Do Monzo accounts have to be in the name of private individuals or can you now open them for staff of a a limited Company?
Monzo only offers personal and joint current accounts, not business accounts
Thanks for the swift answer. Apologies if I came to the wrong place to ask.
You mention “staff”. Nothing to stop them each having a Monzo account for expenses, but they wouldn’t be linked, and they wouldn’t be in the company’s name. Also they wouldn’t be able to have a second account for personal use.
My advice would be to use their personal Monzo, and just use the Expenses category for business use, but again, it wouldn’t be the same as having a business account.
Exactly as I now intend. Thanks.
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