Monzo app

Monzo the app-based bank

Monzo Bank was introduced in 2015. Today it offers a new way of banking; an account managed and run entirely through a mobile app.

You can spend, save and manage your money all in one place and open a full UK bank account from your phone, for free.

The benefits include better visibility and more control over your money with less time spent on finances meaning more time to build your customers and sales.

However, the account isn’t open to everyone. This includes partnerships (including Limited Liability Partnerships), charities, limited companies by guarantee, community interest companies and trusts and funds.

You can find the full list here and is only open to UK Sole Traders and Limited companies that only pay UK tax with an active Company Director and one other person.

Why we love Monzo for businesses

The account offers an integrated accounting feature which allows you to sync your business account with Xero, FreeAgent and QuickBooks (if you choose the ‘Business Pro’ price package), making tax and accounting process significantly easier. Businesses can also put their cash in “sub pots” or accounts to save for specific overheads and expenses. If you use other tools or don’t use any accounting software, easily export a file of your transactions (CSV, PDF or QIF) whenever you need to.

You can manage your business account wherever you are, with mobile and web access with in-app invoicing and digital receipts.

If you are a Monzo customer and you sign up to one of the price packages we will also manage the sign-up process to your preferred accounting software (mentioned above), for free, provide training and any additional support to make sure you are up and running successfully syncing up all your personal or business transactions in no time at all.

sync your business
Monzo business card

How Monzo benefits business customers

Fully regulated UK bank

  • Regulated by all the same rules as high street banks
  • Open an account straight from your phone
  • Award-winning customer support, 24/7

Choose what to set aside for tax, use tax pots to:

  • Move money easily with free, instant bank transfers (the UK only)
  • Automatically set a percentage of your income aside when you're paid
  • Neatly separate your money, all in one bank account
  • Stop worrying about saving, and spend more time on your business
tax, use tax pots
Fusion Accounting partners

Our accounting software partners

As part of our fixed priced packages, we can offer you a fully rounded accountancy support and online software packages making your life as a Dentist much simpler!

Our online accounting software Xero, Freeagent and QuickBooks makes it so much easier for you to keep on top of your accounting records, expenses, payroll, VAT and bookkeeping.

Send invoices, import bank statements directly from your bank account, record expenses and get a real-time view of your accounts and how much tax you owe – 24/7.