Switching to Monzo: personal, joint and business accounts
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FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
Monzo supports the Current Account Switch Service for personal, joint and business accounts. You start it in the app (Home, the three dots on your account, then “Switch to Monzo”), and Monzo moves your money and payments and closes the old account.
Third-party apps that had access to your old account won’t move across automatically — you’ll need to reconnect them.
Who it’s for
- People making Monzo their main account
- Sole traders and companies moving a business account to Monzo Business
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You want a switch bonus — we didn’t see one from Monzo on 3 October 2026
- You want to keep your old account open
The catch
Make a list of open banking connections and card-on-file payments before switching. CASS moves Direct Debits and standing orders, not card subscriptions.
Open a Monzo account first, then switch in the app.
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FAQs
Can I switch a business account to Monzo?
Yes, Monzo says CASS switching works for business accounts too.
Do card subscriptions move across?
No. Update recurring card payments yourself.
Is the link on this page a referral link?
Yes — we may earn a commission. It doesn’t affect what you pay.
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