Monzo, a leader in digital banking, continues to innovate with the introduction of its latest offering: the Monzo Business Team plan. Since launching its business accounts over four years ago, Monzo has been empowering sole traders and small businesses with intuitive banking solutions through its Lite and Pro plans. Now, with the Team plan, Monzo is catering to the needs of larger small businesses, offering them the tools and flexibility to streamline administrative tasks and financial management.
Designed for limited companies, the Team plan provides a range of features that can accommodate up to 15 employees. It offers employee expense cards, customizable spending limits, and tiered access to the business account, ensuring that owners and managers maintain control while enabling their teams to handle day-to-day operations more efficiently. One of the standout features is bulk payments, simplifying processes like payroll and supplier payments with the ability to pay multiple people at once, reducing the need for manual entries.
Starting at £25 per month, the Team plan also offers a free three-month trial for those who sign up before January 31, 2025. This plan aims to save time for business owners and managers by minimizing tedious tasks like approving expenses and tracking team spending, while also ensuring that financial operations remain smooth and compliant.
With over 500,000 UK businesses already banking with Monzo, and having earned recognition as the 2024 Best Business Banking Provider, Monzo Business continues to make life easier for growing businesses. By introducing the Team plan, Monzo ensures that businesses of all sizes can stay on top of their finances while focusing on what matters most—growing their business.
