Digits vs Monzo Business: Complete Comparison (2026)
An in-depth comparison of Digits and Monzo Business to help you choose the right tool for your business.
Last updated: November 2026
Digits
6.1/10
Digits is an AI-driven general ledger that books, reconciles and reports for US small businesses, startups and the accounting firms that serve them.
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.1/10 | 6.5/10 |
| Scalability | 5/10 | 3/10 |
| Analytics | 8/10 | 4/10 |
| Compliance | 5/10 | 7/10 |
| Integration | 5/10 | 6/10 |
| Security | 7/10 | 7/10 |
| Support | 6/10 | 6/10 |
| Cost | 6/10 | 8/10 |
| Customization | 5/10 | 4/10 |
| Ease of Use | 8/10 | 9/10 |
| Pricing | ||
| Free plan | No | Yes |
| Cheapest paid plan | $65/mo Essentials | £9/mo Pro |
| Estimated cost for 10 users | $65/mo Essentials | £25/mo Team |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Accountant Access | ||
| Invoicing | ||
| Online Payments | ||
| Accounts Payable | Not listed | |
| Bank Reconciliation | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Corporate Cards | Not listed | |
| Expense Management | Not listed | |
| Inventory Accounting | Not listed | |
| Multi-currency | Not listed | |
| Multi-entity Consolidation | Not listed | |
| Payroll | ||
| Tax Compliance | Not listed | |
Digits vs Monzo Business cost by team size
| Team size | Digits | Monzo Business |
|---|---|---|
| 1 user | $65/moEssentials | £9/moPro |
| 5 users | $65/moEssentials | £25/moTeam |
| 10 users | $65/moEssentials | £25/moTeam |
| 25 users | $65/moEssentials | FreeLite |
| 50 users | $65/moEssentials | FreeLite |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Digits
- Higher Analytics score (8/10 vs 4/10)
- Higher Scalability score (5/10 vs 3/10)
- Better fit for startups (9/10 vs 7/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes General Ledger, which Monzo Business lacks
Why choose Monzo Business
- Has a free plan (Digits does not)
- Higher Compliance score (7/10 vs 5/10)
- Higher Cost score (8/10 vs 6/10)
Pros & Cons
Digits
Pros
- The AI ledger books most transactions automatically and sends only uncertain entries to a review inbox.
- Reviewers praise the live dashboards and the ability to drill from a trend down to the transaction behind it.
- Flat per-business pricing with no seat fees, starting at $65 a month.
- Bill pay, invoicing and multi-entity are included in every plan.
- An API and MCP server let developers connect AI tools such as Claude and ChatGPT.
Cons
- No inventory accounting, so it does not suit product-heavy businesses.
- No native payroll; it relies on connections to providers such as Gusto.
- Bank connections through Plaid can break and need re-authentication.
- Complex accruals still need manual work, and some accountants distrust automated decisions they cannot see into.
- Budget vs actuals and custom reports are tied to a Pro plan that is not yet available.
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.1/10 for Digits. The largest gap is in Analytics: 8/10 for Digits and 4/10 for Monzo Business.
Monzo Business has a free plan; Digits does not list one.
Digits is the better fit for startups: we rate it 9/10 for them, against 7/10 for Monzo Business.
Digits has Financial Reporting and General Ledger, which Monzo Business lacks.
