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TL;DR
Monzo Business Account Review for May 2026. This review compares both Monzo Business tiers - Lite (free) and Pro (£9/month) - and tells you exactly which is worth it for your business in 2026. It includes a UK sort code, account number, Mastercard debit card, basic spending categories, and FSCS protection up to £85,000. Verified. |
Monzo Bank is one of the UK's most recognised digital banks. Their business banking offering — Monzo Business — has grown significantly and now serves hundreds of thousands of UK sole traders and limited companies. Monzo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. This review compares both Monzo Business tiers — Lite (free) and Pro (£9/month) — and tells you exactly which is worth it for your business in 2026. Monzo Business Account Comparison 2026
Monzo Business Lite — Who Is It For?Monzo Business Lite is the free tier and covers the basics — a UK business current account, sort code and account number, Mastercard debit card, and basic spending categorisation. FSCS protection up to £85,000 applies. It is well suited for sole traders and freelancers who want a simple, app-based business account with no monthly fees. If you do not need invoicing tools or accounting software integration, Lite covers most day-to-day needs. Monzo Business Pro — Is It Worth £9/Month?Monzo Business Pro adds invoicing, tax pots, and accounting integrations (Xero, FreeAgent, QuickBooks). The tax pot feature automatically sweeps a percentage of income into a ring-fenced pot to cover your tax bill — useful for self-employed people who struggle to set aside tax. At £9/month (£108/year), Pro pays for itself if you use the accounting integrations or save time on invoicing. If you already use accounting software, compare whether Monzo's integration replaces a paid tool you would otherwise buy. Monzo Business vs Starling vs Tide
Our Verdict Monzo Business is a strong choice for sole traders and small limited companies who want an app-first banking experience. The free Lite account covers basic needs well. Pro at £9/month is worth it specifically if you want tax pots or accounting software integration. For unlimited free UK transfers and free accounting sync, Starling Bank's free business account is hard to beat. For invoicing and expense management, Tide offers more on its free plan. Frequently Asked QuestionsIs Monzo Business free? Monzo Business Lite is completely free with no monthly fee. Monzo Business Pro costs £9 per month and adds invoicing tools, tax pots, accounting integrations, and multi-user access. What is Monzo Business Lite? Monzo Business Lite is the free tier of Monzo's business banking offering. It includes a UK sort code, account number, Mastercard debit card, basic spending categories, and FSCS protection up to £85,000. It does not include invoicing, tax pots, or accounting integrations — those require the Pro plan at £9/month. Is Monzo Business FSCS protected? Yes. Both Monzo Business Lite and Pro are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000. This is because Monzo Bank holds a full UK banking licence from the Prudential Regulation Authority. Can a limited company use Monzo Business? Yes. Monzo Business accounts are available to both sole traders and limited companies registered in the UK. Limited companies may need to provide additional documentation during the application process. This article is for informational purposes only and does not constitute financial advice. Always verify rates and eligibility directly with the provider before applying. Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk |
Related Guides
- → Tide Business Account Review UK 2026
- → Monzo vs Starling vs Revolut
- → Free Business Bank Accounts UK 2026
- → Best Sole Trader Bank Accounts UK 2026
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Last reviewed: 09 May 2026 | Reviewed by Chandraketu Tripathi, Editor, Kaeltripton
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