Thanks for letting me be a part of this community, I posted this in a Reddit post and didn’t know Monzo had its own forum! so here I am with an edited post below :
I am a business owner who has been looking for a basic simple bank account for a fun, side business and I originally joined Starling, but they refused me a sole trader account! Which has baffled me!
I have been told after 15 chats etc that my history Is too squeaky clean hence why they make no money from someone who racks up debt.
I can open several high street proper banks instantly but I love how the apps, pots etc all work. But looking at Monzo now from a few friends who swear by it for personal use.
The business page on their website is very very bland and offers no in depth videos, pages etc.
On the Monzo business the invoice area on the website is very bland and no info - I’d like to know can I edit an invoice once it’s been sent as sometimes they ask to add things once they get it - like a PO number.
It’s such a shame there are no video tutorials on the business side of things.
Any info will be great! If I get a business account that is!!
I have money, im not after loans etc - just want to run a small side business in a business account and Monzo seems to be the right path for me now Starling have refused me !! But what is a worry is hearing that Monzo are also just closing peoples accounts down for no reason - I got chatting to 2 businesses the other day 1 with Starling and 1 with Monzo and they both given 2 weeks to find new banks…neither of them have done anything different, done a graphics design job and invoiced his clients for creating business cards ! and then told they have closed it.
I would just hate that to happen.
Any advice from business users and Monzo staff - thank you !