Monese has launched a business account in the UK which will be bundled with its personal banking account.
The business account costs £9.95 a month and together with the free Monese Plus personal account includes a total of 12 free cash withdrawals, after which a charge of £1 per withdrawal will apply.
It is available in 11 languages, with its European launch coming soon.
Business customers can benefit from free bank transfers, card payments and direct debits, as well as low rates on currency conversions and international transfers.
Monese Plus gives users two personal accounts: a UK account and a Euro IBAN account, allowing access in 20 countries.
Norris Koppel, founder and CEO at Monese (pictured above), said: “Following the great success of Monese’s personal banking service in the UK and Europe, we are really excited to launch the Monese business account, which is the next big step in our expansion.
“We know that life moves fast for entrepreneurs and their work often takes them all over the world, so they need fast, connected and transparent banking.
“The Monese business account is one of a number of offerings we are launching for internationally mobile people and businesses, following significant investment from world-class investors in September.
“This investment is enabling us to continue on our path to becoming a global financial platform to all.”
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