The price of a Business Account is £9.95 per month. If you opened your Monese account before the 1st July 2019 this includes a personal Monese Account on the Plus plan or the Classic plan. If you opened your Monese account after 1st July this includes a personal Monese Account on the Classic plan.
Both the Plus plan personal account and the Business account include the following features:
- all UK Faster Payments and SEPA payments in EU are free
- card usage in account currency is free
- Direct Debits (UK) are free
- UK and Eurozone current accounts with personalised account numbers are free (Business Eurozone account is coming soon)
- First Monese debit card is free (Monese card and Monese Business card)
- Free ATM cash withdrawals for each account - 6 per month and £1/1€ from there on
- Cheaper cash top-ups - 2.5% at Paypoint and only £1 at Post Office - UK only
- Minimum 0.5% base FX rate (minimum fee £2/€2) on international bank transfers
Both the Classic plan personal account and the Business account include the following features:
- all Monese to Monese Payments, UK Faster Payments and SEPA payments in EU are free
- card usage in account currency is free
- Direct Debits (UK) are free
- UK and Eurozone current accounts with personalised account numbers are free (Business Eurozone account is coming soon)
- Monese debit cards are free (Monese card and Monese Business card)
- £800/€800 free ATM and Cash Top-up allowance per month with 2% charge per transaction after allowance is used
- £8000/€8000 free Foreign currency card spending allowance per month with 2% charge per transaction after allowance is used
- Minimum 0.5% base FX rate (minimum fee £2/€2) on international bank transfers
Please also note that the allowances are shared between personal accounts and business accounts.