Monzo Business vs Revolut Business: Complete Comparison (2026)
An in-depth comparison of Monzo Business and Revolut Business to help you choose the right tool for your business.
Last updated: November 2026
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.
Revolut Business
6.4/10
Revolut Business is a multi-currency business account. It includes team cards, invoicing and payment links, an optional expenses add-on and accounting integrations, and serves UK, EEA and US companies.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.4/10 |
| Scalability | 3/10 | 7/10 |
| Analytics | 4/10 | 5/10 |
| Compliance | 7/10 | 6/10 |
| Integration | 6/10 | 7/10 |
| Security | 7/10 | 7/10 |
| Support | 6/10 | 4/10 |
| Cost | 8/10 | 6/10 |
| Customization | 4/10 | 6/10 |
| Ease of Use | 9/10 | 8/10 |
| Pricing | ||
| Free plan | Yes | No |
| Cheapest paid plan | £9/mo Pro | £10/mo Basic |
| Estimated cost for 10 users | £25/mo Team | £10/mo Basic |
| Features | ||
| Multi-currency | ||
| Corporate Cards | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Accountant Access | Not listed | |
| Accounts Payable | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | ||
| Payroll | Not listed | |
| Tax Compliance | Not listed | |
Monzo Business vs Revolut Business cost by team size
Monzo Business costs less at 1 user; Revolut Business costs less from 5 to 10 users; Monzo Business costs less from 25 users.
| Team size | Monzo Business | Revolut Business |
|---|---|---|
| 1 user | £9/moPro | £10/moBasic |
| 5 users | £25/moTeam | £10/moBasic |
| 10 users | £25/moTeam | £10/moBasic |
| 25 users | FreeLite | £10/moBasic |
| 50 users | FreeLite | £10/moBasic |
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 Monzo Business
- Has a free plan (Revolut Business does not)
- Higher Support score (6/10 vs 4/10)
- Higher Cost score (8/10 vs 6/10)
- Better fit for freelancers (9/10 vs 4/10)
Why choose Revolut Business
- Lower estimated cost for 10 users: £10/mo vs £25/mo
- Higher Scalability score (7/10 vs 3/10)
- Higher Customization score (6/10 vs 4/10)
- Includes Multi-currency, which Monzo Business lacks
Pros & Cons
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
Revolut Business
Pros
- The monthly FX allowance at the interbank rate (up to 60,000 pounds on Scale) and more than 25 currency sub-accounts suit firms that pay suppliers abroad.
- Every plan includes card controls, and each team member can have up to 50 virtual cards.
- Xero, QuickBooks, Sage and FreeAgent connect on every plan, and more than 45 accounting tools are listed.
- From Grow up there is a Business API and bulk payments for automating payouts.
- In-app chat support is available 24/7 on all plans.
Cons
- There is no phone support, and a dedicated account manager is only offered on Enterprise.
- Charges add up past the allowances: 0.6% on FX overage, 1% outside market hours and 2% on cash withdrawals.
- There are no cash or cheque deposits, overdrafts, or inbound Direct Debits.
- Some users report accounts being frozen or restricted during compliance reviews.
- Expenses and Payroll cost extra per user on top of the plan fee.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.4/10 for Revolut Business. The largest gap is in Scalability: 3/10 for Monzo Business and 7/10 for Revolut Business.
Revolut Business costs less for 10 users: about £10/mo on its Basic plan, against about £25/mo on its Team plan for Monzo Business, billed monthly.
Monzo Business has a free plan; Revolut Business does not list one.
Monzo Business is the better fit for freelancers: we rate it 9/10 for them, against 4/10 for Revolut Business.
Revolut Business has Multi-currency, which Monzo Business lacks.
