Revolut Business vs Monzo Business
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 has a free Lite plan and Pro at £9 a month. Revolut Business starts at £10 a month but includes multi-currency accounts and interbank-rate exchange up to a monthly allowance.
Revolut Business and Monzo Business side by side
| Feature | Revolut Business | Monzo Business |
|---|---|---|
| Cheapest plan | Basic £10 a month | Lite £0 |
| Next plans | Grow from £30; Scale from £90 | Pro £9 (first month free); Team from £25 |
| Currency exchange | Interbank rate up to £1,000–£60,000 a month, then 0.6% | Check Monzo |
| Accounting | Xero feed | Xero, QuickBooks, FreeAgent, Sage on Pro and Team |
| Protection | Depends on Revolut entity | Bank — FSCS protected |
Figures as of 3 October 2026, from each provider’s own website. Rates and fees can change.
Who it’s for
- Revolut Business: businesses that trade in several currencies
- Monzo Business: UK-focused businesses wanting a free or low-cost plan
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You need branch services
Full explanation
If most of your money moves in pounds, Monzo’s plans are likely to cost less. If you exchange currency monthly, compare Revolut’s allowances with what a bank would charge.
The catch
Monzo’s accounting integrations need Pro or Team; Revolut’s FSCS cover depends on the entity holding your account.
Check each provider’s current plans.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Does Monzo Business support multiple currencies?
We didn’t verify Monzo Business currency features on 3 October 2026 — check Monzo’s site.
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