Monzo Business vs Tide Comparison
Compare Monzo Business vs Tide features, pricing, and more.
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.
Tide
6.4/10
Tide is a UK app-based business current account for sole traders and small firms, with optional built-in invoicing, accounting, VAT filing and payroll.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.4/10 |
| Analytics | 4/10 | 5/10 |
| Compliance | 7/10 | 7/10 |
| Cost | 8/10 | 8/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 9/10 | 8/10 |
| Integration | 6/10 | 7/10 |
| Scalability | 3/10 | 4/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 4/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £9/mo Pro | £12/mo Smart |
| Estimated cost for 10 users | £25/mo Team | Free Lite |
| Features | ||
| Financial Reporting | ||
| Payroll | ||
| Accountant Access | ||
| Corporate Cards | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| General Ledger | Not listed | |
| Multi-currency | Not listed | |
Monzo Business vs Tide cost by team size
Tide costs less up to 10 users; Monzo Business and Tide cost the same from 25 users.
| Team size | Monzo Business | Tide |
|---|---|---|
| 1 user | £9/moPro | FreeLite |
| 5 users | £25/moTeam | FreeLite |
| 10 users | £25/moTeam | FreeLite |
| 25 users | FreeLite | FreeLite |
| 50 users | FreeLite | 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 Monzo Business
- Higher Support score (6/10 vs 4/10)
- Higher Ease of Use score (9/10 vs 8/10)
Why choose Tide
- Lower estimated cost for 10 users: Free vs £25/mo
- Higher Analytics score (5/10 vs 4/10)
- Higher Integration score (7/10 vs 6/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes Payroll, 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
Tide
Pros
- A free Lite plan includes a sort code account, card, payment links and Tap to Pay with no monthly fee.
- MTD VAT returns can be filed to HMRC directly from the app.
- Every plan syncs with major UK accounting packages, including Xero, QuickBooks, Sage and FreeAgent.
- Deposits are FSCS-protected through ClearBank, up to £120,000.
- Limited companies can be registered cheaply during sign-up.
Cons
- Reviewers frequently report accounts frozen or paused without explanation.
- Support responses can take days, according to user reviews.
- There are no overdrafts or business credit cards.
- Plans cap the number of team cards and users, at most 5 users on Max.
- The accounting tools lack a full general ledger and multi-entity features.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.4/10 for Tide. The largest gap is in Support: 6/10 for Monzo Business and 4/10 for Tide.
Tide costs less for 10 users: free on its Lite plan, against about £25/mo on its Team plan for Monzo Business, billed monthly.
Yes, both Monzo Business and Tide have a free plan.
Tide has Financial Reporting and Payroll, which Monzo Business lacks.
