Monzo

Monzo is a UK bank that offers a business current account for limited companies and sole traders. The contract is with Monzo Bank Limited (company number 09446231, FSR number 730427), which is regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Business account The Monzo Business Account is managed in a mobile app. Its terms bind the customer to the bank, and they forbid using the account as a personal one, so business and private finances must be kept apart. Eligible customers are limited companies and sole traders.

Support Help is available in the app, by email and by telephone, and the service is provided in English. This suits owners who want to run their banking from a phone without visiting a branch.

Registered office The bank's office is at Broadwalk House, 5 Appold Street, London EC2A 2AG.

Who it suits The account suits UK start-ups, freelancers and small companies that prefer app-based banking and a straightforward current account. The published data does not set out monthly fees, payment limits, international transfer options or deposit protection, so a business that needs foreign payments, cash deposits or credit should check those points with the bank before opening an account.