- Business Account Options: Three tiers, Lite, Pro and Team, from a free account up to team spending controls.
- Invoicing Tools: Let you create, customize, send, and track invoices directly from your account.
- Payment Tracking: Show whether an invoice has been viewed or paid, and allows follow-up reminders.
- Integrated Payments: Accept secure online payments through links in invoices for faster transactions.
- Accounting Integration: Connects to Xero, FreeAgent, Sage and QuickBooks, and sole traders can file straight to HMRC under Making Tax Digital.
- Tax Pots: Let you set aside money automatically for taxes to help with financial planning.
- Expense Management: Provide tools to categorize spending and track business costs easily.
- Multi-User Access: Allow teams to manage accounts together with separate permissions for each member.
- Instant Notifications: Send real-time alerts for payments, transfers, and other account activities.
- Mobile and Web Access: Full account management in the Monzo app, plus a web app that Monzo describes as a lighter version covering the essentials.
Monzo
Monzo Business Invoicing helps businesses create, send, and track invoices for faster payments.
Updated July 29, 2026
Monzo Overview
Monzo Business Invoicing is a feature within Monzo’s business banking service that allows companies to create, customize, and send professional invoices directly from their account. It simplifies payment collection by enabling clients to pay securely through various methods.
The platform also provides tools to track invoice status, send reminders, and manage records, helping businesses save time and maintain efficient cash flow management.
Key Features
Pricing
| Plan | Monthly Price | Key Inclusions (relevant to invoicing) |
|---|---|---|
| Lite | Free | Free UK business current account: instant UK transfers, cash and cheque deposits, card payments, payment links, international payments, Making Tax Digital filing, 24/7 support and FSCS protection up to £120,000. Invoicing is not included. |
| Pro | £9/month (first month free) | Everything in Lite plus create, customise, send and chase invoices, automatic tax Pots, auto-exports, integrated accounting with Xero, FreeAgent, Sage or QuickBooks, connected accounts and custom categories. |
| Team | From £25/month | Everything in Pro plus expense cards with spending limits, payment approvals, team access levels, a bigger team allowance and bulk payments for paying salaries and suppliers in one go. |
| Eligibility | — | Only UK sole traders and limited company directors can apply, and accounts are held in pounds sterling only. |
Pricing source: https://monzo.com/business-banking/plans-pricing
Pros
| Competitor | Pros of Monzo |
|---|---|
| Revolut Business | Monzo folds invoicing into Pro at £9 a month, and the same plan handles tax Pots and accounting exports without a second subscription. Revolut Business opens at £10 a month for Basic and climbs to £30 for Grow and £90 for Scale, with the spend and billing tools spread across those tiers. Every Monzo Business plan, the free Lite tier included, comes with 24/7 support and FSCS protection up to £120,000. |
| Starling Bank | Monzo’s Pro plan creates, sends and chases invoices inside the same app that holds the account, and connects to Xero, FreeAgent, Sage or QuickBooks for bookkeeping. More than 800,000 businesses bank with Monzo and over 80% of business accounts are opened the same day they are applied for. For a sole trader who wants to raise an invoice and move on, that single-app flow is less to learn than assembling a toolkit. |
| Tide | Monzo keeps invoicing, tax Pots, expense cards and bulk payments inside one banking app instead of treating them as bolt-ons. Tide’s paid plans run £12.49, £27.49 and £69.99 a month, all above Monzo’s single Pro tier. Monzo also pays up to 1.30% AER variable on spare balances with no minimum deposit, and its expense cards capture receipts, reasons and VAT rates in the app. |
Cons
| Competitor | Cons of Monzo |
|---|---|
| Revolut Business | Monzo Business accounts are held in pounds only. International payments are available on every plan, but there is no multi-currency account to hold or exchange foreign balances. Revolut Business supports 25+ currencies and lets you open as many currency accounts as you need, so importers and exporters will feel the constraint. |
| Starling Bank | Starling charges no monthly fee at all and still includes invoicing, while Monzo puts invoicing behind Pro and leaves the free Lite tier without it. Starling also lets you pay in cash at the Post Office for a 0.7% fee with a £3 minimum, and offers a wider set of currencies for businesses trading abroad. |
| Tide | Tide leans further into SME lending and bookkeeping partnerships than Monzo does, and its Free plan carries no monthly fee at any point. Monzo Business is also UK-only and open solely to sole traders and limited company directors, so an overseas entity cannot apply, and its web app is described by Monzo as a light version of the phone experience. |
Reviews
- Trustpilot Review (Rating: 4.6/5 from more than 70,000 reviews): This is the whole-bank profile, so most feedback concerns personal accounts rather than business ones. Customers credit the app with making spending legible at a glance, and savings Pots, cashback and round-ups get repeated mentions. Support draws praise too, including a scam claim refunded within 30 minutes. Complaints cluster around cheque deposits and unexpected charges tied to savings challenges.
- Independent business account service quality survey: The only business-specific benchmark Monzo publishes is the survey the Competition and Markets Authority requires. BVA BDRC ran it between July 2024 and June 2025 and it was published in February 2026, asking roughly 1,200 customers of each of the 17 largest business current account providers whether they would recommend them to other SMEs, with 20,450 people surveyed in total. Monzo cites the result as making it Britain’s recommended business account for overall service quality.
- Reddit r/monzo: The thread argues both sides of the account-freeze reputation. One long answer says the complaints are a visible minority and that a freeze is “only going to happen if you are making suspicious payments and receiving money from bank accounts which have been used for dodgy activities”; another poster agrees Monzo may set lower thresholds than rivals but “don’t freeze them for no reason.” A third disputes that flatly, describing an elderly couple frozen out for two weeks over a £400 crypto transfer to a relative. Elsewhere in the thread a customer misses early payday, noting that “now that it’s not BACS I have to wait till payday,” and even a fraud victim says “the app was really simple to use and had zero issues up until that point.”
- Forbes Review: The overview covers the app-based banking model and the range of money management tools built into it, focusing on features that help customers stay on top of their finances.
- digitalnomads.world Review: The write-up favours Monzo for a seamless digital banking experience, strong budgeting tools, instant notifications and fee-free foreign spending compared with traditional banks. It notes tiered ATM withdrawal limits against Starling’s unlimited free foreign withdrawals, and says Wise often gives better exchange rates when multiple currencies are involved.
