SEPA at Monzo Business (the UK)
Working with Monzo Business (BIC MONZGB2L, Sort code 04-00-04)? Here is what you need to upload your SEPA file and have it processed without friction.
TL;DR
- BIC:
MONZGB2L - Sort code:
04-00-04 - SCT cut-off: Faster Payments 24/7
- Formats: Faster Payments (GBP), SEPA via partner integrations
- Upload path: Monzo Business -> Payments -> Bulk Pay via CSV (GBP native; SEPA via third-party integrations).
Important: in the UK, Sterling (GBP) transfers use Bacs / Faster Payments, not SEPA. SEPA only applies to euro operations. The UK remains in the SEPA scheme post-Brexit via UK Finance.
Quirks
100% mobile bank. Business account great for UK freelancers but limited native SEPA support.
Step-by-step upload
- Generate your SEPA XML in GenerateSEPA or export from your ERP.
- Validate the batch with our SEPA XML Validator.
- Sign in to online banking: Monzo Business -> Payments -> Bulk Pay via CSV (GBP native; SEPA via third-party integrations).
- Confirm signing (second factor if needed).
- Download the receipt.
Spotting a Monzo Business IBAN
Verify any IBAN with Bank from IBAN before triggering a collection or payment.
Common errors
- Uploading an unsupported file format (check ‘Formats’ above).
- Missing the Faster Payments 24/7 cut-off (operation rolls to D+1).
- Out-of-date debtor IBAN or mandate (AC01 / MD01 returns).
Conclusion
Monzo Business accepts standard SEPA XML for euro operations. Follow the steps above and always validate before submitting. Confirm the exact upload path with your relationship manager if the UI differs (screens change).
