I’m in the exact same shoes as you, I wanted a modern styled business bank but there didn’t seem like any good options - ended up going with Starling as well, but can’t say they’re amazing.
There was some consultation done a few months ago with sole traders etc, they were asking for volunteers to talk to from the forum. I haven’t heard anything since but it implies that there is at least some consideration in that direction.
I really do hope Monzo does consider business bank accounts in the future. I’ve had an account with three different banks (including fintech) and I’d switch in a heartbeat.
I asked them on Twitter recently, and they said it’s something they’re looking in to.
@richardgrey What got you disillusioned with Starling, out of interest? Have been waiting for them to add FreeAgent integration before checking out their business account.
I have a business account with Starling and as a start up business their category spending allocations are disappointing. I know what I’m getting is better than a standard legacy account however they could have done so much better.
If Monzo do business account ms please ensure they are different than personal accounts and not just not a quick swap over.
It’s something we’re looking into and we’re doing research on to see if it makes sense for us We don’t have any kind of ETA on that as it stands right now though - if that changes we’ll certainly be letting you all know
Sorry for the delayed reply, manic couple of days!
I’ve just got sick of their attitude towards their customers. For example, recently had an issue. It took almost 48 hours just to get a CS response, and then they think they can fob your complaint off by sending you a pair of socks in the post.
If I wanted my bank to be like that, I wouldn’t have moved my business banking from HSBC!
To add some context, I was a massive advocate for both Monzo and Starling, but Starling seem to have changed over the last couple of months.
Thanks @simonb! A couple of requests to chuck in to you thinking - FreeAgent integration (and similar services), and also a way to get CSVs/statements from Pots.