Monzo
Editorial coverage of Monzo — flagship review: Monzo Business.
Monzo Business is a UK business current account from a licensed bank, with Pots that make tax and VAT provisioning automatic.
Who makes Monzo
Monzo is a UK-licensed bank, so eligible deposits on its business accounts fall under the UK deposit protection framework up to the applicable limit.
Official website: monzo.com ↗
What it actually does
The account provides a UK sort code and account number with Faster Payments, Direct Debits and standing orders, plus Pots for tax and VAT set-aside, invoicing and payment tracking on higher tiers, receipt capture, accounting integrations and multi-user access on the paid tier.
Product family
- · Monzo Business Lite
- · Monzo Business Pro
- · Pots
- · Invoicing
- · Monzo personal accounts
What people hire it for
- Separating business banking from a personal account
- Automatically setting aside tax and VAT
- Capturing receipts against transactions for bookkeeping
- Giving a second team member access to company money
Where it runs
Security & privacy
Eligibility is UK-only and some company structures and business types are excluded — confirm before planning a migration.
Where Monzo appears
Featured in these buying guides
Head-to-head
No comparisons scheduled yet.
Planned reviews
Full review published — read it here.
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