Moving external business account to a new Monzo account

Hi there,

My Dad currently has a business account with a different bank. Unfortunately, due to ill health he is selling his business and will soon need a personal current account. I’ve tried searching for whether this is can be done with the current account switch service, but I am not finding concrete answers. Is there a simplified way of doing this, or would it be a case of setting up a personal account and then transferring the cash in? I’d rather not do that, however, as we’d have to setup all the direct debits etc again.

Thanks in advance!

You can’t transfer business accounts to personal accounts. The business would need to be wound down if no longer continuing and all assets transferred appropriately.

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