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Monzo Business

4.5(3421 reviews)
UK Bank

Overview

Monzo Business offers UK business banking with modern app-based banking, instant notifications, and integrations with accounting software.

Features

Multi-Currency Accounts

Hold and manage multiple currencies

Cross-Border Payments

Send money internationally

FX Risk Management

Hedging and forward contracts

API Integration

Automate with developer APIs

Business Accounts

Corporate banking solutions

Personal Accounts

Individual banking services

Pros

  • Full UK banking license
  • Excellent app
  • Accounting integrations
  • Instant notifications

Cons

  • UK focused
  • Limited international features
  • Monthly fees

Best For

UK businesses
App-first users
Accounting integration

Pricing

Account Fee

From £5/month

FX Markup

From 0.5%

Transfer Fees

Varies

Regulation

Jurisdictions

UK

Licenses

FCA Authorised Bank

Coverage

Currencies

GBP, EUR, USD

Countries

UK, Limited international

Ratings Breakdown

Ease of Use
4.7
Support
4.3
Value
4.4

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