Monzo Business vs Revolut Business: which is better for a UK limited company?

Monzo is the cleaner UK business bank account. Revolut is the stronger international finance tool. The better choice depends on whether your company trades mainly in the UK or across currencies.

By Sam Morris

For most UK-only limited companies, Monzo Business is the simpler choice. It's a full UK bank, the FSCS position is clear, the app is clean, and Pro adds the accounting integrations most small companies actually want.

Revolut Business is better if your limited company works internationally. If you hold multiple currencies, invoice overseas clients, pay foreign suppliers, run an e-commerce business, or manage a larger team with cards and spending controls, Revolut is usually the more powerful tool.

This comparison is mainly for UK limited company directors. One important point upfront: Monzo Business supports sole traders, but Revolut Business does not. Revolut's eligibility wording specifically excludes sole traders, charities, public-sector organisations and co-operatives. So if you're a sole trader, this isn't a like-for-like choice. If you've just incorporated, read business bank account for a new limited company first.

Monzo Business vs Revolut Business at a glance

Feature	Monzo Business	Revolut Business
Best for	UK-first limited companies	International, multi-currency companies
Sole traders	Supported	Not supported
Bank status	Full UK bank	UK bank licence from 11 March 2026, but migration ongoing
FSCS position	Clear FSCS protection up to £120,000	Depends on whether your account sits with Revolut Bank UK Ltd or Revolut Ltd
Entry plan	Lite is free	Basic at £10/month
Main paid plans	Pro £9/month, Team from £25/month	Grow £35/month, Scale £125/month, Enterprise custom
Accounting integrations	On Pro and Team	Available across plans
International use	Limited; outbound international payments routed via Wise	Strong, native multi-currency
Team tools	Better on Team	Stronger across paid plans

The short version: choose Monzo if you want straightforward UK banking. Choose Revolut if international money movement is central to the business.

Eligibility: who can open each account?

Monzo Business supports sole traders and directors of UK limited companies. It doesn't support every legal structure. Partnerships, LLPs, charities, CICs and several other business types sit outside its current supported list.

For limited companies, Monzo expects the business to be UK-based and UK tax resident. If your company has overseas directors, overseas tax residence, corporate shareholders or a more complex structure, Monzo may not be the easiest route.

Revolut Business is not aimed at UK sole traders. Its UK business eligibility says the company must be fully incorporated, must not be a charity, public-sector organisation, co-operative or sole trader, and must not operate in an unsupported industry. The applicant's legal home address must be in the UK, Switzerland, or EEA.

Where Revolut becomes more interesting is international founder situations. Revolut accepts UK or EEA-registered companies where the company can prove physical presence in the UK or EEA, and the person applying lives in a supported country. That can make Revolut more relevant than Monzo for some overseas founders, though it isn't a guaranteed route.

If residency is your main problem, read business bank account for a non-UK resident director before applying randomly.

FSCS protection: Monzo is simpler

This is one of the clearest differences.

Monzo is a full UK bank. Eligible deposits are protected by the Financial Services Compensation Scheme up to £120,000 per eligible depositor, per authorised firm. There's no complicated migration story to understand.

Revolut is more complicated in 2026.

Revolut Bank UK Ltd became a fully licensed UK bank on 11 March 2026. That's a major change. But Revolut has also said the move to the UK bank entity is gradual, and customers signing up after launch may still be onboarded to an e-money account with Revolut Ltd while the migration happens.

That means you shouldn't assume every Revolut Business account is already sitting with the UK bank entity and FSCS-protected in the same way. Check the terms shown during onboarding and confirm which entity your account is with.

The verdict: Monzo wins for FSCS clarity. Revolut may be bank-protected where the account is with Revolut Bank UK Ltd, but the entity check matters.

Pricing: Monzo is easier to understand

Monzo's pricing is simple.

Lite is free. Pro is £9 a month. Team starts from £25 a month.

For many small limited companies, Lite is enough to receive payments, pay suppliers and keep company money separate. But Lite isn't the full Monzo Business experience. If you want integrated accounting, invoicing, Tax Pots and more useful business features, Pro is the realistic plan to compare.

Revolut Business pricing was updated in February 2026:

• Basic: £10 per month
• Grow: £35 per month or £360 per year
• Scale: £125 per month or £1,080 per year
• Enterprise: custom pricing

Older Revolut marketing materials may still reference earlier prices (£30 for Grow, £90 for Scale), so check the current Business Fees pages directly before committing.

The broader point still holds. Monzo is cheaper and clearer to start. Revolut is more compelling when you actually use the international, FX and team-management features.

UK banking basics: Monzo feels cleaner

If your limited company is mainly UK-based, Monzo feels like the more natural business current account.

You have a UK business current account with a UK bank. You can use Pots to separate tax or operating cash. You can connect accounting software on Pro. The app is familiar if you already use Monzo personally.

Many directors don't need 25 currencies, international accounts and layered spend controls. They need to invoice UK clients, receive Faster Payments, pay HMRC, pay software subscriptions, set aside Corporation Tax and stop mixing business money with personal money.

For that use case, Monzo is hard to argue against.

Revolut can handle UK banking basics, but it doesn't feel as purpose-built for the simple UK-only company. It's strongest when the business goes beyond domestic banking.

International payments and FX: Revolut wins

This is where Revolut Business makes much more sense.

If your company invoices in euros, pays US software suppliers, buys inventory in dollars, pays freelancers abroad, or runs an e-commerce store with international cash flows, Revolut is usually the better fit.

Revolut Business supports multiple currencies and local/global account details. Its pricing structure includes monthly exchange allowances per plan: Basic includes up to £1,000 in fee-free currency exchange, Grow includes up to £15,000, Scale includes up to £60,000. Beyond the allowance, a 0.6% fee applies, with additional fees outside standard FX market hours.

Monzo is fine for basic UK business banking, but it isn't built around multi-currency finance in the same way. In fact, Monzo doesn't natively support outbound international transfers — these are routed via Wise instead, with Wise's fees applying.

For a UK-only design agency, Monzo may be enough. For an e-commerce company buying stock in euros and selling in pounds, Revolut is more relevant.

If international payments are occasional, choose Monzo and use a specialist service when needed. If international payments are part of the business model, Revolut deserves serious consideration.

Accounting integrations: Monzo Pro is the key plan

Monzo Lite isn't the plan to choose if accounting integration is the main reason you're opening the account.

Monzo's accounting integrations sit with Pro and Team. Those plans connect with Xero, FreeAgent, QuickBooks and Sage. Pro also adds invoicing and Tax Pots, which are genuinely useful for small limited companies.

That means the real comparison isn't Monzo Lite versus Revolut. It's Monzo Pro versus Revolut Basic or Grow.

If your company is a simple UK business using Xero or FreeAgent, Monzo Pro is a sensible setup. You get clean domestic banking, accounting integrations and a straightforward UK bank structure.

Revolut Business also has integrations, but its stronger angle is broader finance operations: currencies, team spending, cards, expenses and international payments. If accounting integration is the only thing you care about, Monzo is usually easier. If finance operations are more complex, Revolut becomes more attractive.

Cards, virtual cards and team access

Monzo and Revolut both become more interesting when your company has more than one person spending money.

Monzo Pro includes virtual cards. Team adds employee expense cards, spending limits, multiple access levels and bulk payments — for up to 15 team members on limited company accounts.

Revolut is stronger where team spending becomes more operational. It's built for companies managing multiple cards, international payments, expense workflows and different permission levels. Custom spend rules are available on Grow, Scale and Enterprise plans. For a larger agency, startup or e-commerce company, that can be more useful than Monzo's cleaner but simpler banking setup.

For a one-person UK limited company, this may not matter. For a company with five staff, remote contractors and overseas suppliers, it matters a lot.

Which is better for startups, e-commerce and agencies?

For a UK-only startup, Monzo Business is often the better starting point. It's cheaper to begin with, clearer on FSCS, and easier to understand. If you're pre-revenue or early-stage, you probably don't want to pay for international features you aren't using.

For an international startup, e-commerce company or agency with overseas clients, Revolut is more useful. These businesses often deal with foreign suppliers, marketplace payments, ad platforms, remote contractors and currency conversion. That's where Revolut's multi-currency setup matters.

So split it simply:

• UK-only startup or agency: Monzo
• International startup, e-commerce business or agency: Revolut

What about Making Tax Digital?

This comparison is mainly about limited companies, so keep MTD in its place.

Making Tax Digital for Income Tax doesn't apply to limited companies. It applies to sole traders and landlords above the relevant income thresholds. MTD for Corporation Tax has been shelved.

If your company is VAT-registered, MTD for VAT can still matter. In that case, accounting integrations and clean bank feeds are useful, whichever provider you choose.

But don't choose Monzo or Revolut because someone told you a limited company needs MTD for Income Tax. It doesn't.

So which one should you choose?

Choose Monzo Business if:

• Your company is UK-first
• You want simple FSCS clarity
• You want a clean app-first business account
• You don't need serious multi-currency tools
• You're happy paying £9/month for Pro if you need integrations
• Your company has a simple UK limited company structure
• You want something your accountant will understand quickly

Choose Revolut Business if:

• Your company has international clients
• You hold or exchange multiple currencies
• You pay overseas suppliers or contractors
• You run e-commerce or SaaS
• You need more team spending controls
• You're happy checking the Revolut entity before relying on FSCS protection
• You'll use the paid-plan allowances enough to justify the cost

If you're comparing app-first UK business accounts more broadly, you may also want to read Tide vs Starling business account.

Our view

Monzo Business is the better choice for a simple UK limited company.

That doesn't mean it's more powerful. It means it's cleaner. The bank status is clear. FSCS protection is easy to understand. The app is simple. Pro gives most small companies the accounting features they actually need.

Revolut Business is the better choice for a company that's already international, or clearly heading that way. It's stronger for FX, currencies, overseas payments, global teams and e-commerce-style cash flows.

The mistake is choosing Revolut because it sounds more advanced when your company only needs UK banking. The opposite mistake is choosing Monzo because it feels simpler when your business is constantly moving money across borders.

The blunt answer:

Monzo for UK-first limited companies. Revolut for international limited companies.

FAQ

Is Monzo Business better than Revolut Business?

For a simple UK limited company, yes. Monzo is usually easier to understand, cheaper to start, and clearer on FSCS protection. Revolut is better if your business has international payments, multi-currency balances or larger team-spend needs.

Is Revolut Business FSCS-protected in the UK?

Revolut Bank UK Ltd became a fully licensed UK bank on 11 March 2026, but Revolut has said migration is gradual and some customers may still be onboarded to Revolut Ltd as an EMI during the transition. Check which entity your account is with before relying on FSCS protection.

Does Monzo Business accept sole traders?

Yes. Monzo Business supports sole traders and directors of UK limited companies, subject to eligibility.

Does Revolut Business accept sole traders?

No. Under Revolut's UK Business eligibility wording, sole traders aren't supported for Revolut Business.

Which is cheaper, Monzo Business or Revolut Business?

Monzo is cheaper to start because Lite is free and Pro is £9/month. Revolut Business pricing starts with Basic at £10/month, with higher paid plans for larger businesses (Grow at £35/month, Scale at £125/month). Revolut can still be better value if you use the FX, international and team features.

Does Monzo Business integrate with Xero?

Yes, but the useful accounting integrations are on Monzo Pro and Team, not the basic free Lite plan. Pro is the plan most Xero or FreeAgent users should compare.

Which is better for international payments?

Revolut Business. International payments, multi-currency balances and FX are the main reasons to choose Revolut over Monzo. Monzo doesn't natively support outbound international transfers — they're routed via Wise instead.

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Sam Morris is the pen name of the founder of comparebusinessbanking.com.