# MoneySuperMarket Business Banking: UK business account

> A UK business account app from MoneySuperMarket for sole traders and small limited companies: a Griffin Bank account with FSCS protection, bookkeeping, tax estimates, VAT filing, invoices and payment links, and a Mastercard debit card. Built and run by Countingup; £5 to £20 a month depending on deposits.

Finzil profile: https://finzil.com/providers/moneysupermarket-business · Provider website: https://moneysupermarket.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** from £5 (£12 and £20 above £750 and £7,500 of monthly deposits)
- **Setup fee:** Free
- **Currencies:** 1 (GBP only)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Business account app, accounts held at Griffin Bank
- **IBAN:** UK account details
- **Payment rails:** Bank transfers, Direct Debits
- **Cards:** Business debit Mastercard
- **Safeguarding:** FSCS deposit protection
- **Non-residents:** Not accepted
- **Remote opening:** Yes
- **Headquarters:** United Kingdom
- **Currency codes:** GBP

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not accepted
- **Countries of incorporation accepted:** United Kingdom (only these)
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** United Kingdom
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Sole traders, Limited companies limited by shares, with up to two directors and all shares held by individuals

## Industries

- **Industries served:** Freelancers, Startups and SMEs, Professional services
- **Prohibited industries (provider's own list):** Not published
- **Permitted industries (provider's own list):** UK sole traders; UK small businesses; UK limited companies; Businesses needing integrated accounting and tax tools; Businesses needing invoicing, payment links and VAT filing

## Licences

- Operated by: Counting Ltd; accounts provided by Griffin Bank Ltd

Safeguarding: The account is provided by Griffin Bank Ltd, authorised by the Prudential Regulation Authority and regulated by the FCA and PRA (reference 970920). Eligible deposits are protected by the Financial Services Compensation Scheme up to £120,000. The app is built and run by Countingup; the card is issued by Transact Payments Limited.

## Fees

Source: https://www.moneysupermarket.com/business/business-banking-app/ (checked 2026-10-20)

### Plans

- **Up to £750 deposits:** 5 GBP a month
- **£750 to £7,500 deposits:** 12 GBP a month
- **Over £7,500 deposits:** 20 GBP a month

### Incoming

- Faster Payments (GBP): £0.27 · After three free transfers a month

### Outgoing

- Faster Payments (GBP): £0.27 · After three free transfers a month; Direct Debits the same

### Cards

- Physical card issue: £5 · Replacement card
- Card FX: 3%
- ATM withdrawal: £1

## Opening an account

Opening an account typically takes three to five business days.

1. **Download.** Download the MoneySuperMarket Business Banking app.
2. **Details.** Give your personal and business details.
3. **Identity.** Upload an ID document and take a selfie.
4. **Account live.** Answer any extra questions; the account can be ready the same day.

Documents: Not published

## Pros and cons

- Pro: A bank account with FSCS protection up to £120,000
- Pro: Bookkeeping, tax estimates, VAT filing, invoices and payment links in the app
- Pro: No upfront cost
- Pro: Open to sole traders and small limited companies
- Pro: Opened in the app the same day
- Con: Only for UK residents; limited-company owners must live in the UK
- Con: Limited companies need two directors or fewer and only individual shareholders
- Con: GBP only; card payments abroad cost 3%
- Con: Only three transfers and three Direct Debits a month are free, then 27p
- Con: No list of refused industries published

## Finzil's take (opinion)

MoneySuperMarket Business Banking is Countingup under another name: a protected Griffin Bank account with good bookkeeping and tax tools, priced by how much you pay in. It suits a UK sole trader or one-person company, and the eligibility rules are strict; Tide or ANNA are more flexible.

## Alternatives

- [Countingup](https://finzil.com/providers/countingup): Business account · UK
- [Tide](https://finzil.com/providers/tide): E-money institution · UK
- [ANNA Money](https://finzil.com/providers/anna-money): E-money account · UK
- [Monzo Business](https://finzil.com/providers/monzo-business): Bank · UK

## FAQ

**Is MoneySuperMarket Business Banking a bank account?**

Yes. The account is provided by Griffin Bank Ltd (FCA and PRA, 970920), with FSCS protection up to £120,000. MoneySuperMarket brands the app; Countingup builds and runs it.

**How much does it cost?**

£5 a month up to £750 of monthly deposits, £12 up to £7,500 and £20 above. Three transfers and three Direct Debits a month are free, then 27p each; card payments abroad cost 3% and ATM withdrawals £1.

**Who can open an account?**

UK residents aged 18 or over who are sole traders, or directors of an active UK limited company limited by shares with no more than two directors, all PSCs living in the UK and all shares held by individuals.

**How is it related to Countingup?**

Countingup builds the app and provides the account service and support; your account agreement is with Countingup, and the bank account is at Griffin Bank.

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