Monzo Business vs Statrys: Complete Comparison (2026)
An in-depth comparison of Monzo Business and Statrys 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.
Statrys
5.9/10
Statrys gives SMEs incorporated in Hong Kong and Singapore a multi-currency business payment account with cards, FX, invoicing, accounting services, and company secretary services.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 5.9/10 |
| Scalability | 3/10 | 5/10 |
| Analytics | 4/10 | 3/10 |
| Compliance | 7/10 | 6/10 |
| Integration | 6/10 | 5/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 8/10 |
| Cost | 8/10 | 7/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 9/10 | 7/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £9/mo Pro | HK$892/mo Accounting |
| Estimated cost for 10 users | £25/mo Team | Free Business Account |
| Features | ||
| Multi-currency | ||
| Accountant Access | ||
| Corporate Cards | ||
| Invoicing | ||
| Bank Reconciliation | Not listed | |
| Expense Management | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | Not listed | |
| Online Payments | Not listed | |
| Payroll | Not listed | |
| Tax Compliance | Not listed | |
Monzo Business vs Statrys cost by team size
| Team size | Monzo Business | Statrys |
|---|---|---|
| 1 user | £9/moPro | FreeBusiness Account |
| 5 users | £25/moTeam | FreeBusiness Account |
| 10 users | £25/moTeam | FreeBusiness Account |
| 25 users | FreeLite | FreeBusiness Account |
| 50 users | FreeLite | FreeBusiness Account |
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
- Higher Ease of Use score (9/10 vs 7/10)
- Higher Analytics score (4/10 vs 3/10)
Why choose Statrys
- Higher Scalability score (5/10 vs 3/10)
- Higher Support score (8/10 vs 6/10)
- Better fit for enterprise (3/10 vs 1/10)
- 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
Statrys
Pros
- Holds 11 currencies, including HKD and CNY, under one account number, which helps companies trading with Hong Kong and China.
- No monthly account fee as long as the business makes at least five outgoing payments a month.
- Low FX markups, starting at 0.1% on major currency pairs.
- One provider covers payments, cards, invoicing, accounting and company secretary services for Hong Kong companies.
- Support is handled by people rather than bots, in several languages, and Trustpilot reviewers frequently praise fast onboarding.
Cons
- Not a bank, so deposits are not insured, and eligibility mostly excludes companies incorporated outside Asia.
- No native batch payments, and forward FX hedging requires going through sales.
- Fewer currencies than Wise Business or Airwallex.
- Card and ATM transactions outside HKD cost 1.99%, and physical cards delivered outside Hong Kong and Mainland China cost HKD 300.
- No built-in general ledger or financial reporting; accounting is sold as a separate service.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 5.9/10 for Statrys. The largest gap is in Ease of Use: 9/10 for Monzo Business and 7/10 for Statrys.
Yes, both Monzo Business and Statrys have a free plan.
Statrys is the better fit for enterprise: we rate it 3/10 for them, against 1/10 for Monzo Business.
Statrys has Multi-currency, which Monzo Business lacks.
