We’re increasing the price of Monzo Business Pro to £9 a month

It’s been a while since my last community post, so to introduce myself… Hi :wave: I’m Candice, one of the Product Marketers in the Business Banking team.

I wanted to let you know that from today we’ve increased the price of our Pro plan from £5 a month to £9 a month for new customers. We’re doing this to better reflect the value of the plan with all the features we’ve added and improvements we’ve made since we launched Pro.

What this means if you’re already a Pro customer
If you have Pro, nothing’s changing for you yet. We plan to email you in the next couple of weeks with all the details. We don’t expect to raise the price to £9 a month for existing customers until May 2025, which means we’d email you with a notice of variation and all the relevant information 5 months before the change comes into effect. We’ll also let you know what you can do if the plan no longer works for you.

Why we’re making the change now
Since we launched Pro in 2020, we’ve made big improvements to invoicing, introduced team member access, international payments, and more. And we’re working on packing even more into Pro.

Brand new or coming soon to Pro :sparkles:

  • Multiple Tax Pots to automatically set a percentage of incoming money aside for taxes and other outgoings like paying your staff, so you’re never caught short. You can have up to 3 Tax Pots at any time.
  • Auto-export of statements & paid invoices to Microsoft OneDrive so everything’s securely stored away.
  • Bigger cash deposit and ATM withdrawal limits to make handling cash easier for your business (rolling out between December and January for all plans).
  • A more advanced Xero integration that automatically syncs your business’ transactions, receipts and expense categories from Monzo to Xero so you’re always on top of your bookkeeping (from January).
  • A Sage Accounting integration makes it easier to stay on top of your books (from January).

We’re around to answer questions if you have them :pray:

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Well, this for me will definitely mean I will downgrade back to free account as that is just too much of a jump for me, as I only use the auto % tax pot

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Well it’s good to see there are some new features added but that is a hell of a price hike.

Fortunately I’ll be closing our account before May.

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Big shame

Can i ask a little more info on what the sage accounting integration is, would be be able to file directly from monzo app ?

Glad I’m making the move to Revolut already. Never felt any value for that £5 and now you are you asking for £9 is crazy

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I get £80 per referral to revolut pro atm :grimacing:

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Hi @Lewis_Edwards, absolutely.

Once you set up the Sage integration in the Monzo app we’ll automatically share your balance and transactions every day to your Sage accounting platform. This will launch in January :pray:

Ditto.

Silly Monzo.