If you’re self-employed, a side hustler, or running deliveries full-time, managing your money smartly is essential. The Monzo Business Account offers a quick, easy, and digital-first banking experience – and right now, you can earn £50 just for signing up.
Let’s break down how it works and why it’s a smart move.
What Is the Monzo Business Account?
Monzo is a UK digital bank known for its smart budgeting tools, fast setup, and user-friendly app. Their Business Account is designed for sole traders and limited companies who want to keep their personal and business finances separate.
Key features include:
Instant notifications for payments
Built-in tax pots (automated savings)
Easy invoice creation
Integration with QuickBooks, Xero, and other accounting apps
No monthly fees on the Lite Plan
How to Get Your £50 Bonus
Here’s how to claim your £50 free bonus (referral or offer link required):
Use a Referral Link
Sign up through a valid Monzo Business referral link or special promotion.Open a Monzo Business Lite or Pro Account
The Lite Account is free, and still qualifies for the bonus.Deposit At Least £1,000
You must deposit £1,000 (one-time or in total) into the business account.Use It Like a Real Business Account
Make at least one business-related transaction (e.g., fuel, supplies, food, etc.).Receive £50 Automatically
Once the requirements are met, Monzo deposits the £50 into your account. Simple.
Why It’s Great for Self-Employed Drivers & Creators
Separation of Business & Personal Spending
Keeps things cleaner for taxes and budgeting.Tax Pots Help You Save Without Thinking
Automatically set aside a percentage of each deposit.Instant Notifications Help You Track Expenses
Know the moment fuel, gear, or app fees are paid.Prepares You for Self-Assessment Tax Season
Categorising business transactions is easier and faster.
Monzo Business Lite vs Pro – Which Should You Choose?
| Feature | Lite (Free) | Pro (£5/month) |
|---|---|---|
| Invoicing Tools | No | Yes |
| Integrated Accounting | No | Yes |
| Tax Pots | Yes | Yes |
| 24/7 Support | Yes | Yes |
| Works with QuickBooks/Xero | Limited | Full Access |
Tip: Start with Lite. You can always upgrade later.
Who’s Eligible?
UK residents aged 18+
Sole traders or directors of limited companies
Must use the account for business purposes (even if part-time)
Final Thoughts
If you’re running your own thing — be it deliveries, freelance admin, or side hustles — having a dedicated business account like Monzo makes life easier. With zero monthly fees on Lite, smart tools built-in, and £50 in your pocket, this is one of the best starter business accounts around.
Want to claim your £50 bonus?
