Business Account Time Frame

Hi,
We have registered for a Business Account (before we also open a Personal Account) and you have informed us that you are holding registrations for new accounts as you have reached 1,000 customers.

Can you offer a time frame to allow us to open a Business Account please?

Thank you

I understood business accounts were on hold to new applicants now?

Yes, I believe they are Johnny however, after registering our interest to open a business account, we would like to have an idea when new business account ‘slots’ will be available, before we look elsewhere.

I got an email from them recently. This is part of it:

Seems to be taking a very long time for this. Do we have any news on them?

:soon:

What a frustrating answer.

Yet not quite as frustrating as waiting for Monzo to launch a business account.

Was intended to be a tongue-in-cheek answer based upon what Monzo is like at launching stuff.

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As they suggest going elsewhere Jack, we have found https://www.starlingbank.com/ who can offer both personal and business accounts and they do not make any charges whatsoever. They also allow £300 ATM withdrawals as opposed to Monzo’s £200 limit.

We wanted to go with Monzo but their non committal approach to offering a time frame is disappointing.

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