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Business · Checked against Monzo’s own page

Monzo Business Lite: £0, no monthly fee

Monzo Business Lite: £0 No monthly fee. Lite is the free plan; the tax pots, expense tools and team features sit on Pro (£9 a month) and Team (from £25 a month).

£0
No monthly fee
  • Free Lite plan as standard · Pro £9 and Team from £25 a month
Worth knowing

Lite is the free plan; the tax pots, expense tools and team features sit on Pro (£9 a month) and Team (from £25 a month).

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The details

Account type
Current account
Who can open it
Both
Worth knowing
Free Lite plan as standard · Pro £9 and Team from £25 a month
Protection
Eligible deposits may be protected by the FSCS up to £120,000 (Monzo's own wording).
Details
The Monzo Business Account comes with the free Lite plan as standard, with the option to upgrade to Pro (£9 a month) or Team (from £25 a month). Only sole traders or limited company directors in the UK can apply.
Source
Monzo's own page Checked 25 Aug · No commission

How MoneyHQ checked this

We read Monzo’s own page on 25 Aug and wrote down what it says: the figure, the conditions and the catch. Figures change, and the provider’s page is always the final word. The page we read is here. If you spot a difference, tell us and we will check again.

How it compares

Joint 1st of 8 by monthly fee, lowest first, among the business current accounts MoneyHQ has checked.

AccountMonthly feeFree periodWho can open itChecked
Allica Bank Business Rewards AccountNoneAlways freeLimited companies25 Aug
Mettle Business AccountNoneAlways freeSole traders and companies25 Aug
Monzo Business Lite (this offer)NoneAlways freeSole traders and companies25 Aug
Starling Business Current AccountNoneAlways freeLimited companies25 Aug
Tide Free planNoneAlways freeSole traders and companies25 Aug
Barclays Business Current Account£8.50 a monthFirst 12 months freeSole traders and companies25 Aug

Every figure is from each provider's own page, checked on the date shown on that offer. MoneyHQ orders this table by monthly fee, lowest first alone; commission never changes the order.

Other business offers we have checked

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