Monzo Business can help your business
Manage accounts, cash flow and finance
- Invoicing and debt collection
- Pay bills
- Manage day to day banking
Monitoring
- Monitor cash flow
Tasks for Accountants and Bookkeepers
- Billing and Payments
Overview
Join 500,000+ businesses banking with Monzo, the 2024 Best Business Banking Provider.
We’re a UK business bank account that makes life easier for you with an advanced Xero integration and time saving bill and expense tools like expense cards, payment approvals, and bulk payments to help you get back to what’s important.
You need to be a sole trader or director of a limited company to apply. UK businesses only. Ts&Cs apply.
Monzo Business + Xero
Monzo Business Pro + Xero
Monzo Business Pro offers expert banking for everyday business, so you can stay on top of your finances and save time doing it.
Automatically sync your business’ transactions, receipts and expense categories to Xero so you’re always on top of your bookkeeping. Your team can add everything you need in just a few taps when they pay, all from within the Monzo app, and it'll sync automatically to Xero. Saving you and whoever does your accounts time and effort chasing missing details or inaccurate information.
You can also create and send invoices, get extra hands on deck with multi-user access, automatically put money aside for tax, pay with virtual cards, and more.
Available with Pro and Team which start from £9 a month.
Monzo Business Team + Xero
Feel in control of business spending with the Monzo Business Team plan, Team includes all of the above plus expense cards, spending limits, payment approvals and bulk payments.
Time-saving expense cards
Claim back lost time with employee expense cards you can set limits and controls for.
Let selected team members spend up to limits and save everyone from endless expense admin. Receipts, reasons for spending and VAT rates are all captured in the app for you, and sync to Xero automatically. All expense cardholders need is the Monzo app, they don't need a Monzo account.
Payment approvals
Approve your team’s payments when they go over certain limits so they can do their jobs and you keep some control.
Choose how much individual team members can spend on their card and send by bank transfer before they need admin approval.
Make multiple payments in one go
Paying employees or suppliers doesn't have to mean copying across individual payment details or approving each and every payment.
Uploading your payee details, rather than entering them manually, makes sure that your important payments go through properly.
All exclusive to our Team plan, which starts from £25 a month. Your first 3 months are free if you apply before 31/01/25. Team starts from £25 a month after that.
Getting started
You’ll need to apply for a Monzo Business account. Check if your business is eligible by reviewing our eligibility criteria.
You can apply in minutes online or by downloading the app, and 91% of business accounts are opened the same day.
You need to be a sole trader or director of a limited company to apply. UK businesses only. Ts&Cs apply.
We've teamed up with Xero to give Monzo Pro & Team customers a free Xero subscription, worth up to £472. Available until 31 March 2025 for new Xero customers only. Ts&Cs apply. Pro and Team start from £9 a month.
