{"id":553403,"date":"2025-02-12T14:52:38","date_gmt":"2025-02-12T14:52:38","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=553403"},"modified":"2026-03-23T11:21:22","modified_gmt":"2026-03-23T11:21:22","slug":"monzo-business-vs-revolut-business","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-banking\/monzo-business-vs-revolut-business","title":{"rendered":"Monzo Business vs Revolut Business: Which offers the best business bank account"},"content":{"rendered":"

Both Monzo<\/a> and Revolut<\/a> were founded in 2015. The 2 digital providers offer a suite of personal and business bank accounts, with slightly different features and fee structures. <\/p>

Here, we\u2019ve compared Monzo\u2019s free Lite business account with Revolut\u2019s Basic business account, so that you can work out which is more suitable for your business.<\/p>

Monzo vs Revolut business: Vital statistics<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Finder score<\/th>9.3<\/span><\/span>Excellent<\/span><\/span><\/td>8<\/span><\/span>Great<\/span><\/span><\/td><\/tr>
Customer satisfaction survey<\/th>4.2 <\/span>
\u2605\u2605\u2605\u2605\u2605<\/div><\/td>
3.9 <\/span>
\u2605\u2605\u2605\u2605\u2605<\/div><\/td><\/tr>
Free spending abroad<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Interest when you're in credit<\/th>0%<\/td>0%<\/td><\/tr>
Branch access<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
FSCS protected<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Product image<\/th>
\"Monzo\"<\/td>		\"Revolut<\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

Neither Monzo nor Revolut have bank branches, so you\u2019ll need to manage your account via their respective apps. The Revolut account comes with a slick black debit card and the Monzo account also comes with a black card, with the text written in its distinctive coral colour. Both accounts also offer fee-free spending overseas.<\/p>

Both Monzo and Revolut have UK banking licences, so your deposits are protected up to \u00a3120,000 per person through the Financial Services Compensation Scheme. <\/p>

Round 1: Account features<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Cash deposits<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Cheque deposits by post<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Cheque scanning<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Freeze\/unfreeze card in the app<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Extra cards for employees<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Accountancy software integrations<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Send money abroad<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Marketplace<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

There are a lot of similarities between the Revolut and Monzo accounts. Both let you freeze and unfreeze your card in the app and both enable you to send money overseas. Monzo permits international transfers through its partnership with Wise, although for outbound payments you\u2019ll need to sign up for a Wise account. <\/p>

However, while Revolut\u2019s account offers integrated accounting and additional cards for employees, you won\u2019t get either of these options with Monzo unless you upgrade your account for a fee. <\/p>

On the other hand, Revolut customers won\u2019t be able to cash in cheques or pay cash deposits into their business account, while Monzo permits both. You\u2019ll be able to pay in cash at any Post Office branch or at any UK PayPoint, and cheques can be paid in through the app or by post. <\/p>

Winner:<\/strong> Monzo. Being able to pay in cash and cheques is important with a basic business account. <\/p>

Round 2: Account costs<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Monthly account charge<\/th>Free<\/td>\u00a310<\/td><\/tr>
Fee for cash deposits<\/th>\u00a31 per deposit to pay in cash at any PayPoint or Post Office branch<\/td>Not accepted<\/td><\/tr>
Fee for cheque deposits<\/th>Free<\/td>Not accepted<\/td><\/tr>
Fee for payments in or out<\/th>Free<\/td>Free<\/td><\/tr>
Fee for direct debits<\/th>Free<\/td>Free<\/td><\/tr>
Fee for sending money abroad<\/th>Variable<\/td>\u00a35 per transfer<\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

You won\u2019t have to stump up a monthly account fee with Monzo, though Revolut has a monthly fee for its Basic account. There are no fees for payments in or out of these accounts, or for direct debits. <\/p>

Revolut, as we\u2019ve mentioned, doesn\u2019t accept cash deposits, but Monzo charges \u00a31 for each cash deposit made at a PayPoint or Post Office branch. You can only deposit between \u00a35 and \u00a3300 each time, with a limit of \u00a31,000 every 6 months.<\/p>

In terms of international transfer fees, Revolut charges a fixed \u00a35 per transfer. Monzo\u2019s fee (when using a Wise account) is variable and starts at 0.33% depending on the currency. On a \u00a32,000 transfer, that means paying at least \u00a36.60. If you\u2019re transferring directly through Monzo, you\u2019ll pay a fixed amount of between 50p and \u00a32.68, depending on the currency, and a variable amount on top (usually between 0.64% and 0.82%).<\/p>

Winner:<\/strong> Monzo. No monthly fee is a big selling point. <\/p>

Round 3: Spending in the UK<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Free card transactions<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Contactless card limit<\/th>\u00a3100<\/td>\u00a3100<\/td><\/tr>
Free ATM withdrawals<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

You won\u2019t be charged any fees if you spend on your Revolut or Monzo card in the UK and you can also use contactless payments. The contactless limit is the UK standard of \u00a3100.<\/p>

When it comes to withdrawing cash at an ATM, Monzo doesn\u2019t charge any fees but Revolut adds a fee of 2%.<\/p>

Winner:<\/strong> Monzo as it won\u2019t charge you for cash withdrawals.<\/p>

Round 4: Using the card abroad<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Free foreign transactions<\/th>Unlimited<\/td>Unlimited<\/td><\/tr>
Free foreign ATM withdrawals<\/th>Unlimited within EEA. \u00a3200 in any rolling 30-day period outside EEA. 3% fee after.<\/td>No, 2% fee<\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

Similarly, if you use either the Revolut or Monzo card for overseas business trips, you won\u2019t be charged a foreign transaction fee on your spending.<\/p>

If you withdraw cash abroad, Revolut still charges a 2% fee for each transaction. Monzo offers unlimited fee-free withdrawals within the EEA, but outside the EEA, you can only withdraw \u00a3200 fee-free every 30 days. A 3% fee applies if you exceed this limit. <\/p>

Winner:<\/strong> Monzo, but only just thanks to its fee-free cash withdrawals in the EEA.<\/p>

Round 5: Signing up<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Apply through the app<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Quick application<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Credit check<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Card delivery fee<\/th>Free<\/td>Free (pay delivery fee)<\/td><\/tr>
Card delivery timescale<\/th>2-5 working days<\/td>Up to 10 days<\/td><\/tr>
Replacement card fee<\/th>2 free replacement Monzo cards per account per year for any reason then charged \u00a35<\/td>\u00a34.99<\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

You should find it quick and easy to sign up to either the Revolut or Monzo account. Both accounts can be opened via their respective apps and you\u2019ll need to provide proof of ID, such as a passport or driving licence, and details about your business. Monzo also asks for proof of your business address. <\/p>

Neither account requires a credit check and once your application is complete, your card will be sent out in the post. Unlike Monzo, Revolut may charge a delivery fee \u2013 the amount will be shown in the app when you order your card. Your Monzo card should arrive within 2 to 5 working days, while your Revolut card can take up to 10 days to be delivered.<\/p>

Should you lose your card, Monzo provides 2 free replacement cards per year before charging \u00a35. Revolut doesn\u2019t provide any free replacements so you\u2019ll pay \u00a34.99 for each replacement. <\/p>

Winner:<\/strong> Monzo wins here as it charges no delivery fee and offers 2 free replacement cards per year. Delivery is faster too. <\/p>

Round 6: Customer support and account switching<\/h3>
\n \n
<\/th>\"Monzo<\/a><\/td>\"Revolut<\/a><\/td><\/tr>
Customer service via the app<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Customer service via a telephone line<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
CASS switch guarantee<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
<\/th><\/td>Go to site<\/a><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

If you\u2019re looking to switch your existing business account, only Monzo is signed up to the Current Account Switch Service. You\u2019ll need to transfer your account manually with Revolut.<\/p>

However, both providers offer 24\/7 in-app customer support and can be contacted by email.<\/p>

Winner:<\/strong> Monzo takes the lead here as you can switch with the Current Account Switch Service.<\/p>

Round 7: Customer reviews<\/h3>

Monzo doesn\u2019t have a dedicated page for business reviews, but overall, it scored 4.6 out of 5 on Trustpilot from more than 66,000 reviews (April 2026). Customers praised the intuitive app, although some commented on the poor customer support.<\/p>

Revolut\u2019s overall score was 4.7 out of 5 from almost 376,000 reviews (April 2026). Customers said the app was easy to use and loved the lack of fees for spending abroad, but a few said customer support wasn\u2019t great.<\/p>

Winner:<\/strong> Monzo. <\/p>

Overall winner: Is Monzo better than Revolut Business?<\/h3>

Although there are a lot of similarities between the Monzo and Revolut business accounts, Monzo pips Revolut to the post in this review, winning in all of the categories.<\/p>

Overall, Monzo charges fewer card fees, and customers can also benefit from cash deposits, and being able to switch using the Current Account Switch Service. <\/p>

Having said that, Revolut\u2019s account is still a solid offering and stands out for its transparent international transfer fees as well as accountancy software integration. If these features are more important to your business, the Revolut account will be the better choice. <\/p>

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>

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