Is Monzo or Revolut Business better for your small business?
Below we look at both Monzo and Revolut Business reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Monzo vs Revolut Business Trustpilot Reviews
| Monzo | Revolut Business | |
| Trustpilot Review Score (out of 5) | 3.9 | 4.2 |
| Percent 5-Star Reviews | 77% | 75% |
| Percent 1- Star Reviews | 14% | 10% |
| Total Number of Reviews | 30,333 | 148,162 |
https://www.trustpilot.com/review/www.monzo.com
https://www.trustpilot.com/review/www.revolut.com
Monzo vs Revolut Business App Reviews
| Monzo | Revolut Business | |
| iPhone Review Score (out of 5) | 4.9 | 4.9 |
| Number of iPhone Reviews | 189,000 | 26,200 |
| Android Review Score (out of 5) | 4.7 | 4.6 |
| Number of Android Reviews | 125,000 | 20,300 |
https://apps.apple.com/gb/app/monzo-bank-mobile-banking/id1052238659
https://apps.apple.com/gb/app/revolut-business/id1436969262
Monzo vs Revolut Business Account Fees & Charges
| Monzo | Revolut Business | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | No Limit |
| Cheapest Monthly Account Fee | No | £19 |
| Most Expensive Monthly Account Fee | £5 | £79 |
| Electronic Payment Cost (in/out) | Free | 1% + 20p |
| Cash Payments Cost (in/out) | £1 | €1 |
| Cheques (in/out) | Unknown | £8 |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | 20p |
Monzo vs Revolut Business Business Savings Rates
| Monzo | Revolut Business | |
| Types of Business Savings Accounts | Instant Access Savings Pot | Grow, Scale, Enterprise |
| Lowest Savings Rate (AER) | 1.60% | 2% |
| Maximum Savings Rate (AER) | 1.60% | 3% |
| Minimum Savings Amount | No | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Monzo vs Revolut Business Account Opening Times
| Monzo | Revolut Business | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 8 Working days | 10 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Monzo vs Revolut Business Features & Account Types
| Monzo | Revolut Business | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | None, online only |
Monzo vs Revolut Business Customer Support Options
| Monzo | Revolut Business | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Monzo vs Revolut Business Foreign Currency Accounts
| Monzo | Revolut Business | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Monzo and Revolut Business
| Monzo | Revolut Business | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Monzo vs Revolut Business Banking Basics
| Monzo | Revolut Business | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 730427 | 900562 |
| Website | Monzo Website | Revolut Business Website |
Common Comparison Questions
Does Monzo or Revolut Business have better customer reviews?
Monzo scores 3.9 out of 5 based 30,333 Trustpilot reviews. Of these reviews 77% are 5-star and 14% are 1-star.
Whereas, Revolut Business scores 4.2 out of 5 based 148,162 Trustpilot reviews. Of which 75% are 5-star and 10% are 1-star.
Does Monzo or Revolut Business have a better App?
Monzo’s iPhone App is rated 4.9 out of 5 based on 189,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 125,000 reviews.
In comparison, Revolut Business’s iPhone App is rated 4.9 out of 5 based on 26,200 reviews. And it’s Android App is rated 4.6 out of 5 based on 20,300 reviews.
Does Monzo or Revolut Business have better business savings rates?
Monzo offers the following types of business savings accounts: Instant Access Savings Pot with interest rates ranging from 1.60% to 1.60%. (AER)
In contrast, Revolut Business offers Grow, Scale, Enterprise accounts with interest rates ranging from 2% to 3% (AER).
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Monzo vs Zempler Bank (formerly Cashplus)
For other business bank accounts see our guide here.