Can I Use Monzo Business for P2P Crypto Trading?

Monzo Chat Business Banking
1

Hey everyone,

I’m thinking about opening a Monzo Business account for my UK Ltd, but I wanted to check if it’s suitable for P2P crypto trading.

I trade USDT to GBP and vice versa, dealing directly with individuals in the UK via Faster Payments. I’m not running an exchange or offering brokerage services—just buying and selling with my own funds.

Before I go ahead, I wanted to ask:
1. Does Monzo allow business accounts to be used for P2P crypto trading?
2. Would regular GBP transfers in and out for trading cause any issues?
3. Has anyone here successfully used a Monzo Business account for something similar?

I know Monzo is fine with personal accounts interacting with crypto exchanges, but I want to be sure about business accounts before applying.

Appreciate any insights—thanks in advance!

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No. It’s specifically excluded in the terms.

“currency exchanges including virtual currencies, and money services business”.

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how to get your Monzo account closed any% speedrun

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Ah good. It’s time for the mass approval of new posts. I live for these moments.

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See if we can achieve sub 5 minutes!

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“They closed my account for no reason”