Running a business isn’t just about crunching numbers or sending invoices. It’s about the freedom to build something your way, to chase your vision, and to feel in control of your finances from day one.
And that’s where the Monzo Business Card steps in. It’s more than a card—it’s a companion built for freelancers, side hustlers, and seasoned pros who want banking that works as hard as they do.
Advantages of the card
- Fast and frictionless setup
Applying for a Monzo Business Card takes just minutes, and most accounts are opened the same day. You won’t get buried in forms or have to wait days for a response—just download the app, answer a few questions, and you’re good to go. - 24/7 support from real people
If something goes wrong, you won’t be stuck with a robot. Monzo offers around-the-clock support through its in-app chat with actual human beings who are quick, helpful, and friendly. That’s peace of mind, anytime. - Easy expense tracking
You can hand out expense cards to your team, set custom limits, and receive instant alerts when they make purchases. No more chasing down receipts or wondering where company funds went. - Smart integrations with accounting tools
Monzo connects with tools like Xero, Sage, FreeAgent, and QuickBooks, helping you stay on top of your finances without breaking a sweat. Bookkeeping becomes less of a burden and more of a background task. - Tax pots that think ahead for you
You can set aside a percentage of every incoming payment for taxes. These auto-saving “pots” help you stay ahead of your bills and avoid any nasty surprises come tax season. - Solid savings options
If you’ve got extra cash lying around, Monzo helps you put it to work with up to 1.50% AER interest. There’s no minimum deposit and interest gets paid monthly—sweet and simple. - Multi-channel payments
Get paid however it suits you—QR codes, payment links, card terminals, or invoices. Whether you’re selling online or face-to-face, Monzo has your back.
Disadvantages of the card
- Not available to all businesses
If you’re not a UK-based sole trader or director of a limited company, Monzo’s business account is out of reach. That leaves out a chunk of entrepreneurs and partnerships who might want in. - Premium features come at a cost
While there’s a free Lite version, some of the handiest tools—like expense cards or tax pots—are locked behind paid plans. It’s not ideal for businesses trying to keep monthly costs tight. - Limited in-person services
As a fully digital bank, Monzo doesn’t have physical branches. If you prefer walking into a bank and speaking face-to-face, this might feel like a downside. - Cash and cheque handling can be clunky
Even though you can deposit cheques and cash, the process isn’t as seamless as some traditional banks. Cash deposits have to be done via PayPoint, and cheque handling can take time. - Web app is limited
Monzo’s desktop interface isn’t as full-featured as the mobile app. If you rely on a computer for business banking, you might miss some important tools.
Extra features offered by Monzo business card
Monzo is a UK-based, fully regulated digital bank that’s earned a name for shaking up the banking space. As the 2024 winner of the British Bank Award for Best Business Banking Provider, Monzo isn’t just trendy—it’s trusted.
Its Business Card isn’t made for the corporate giants; it’s built with small business owners, freelancers, and hustlers in mind. From freelancers making their first client deal to limited companies scaling operations, Monzo speaks your language.
With a strong focus on financial empowerment, flexibility, and automation, the platform fits right into the fast-paced lifestyle of modern entrepreneurs.
Learn how to apply for your credit card
Starting your journey with the Monzo Business Card is like entering a new era of effortless banking. Everything from the sign-up process to everyday management feels custom-made for busy professionals who value speed and simplicity.
There’s no mountain of paperwork, no exhausting wait times. And once you’re in, a world of intuitive tools and clear money management is right at your fingertips. If you’re ready to ditch the traditional banking experience in favor of something smoother, Monzo is ready for you.
Discover the main ways to apply for the card
Applying for a Monzo Business Card feels like setting up an account with a best friend who just gets your business. No complicated forms, no waiting in lines, no stiff suits involved.
Prerequisites for request
To qualify for a Monzo Business Card, there are a few must-haves you’ll need to tick off. First and foremost, you must be based in the UK and either a sole trader or a director of a registered limited company.
Partnerships, charities, and non-profits, unfortunately, won’t qualify at the moment. You also need to be 18 or older, have a valid UK phone number and address, and your business must pass the necessary verification and compliance checks.
This includes providing basic ID, company registration information (for limited companies), and details about what your business does. Monzo will also ask for info to ensure you meet legal and regulatory standards, especially around financial crime prevention.
From the site
Applying through the Monzo website is a clean, straightforward experience designed to get you up and running fast. You’ll find the application portal on the business section of their site, where you can start by entering a few essential details about yourself and your business.
Monzo will then walk you through a simple set of verification steps. You’ll need to provide documentation, confirm your identity, and agree to the terms—all from your browser.
Once submitted, Monzo typically reviews your application quickly, with most accounts approved the same day. It’s a great option for those who prefer a larger screen or just want to feel more in control during setup.
From the site App
The Monzo app is where the magic really happens. Available on both Android and iOS, it makes applying for your business card feel as natural as sending a text.
Once you download the app, you’ll be guided through an intuitive onboarding process that collects your business info, verifies your identity, and walks you through all available account options.
By agency
Monzo is a digital-first bank, and that means you won’t find traditional branches dotted across the high street. The application process for the Monzo Business Card is entirely online—either through the website or app.
While some users might miss the in-person experience of walking into a branch and speaking to a banker, Monzo makes up for it with responsive customer support and a slick digital interface. If face-to-face service is a must for you, this might be a hurdle.
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