Monzo Business account: plans, fees and catches
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
Quick answer
Monzo Business had three plans as of 3 October 2026: Lite (free), Pro (£9 a month, first month free) and Team (from £25 a month). Accounting integrations with Xero, QuickBooks, FreeAgent and Sage come with Pro and Team.
It’s for sole traders and limited company directors in the UK.
Who it’s for
- Sole traders and directors who want a free app-based business account
- Businesses that want accounting integrations for £9 a month
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You need accounting software feeds but don’t want a paid plan — they aren’t on Lite
- You need branch services
Plans
| Plan | Monthly fee | Accounting integrations |
|---|---|---|
| Lite | £0 | Not included |
| Pro | £9 (first month free) | Xero, QuickBooks, FreeAgent and Sage |
| Team | From £25 | Xero, QuickBooks, FreeAgent and Sage |
Figures as of 3 October 2026, from Monzo’s business pages.
The catch
The free plan is basic. If you’ll need integrations, budget for Pro from the start.
Check Monzo Business plans on Monzo’s site.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Is Monzo Business free?
The Lite plan is free. Pro costs £9 a month and Team from £25, as of 3 October 2026.
Is Monzo Business FSCS protected?
Monzo is a UK-authorised bank. Eligible deposits with a UK-authorised bank are protected by the FSCS up to £120,000 per person, per banking licence (source: FSCS).
Can I switch my business account to Monzo?
Yes, Monzo supports CASS switching for business accounts.
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