We have a limited company and one of its directors is another limited company. Does Monzo business support this?
Yes, you can be a director of as many companies as you like and still be eligible for a Monzo Business account.
Although, you cannot currently have multiple Monzo Business accounts - so if he has a Monzo Business account with his other company, he will not yet be able to join the account of your joint business, if that makes sense.
1 Like
Thanks Dan. Your 2nd point makes sense.
I think I’ve confused you with my question looking at your first point. Our limited company has 5 directors - 4 of which are people, the fifth is another limited company. That’s the key question I can’t find the answer to
1 Like
Does this answer your question?
If you’re a LTD, to be eligible your company needs to:
[…]
- have no corporate persons of significant control or corporate directors,
7 Likes
Thank you Chris. Never thought to study those!
2 Likes