorisation
- Digital receipts
- Invoicing tools (Pro)
- Tax pots (Pro)
- Multi-user access (Pro)
🎯 Key Differentiators
- Excellent mobile app experience
- Strong focus on budgeting and financial management tools
- Transparent and simple pricing
Unique Value: Monzo Business provides an intuitive and beautifully designed banking app that makes it easy for small business owners to stay on top of their finances.
🎯 Use Cases (3)
✅ Best For
- Helping freelancers manage their income and expenses efficiently
- Providing a modern banking experience for small e-commerce businesses
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses with complex international payment needs
- Larger companies requiring dedicated account managers and advanced features
🏆 Alternatives
Monzo offers a more modern and user-friendly experience than traditional banks. Compared to other neo-banks, it excels in its budgeting and money management features, particularly in the 'Pro' plan.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
🔒 Compliance & Security
💰 Pricing
Free tier: Basic features for sole traders and limited companies.
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