Every correction, dated

We stated across the site that Monzo Business does not accept cheques. It does — in-app for cheques up to £500, and by post above that, taking up to four days to clear. The error also affected the true cost calculator, which excluded Monzo entirely whenever a reader entered any cheque volume. Corrected on every page and in the calculator logic. Reported by a reader.

We described Tax Pots as a single ring-fenced pot. Monzo allows up to three, depending on plan, and Direct Debits or standing orders can be paid directly from a Tax Pot. That materially changes the feature: three pots means VAT, corporation tax and PAYE can each carry their own percentage rather than sharing one blended rate.

The Ipsos business banking service quality survey published its August 2026 wave. Applying it changed several things at once. The survey is run by BVA BDRC, which is now part of Ipsos — we credited Ipsos throughout and that was wrong from this wave. Five categories are published, not three; we had never recorded SME overdraft and loan services or service in branches and business centres. All 17 providers are ranked, not just a top five — our earlier belief that only the leaders were published was an assumption drawn from our own incomplete record. Because every provider now has a published percentage, service scores are derived from the survey rather than judged: Santander falls 2.8 to 2.1, Zempler rises 3.1 to 3.6, and NatWest and Barclays each fall 0.3. Starling overtakes Mettle for 2nd overall. Monzo holds 1st for both overall service and online banking and remains our top pick.

Revolut scored 3.5 for deposit protection — the same as Tide, which is not a bank — despite holding a full UK banking licence since 11 March 2026. The score was a leftover from when it was an e-money institution, and our own provider page and protection register already said otherwise. Raised to 4.3, discounted only for the phased migration between entities. Revolut’s overall score moves from 3.4 to 3.6. Separately, Virgin Money scored 5.0 while sharing its FSCS limit with Nationwide; NatWest, Lloyds and Mettle all score 4.8 for exactly that, so Virgin now does too. Its overall score is unchanged at 4.1. Prompted by a reader asking whether Revolut’s score looked too low.

A fee table row on the Monzo page still read “Cheques — not supported” after we corrected the rest of the site, and the payments sub-score had been set on that wrong assumption. Monzo scored 3.2 for payments and cash, below Tide at 3.6 — despite accepting cheques where Tide accepts none, and charging a flat £1 per cash deposit against Tide’s 0.5% with a £2.50 minimum, which is cheaper at every deposit size. Corrected to 4.0. The overall score is unchanged at 4.3. Reported by a reader.

We recorded that Monzo’s sole trader overdraft page stated “we don’t offer overdrafts to limited companies” while describing limited company overdrafts in detail further down the same page. On re-checking, that contradiction is no longer present. We do not know why it changed and make no claim to have prompted it. Recorded because our note about the contradiction is no longer verifiable at source.

Added small business switching volumes from the Pay.UK CASS dashboard. We set out to answer which bank businesses are switching to and found that the quarterly dashboard cannot answer it — its brand-level table combines personal, business and charity switches. We have published the volumes and said plainly what the data does not show, rather than attributing personal switching figures to businesses.

Airwallex Yield is marked “Coming soon” on the UK site with a waitlist and no published rate. We had carried a working estimate of 2.50%. Corrected to zero, which completes verification of every savings rate we track. When Yield does launch it will be a money market fund rather than a deposit — capital at risk, no FSCS cover.

We had modelled OakNorth at the 125-day notice rate of 3.65%. That was wrong twice over. OakNorth’s notice accounts pay 0.00% AER on balances below £50,000 — not a reduced rate, nothing — and we had missed the Easy Access product entirely, which pays 2.35% AER from £1. Corrected to 2.35%, and OakNorth’s score fell from 4.1 to 4.0. Found because a reader questioned the modelling choice.

Added as the eighteenth provider. Licensed UK bank, FCA reference 629564, standalone FSCS licence.

HSBC cut Business Money Manager instant access rates on 10 March 2026. The tier up to £100,000 fell from 1.33% to 1.21% AER, with equivalent cuts at every band. Captured only because HSBC publishes old and new rates side by side; most providers do not.

NatWest, Barclays, Lloyds, Santander, HSBC and the Co-operative Bank moved from working estimates to figures read from each bank’s own published rate tables. Lloyds fell from an assumed 0.95% to an actual 0.50%.

Business Access Savings corrected from 3.55% to 3.50% AER. The 3.55% came from a third-party comparison article. Also confirmed from Virgin’s own site that FSCS cover is shared with Nationwide — previously flagged as uncertain in our protection register.

We published 3.25% AER as Monzo’s rate on Pro and Team. It applies to Team only, at £25 a month. Lite and Pro both pay 1.30%. This moved the break-even for upgrading from roughly £5,500 of balance to roughly £15,400, and Monzo’s score fell from 4.4 to 4.3.

Our original figure of 2.75% came from a third-party comparison site and was more than double Monzo’s actual free-tier rate of 1.30%. This is the error that led us to stop treating comparison sites as sources at all, and to label every unverified figure on the site.

Starling pays no interest on business balances. Its Easy Saver, Fixed Saver and Cash ISA are personal products, each requiring a Starling personal current account. Previously carried a placeholder rate of 1.30%.

We had described Monzo as an account that does not lend. It offers sole trader overdrafts to £3,000, company overdrafts to £5,000 and loans to £25,000. Its feature score rose accordingly.