Monzo · Banks
Monzo Business Account review
UKUpdated October 2026
Monzo Business offers a free Lite plan with free UK transfers, or Pro at £9 a month for extra tools. As a fully regulated bank, deposits are FSCS protected.
Lite plan£0Pro £9 a month
UK transfersFreeUnlimited
FX fee1%On the Lite plan
Available inUKBanks
Treasi’s take
Who Monzo is best for
Choose Monzo if…
UK businesses with mostly domestic payments and owners wanting a simple app.
Look elsewhere if…
Businesses paying abroad often.
Monzo Business offers a free Lite plan with free UK transfers, or Pro at £9 a month for extra tools. As a fully regulated bank, deposits are FSCS protected. Its 1% FX fee on Lite makes it better for domestic than international business.
Details
Fees, features and eligibility
| Monthly fee | £0 (Lite); £9 (Pro) |
|---|---|
| Transfers | Free UK transfers |
| FX and international | 1% FX fee on Lite |
| Account type | Licensed bank |
| Deposit protection | FSCS protected |
| Currencies | GBP |
Source: Monzo published product information.
Pros and cons
What stands out
Pros
- Free Lite plan
- Free UK transfers
- Licensed bank
Cons
- 1% FX fee on Lite
FAQs
Monzo: common questions
How much does Monzo Business cost?
Lite is free and Pro is £9 a month.
Is Monzo a bank?
Yes. Monzo is fully regulated, with FSCS protection.
Used Monzo? Help other businesses choose.
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