Monzo Business vs Pilot: Complete Comparison (2026)
An in-depth comparison of Monzo Business and Pilot to help you choose the right tool for your business.
Last updated: November 2026
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Pilot
6.4/10
Pilot is a US bookkeeping, tax, and CFO service for startups and small businesses. It pairs software with human accountants and charges by monthly expense volume.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.4/10 |
| Scalability | 3/10 | 6/10 |
| Analytics | 4/10 | 6/10 |
| Compliance | 7/10 | 7/10 |
| Integration | 6/10 | 6/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 7/10 |
| Cost | 8/10 | 5/10 |
| Customization | 4/10 | 6/10 |
| Ease of Use | 9/10 | 8/10 |
| Pricing | ||
| Free plan | Yes | No |
| Cheapest paid plan | £9/mo Pro | $99/mo Essentials |
| Estimated cost for 10 users | £25/mo Team | $99/mo Essentials |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Payroll | ||
| Accountant Access | ||
| Invoicing | ||
| Tax Compliance | ||
| Accounts Payable | Not listed | |
| Bank Reconciliation | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Corporate Cards | Not listed | |
| Expense Management | Not listed | |
| Multi-currency | Not listed | |
| Online Payments | Not listed | |
Monzo Business vs Pilot cost by team size
| Team size | Monzo Business | Pilot |
|---|---|---|
| 1 user | £9/moPro | $99/moEssentials |
| 5 users | £25/moTeam | $99/moEssentials |
| 10 users | £25/moTeam | $99/moEssentials |
| 25 users | FreeLite | $99/moEssentials |
| 50 users | FreeLite | $99/moEssentials |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Monzo Business
- Has a free plan (Pilot does not)
- Higher Cost score (8/10 vs 5/10)
- Higher Security score (7/10 vs 6/10)
Why choose Pilot
- Higher Scalability score (6/10 vs 3/10)
- Higher Analytics score (6/10 vs 4/10)
- Better fit for startups (10/10 vs 7/10)
- Better fit for enterprise (3/10 vs 1/10)
- Includes Financial Reporting, which Monzo Business lacks
Pros & Cons
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Pilot
Pros
- Essentials starts at 99 dollars a month, which is low for managed bookkeeping.
- Bookkeeping, tax filing, fractional CFO, R&D credit, and stock administration are available from one provider.
- Long experience with venture-backed startups, with discounts for pre-revenue companies.
- Capterra users rate it 4.7 out of 5.
Cons
- Essentials is cash-basis only, with in-app support and no assigned human bookkeeper.
- Core reports arrive by the 10th business day, so last month's numbers land mid-month.
- Full AP, AR, and payroll administration require the sales-quoted Custom tier.
- Some reviewers report delayed reports, occasional service lapses, and high cost for very early-stage companies.
- Built around QuickBooks Online and US tax, so it suits non-US businesses less well.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.4/10 for Pilot. The largest gap is in Cost: 8/10 for Monzo Business and 5/10 for Pilot.
Monzo Business has a free plan; Pilot does not list one.
Pilot is the better fit for startups: we rate it 10/10 for them, against 7/10 for Monzo Business.
Pilot has Financial Reporting, General Ledger and Payroll, which Monzo Business lacks.
