Monzo has been beta testing the business banking feature during 12 months
UK digital bank to launch first business account. Source: youtube.com
Monzo has announced the launch of its business banking free Lite account and a paid-for Pro business account.
What is more, the British bank is working on the new revenue stream as well as other initiatives. For instance, its launch in the US and the re-launch of the personal Premium accounts.
Users of business Lite and Pro accounts will have a current account, a debit card, mobile and web access. Besides, accounts will include spending categories and in-account cash separation.
Although, a Pro account provides business-specific features like integrated accounting and multi-user access. In addition to that, users will get invoicing support and savings-based Tax Pots.
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