Come and discuss Monzo Business Banking!
Do I have opportunity to use it for my personal needs?
I just had a question about displaying company logo/address etc for when payments are being made into/from a Business account into a monzo standard account (for example monthly wage payments to employees).
How would get this set up?
In regards to business banking I would rather be running a business than dealing with paperwork.
I want something relatively easy to set up, instantly credits received funds to my accounts, doesn’t limit balances as some online banks do and is relatively stress free.
I don’t mind being offered other products like over drafts etc however rarely use or need one so this isn’t a big factor.
I have 2 new businesses due to open in 2020 to go along with my current interests and as part of this we will need a banking facility which can handle large amounts of payments for the initial set up. At present only high street banks can offer this and I would be interested in Monzo can compete.
One example is that approx. £500,000 will be deposited on day 1 and on day 2 a payment of £200,000 will need to be made to a supplier. Would Monzo be able to work to these terms?
On a weekly basis we anticipate £20,000 worth of card payments to be received. Would it handle this?
Hey @CharlotteBrown - the Business Account will only be for businesses, but you can always have a personal current account, if you haven’t already!