How to Open a Monzo Business Account Online in 2025

If you’re getting ready to open a Monzo Business account, it helps to know exactly what Monzo will ask for and how the onboarding process works. Knowing this upfront makes the application quicker and helps everything go more smoothly.

This guide covers everything you need. You’ll learn:

✅ Who can open a Monzo Business account

✅ What documents and business details are required

✅ How the onboarding works inside the app

✅ A quick overview of Monzo’s Lite, Pro, and Team plans

Whether this is your first business account or you’re comparing Monzo with other options, this walkthrough helps you understand the process clearly before you begin.

Before you apply, it helps to know which Monzo Business plan fits your needs. Each Monzo Business bank account is a GBP-only business current account designed for UK sole traders, freelancers, and small businesses.

All plans include essential key features such as a business Mastercard® debit card, UK bank transfers, pots (including Savings Pots and Tax Pots), instant notifications, payment links, and 24/7 customer support in the app.

The main differences between plans relate to invoicing tools, bookkeeping integrations, and team spending controls.

• Lite (Free)
  Everyday GBP banking with core features, pots (including Tax Pots), business debit card, and standard UK transfers.
• Pro (£9/month)
  Adds invoicing, integrated bookkeeping tools, and connections to accounting software such as Xero, QuickBooks, and FreeAgent.
• Team (£25/month)
  Provides multi-user access for team members, including expense cards, spending limits, and permission controls.

Monzo’s eligibility criteria are straightforward, but the account is not available to every business type. You can apply if you are a UK-based sole trader or the director of a UK-registered limited company, and you must be at least 16 years old.

To qualify for an account, your business must also meet the following requirements:

• Have an active status on Companies House
• Have at least one active company director listed
• Have at least one person of significant control (PSC) listed
• Be a tax resident in the UK only
• Earn income mainly from selling goods or providing services, rather than from investments or interest
• Not use the account to hold client money, such as escrow or trust funds

Some business types and industries are not eligible.

Monzo may also decline applications it considers high risk or outside its internal policies, so it is best to check the full and most up-to-date list on Monzo’s official eligibility page.

Now that eligibility is clear, here is what you need to prepare before starting the application.

Monzo keeps this process simple. Most company details are pulled automatically from Companies House, so you usually will not need to upload many documents unless the provider asks for extra checks.

You Will Need:

• A valid photo ID (Passport, driving licence, national ID card, or biometric residence permit)
• A short selfie video for identity verification
• Basic business details, including what your business does
• Personal details for directors and PSCs (date of birth, address, and basic identification details)
• Your registered company number if you are applying as a limited company

These are enough to complete onboarding for most applicants.

You can begin your Monzo Business application either from the website or directly in the Monzo app. If you do not already have a Monzo personal account, you will complete the full onboarding in the app. 

Monzo notes that business applications usually take a few days, and the timing depends on the checks required.

Start on the Monzo website or download the Monzo app from the App Store or Google Play.

Monzo will ask for your email and send a secure magic link to begin the application.

If you already have a Monzo personal account, use the same email address to keep your details consistent.

Monzo will ask you to provide the following information:

• Your full name
• Your date of birth
• Your email address
• Your UK home address
• Your phone number (an OTP will be sent for verification)

If you already have a Monzo personal or joint account, use the same email and phone number. The app will prefill much of your information automatically.

Next, Monzo will ask for a few details about your business, including:

• Business type
• Industry
• Business address
• Unique Taxpayer Reference (UTR)
• Registered company name or number (for limited companies)
• How your business earns money
• Expected turnover
• Whether you trade internationally

You may also be asked to upload proof of business address, such as a utility bill or an HMRC letter.

This step happens inside the app. You will be asked to:

• Scan a valid photo ID
• Record a short selfie video
• Confirm details for any directors or persons of significant control (PSCs)

If a PSC already has a Monzo personal account, Monzo may verify them automatically without additional documents.

Select the plan that suits your business: Business Lite, Business Pro, or Team.

You can change plans later if your needs change over time.

Once your account is approved, Monzo will send your debit card to the address you provided.

• For limited companies: card sent to your business trading address
• For sole traders: card sent to your residential address

Activate the card in the app to start using your account.