We’re launching the first 100 Monzo Business Accounts!

Hey @Avionyx & @Peter_G! :wave:

I dropped an update out over email to those who’ve signed up to the waitlist last week, and I’m going to write an update over the next day or two here on the forum with a status update on a few small things we’re really excited about :smiley: (so keep your eyes peeled!). If you’ve not signed up to the waitlist or didn’t receive the email let me know and I’ll send it your way!

Here’s a very basic update, though! Our first 100 businesses are:

  • Helping us figure out all the “personal” account features that should be changed to suit businesses better (these exist as we used our personal account infrastructure to start building business accounts, but we’re tweaking it from the ground up to make it into a business account)

An example of this is payment limits - before, transfer limits were set per person, as opposed to per account, so we changed that! Another example is the profile section - we’re in the process of rebuilding it to make it a lot clearer and more “business-y” - I’ll share some pictures soon!

  • Weeding out the bugs, so we can squash them all quickly :bug:

  • Enjoying having those Monzo fundamentals for their business too - instant notifications for payments, fast, helpful customer support and enriched transaction data are actually really useful for businesses too!

  • Really want to see integrations with accountancy software like Xero & FreeAgent, or want smart accountancy features to help them out (and we’re hoping to bring this to life when we’re ready to launch to more businesses!)

  • Some think that Summary doesn’t make sense at all for their business, but others really like it but want to see it updated with business categories, or categories they can customise themselves.

There’s a lot of background work we need to do to get the accounts in the hands of more people, but we’re getting there! We’ve been super overwhelmed with the amount of messages we’ve had from people who just want to get their hands on the account, which we’re super, super grateful for :heart:

As ever, we really appreciate everyone’s patience here too - we love reading everyone’s suggestions here, and we talk about them in the team every single day. We want to release something you love, so we can’t wait to show it to you soon!

(This ended up being a longer post than I thought it would :sweat_smile: I’ll be sharing a little more over the coming days over in the Business Banking section of the community :blush: )

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