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Monzo
Simple, domestic start-ups
Plus points
✓ Fully regulated UK bank with strong service reputation
✓ Zero / minimal costs for new start-ups with free UK transfers
✓ Built-in expenses, acquiring, accounting integrations with Monzo Pro (£5/m) & take card payments with Stripe
Keep in mind
- Doesn’t support international payments
- Cash deposits limited to £1000 per 6 months
- Only sole traders and Limited companies are eligible
Monthly Fee | UK bank transfers | Customer reviews | Overdraft | Extras | |
|---|---|---|---|---|---|
Lite | Free | Free | 9/10 | X | |
Pro | £5 | Free | 9/10 | X | Business Toolkit
Accounting integration
6 months free Xero |
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