Monzo Business vs Vivid Business: Complete Comparison (2026)
An in-depth comparison of Monzo Business and Vivid 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.
Vivid Business
6.1/10
Vivid Business is a business account from Berlin-based Vivid Money for European freelancers and SMEs. It bundles cards, multi-currency accounts, invoicing, card acceptance and interest on idle cash.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.1/10 |
| Analytics | 4/10 | 4/10 |
| Compliance | 7/10 | 6/10 |
| Cost | 8/10 | 8/10 |
| Customization | 4/10 | 5/10 |
| Ease of Use | 9/10 | 7/10 |
| Integration | 6/10 | 6/10 |
| Scalability | 3/10 | 6/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 5/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £9/mo Pro | €7/mo Basic |
| Estimated cost for 10 users | £25/mo Team | Free Free Start |
| Features | ||
| Multi-currency | ||
| Corporate Cards | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Accountant Access | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Financial Reporting | ||
| General Ledger | ||
| Payroll | ||
| Tax Compliance | Not listed | |
Monzo Business vs Vivid Business cost by team size
| Team size | Monzo Business | Vivid Business |
|---|---|---|
| 1 user | £9/moPro | FreeFree Start |
| 5 users | £25/moTeam | FreeFree Start |
| 10 users | £25/moTeam | FreeFree Start |
| 25 users | FreeLite | FreeFree Start |
| 50 users | FreeLite | FreeFree Start |
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 Compliance score (7/10 vs 6/10)
Why choose Vivid Business
- Higher Scalability score (6/10 vs 3/10)
- Higher Customization score (5/10 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
Vivid Business
Pros
- A free plan with unlimited team members and free virtual and physical cards keeps entry costs low.
- Promotional interest of 4% on EUR and 5% on USD and GBP, plus ongoing interest that rises on higher tiers.
- Invoicing, accounting integrations including DATEV, and a travel tool are included on every plan.
- Unlimited sub-accounts with their own IBANs make cash budgeting simple.
- Enterprise tiers add approval flows with up to three steps, custom roles and budgets.
Cons
- It is not an accounting system: there is no ledger or financial statements, so bookkeeping software is still needed.
- Trustpilot reviewers in 2026 report business funds frozen for weeks with poor explanations.
- Approval flows, custom roles and budgets require Enterprise at 79 euros per month or more.
- A Luxembourg IBAN can be refused for some direct debits, and Vivid is an e-money institution rather than a bank.
- Outgoing international transfers are not available on the free plan, and SWIFT transfers cost up to 30 euros.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.1/10 for Vivid Business. The largest gap is in Scalability: 3/10 for Monzo Business and 6/10 for Vivid Business.
Yes, both Monzo Business and Vivid Business have a free plan.
Vivid Business has Multi-currency, which Monzo Business lacks.
