Monzo Business

Overview

Monzo Business is the business banking product of the British digital bank Monzo, aimed at small businesses, freelancers, and startups. Users receive UK business accounts with an account number and sort code, can make transfers, process direct debits, and use Mastercard debit cards for their business purchases. The entire account management is handled via a modern mobile app and a web portal, with real-time visibility into all transactions. Monzo Business offers features such as "Pots" or sub-accounts, allowing businesses to set aside and separate reserves for taxes, payroll, or projects. Integrated invoicing features, receipt uploads, and automatic expense categorization simplify bookkeeping and tax preparation. Real-time notifications as well as smart search and filter options support ongoing liquidity management. For teams, Monzo Business provides features for shared accounts, employee cards, and expense approvals. In this way, the bank addresses both solo entrepreneurs and smaller organizations that want to conduct their business banking predominantly digitally and value transparency, user-friendliness, and a dynamically evolving feature set.