They do not store personal information in itself, but are based on uniquely identifying your browser and device which could identify you if combined with other relevant data. GB. They cannot be disabled. More information about Invoices and auto-matching. In-app card locking and personalised card settings. Starling is currently winning the most customers via CASS. The Euro account costs £2 monthly. Accounts are available to limited companies and sole traders who already have a Starling Bank personal account.. Starling Bank Business Banking Services If you do not want YouTube cookies stored do not click on the YouTube embedded videos. You can open multiple Business and Sole Trader accounts with Starling, however you are limited to one account for each individual Business or Sole Trader company. An easy-to-use business account stacked with powerful money management tools. - Valid photo ID such as a passport or UK driving licence. © Starling Bank 2020. You can also feel safe in the knowledge that your deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 – as long as you meet the organisation’s eligibility rules . Estimate your self-employed tax (SA103F), national insurance and student loan liabilities. A business account with Starling is completely free and offers all the awesome features of the personal account with the addition of some brilliant features such as connecting to accounting software like Xero, Quickbooks, or FreeAgent. "I really love Goals. Founded by Anne Boden, Starling is a front runner amongst the app-only banks when it comes to personal accounts, but how does it compare when it comes to business banking. For limited companies and other registered businesses, Whether you’re self-employed or side-hustling, US dollar and euro bank accounts currently available for UK businesses, Built to give your business a cashflow boost, Fast and secure money transfers to bank accounts in 38 countries worldwide, Join our brilliant team to help change banking, Who we are, our journey, and why we’re different, Articles on money, plus the latest news on our products. Starling Bank business bank accounts are aimed at small business owners, the self-employed and freelancers. More information about HMRC Tax estimation (sole trader only). Automated business spending categorisation, More information about Automated business spending categorisation. The free business accounts are powered by the Starling Bank App and connect to Xero, QuickBooks and FreeAgent and there are instant payment notifications. Starling Bank is registered in England and Wales as Starling Bank Limited (No. Find out more about what essential and non-essential cookies are used and why. +How quickly do we replace debit cards which have been lost, stolen or stopped? Exchange currency at the current exchange rate, with only a 0.4% commission. Both Monzo and Starling are great options if you want to open an account with a challenger bank. All of Starling’s eligible accounts are protected up to £85,000 by the Financial Services Compensation Scheme. Standard business accounts usually charge per transaction on top of a monthly account fee. Starling Bank launched its business accounts to the market in 2018. For businesses with multiple Persons of Significant Control (PSCs), while all PSCs need to be verified to open the account, only PSCs who are also directors can become users of the account and be able to access and manage it. More information about FSCS Protection up to £85,000. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. If you want us to, we’ll move all your banking over for you through the Current Account Switch Service (all it takes is a few taps in-app). Starling Bank offer an online business account that lets you send money to bank accounts in 38 countries, as well as free domestic transfers.¹ This article will take a closer look at some of the fees involved in sending payments internationally with a Starling business account. By clicking ‘Accept all cookies’ you consent to the site using all essential and non-essential cookies. This can be added onto a standard business account for a fee of £7 a month, but you’re under no obligation to sign up. Choose your switch date, and agree to the terms and conditions. The Starling Bank business account is open to you if you’re self-employed or the owner of a limited company or if you’re part of a limited company with multiple owners. It's not surprising that Starling won Best Business Account provider at the British Bank Awards 2019. At this time cheques with a value greater than £500 are accepted by post. Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. For now, Starling’s business account is only available if you are a sole trader who already has a Starling personal account; or an owner of a limited company and you are the only person with significant control over it. The Financial Conduct Authority requires us to publish the following information about our business current accounts. There’s a faster, easier way to stay on top of your business’s finances. You will need to be a resident in the United Kingdom and have a UK phone number for registration, though Starling may allow non-UK numbers from certain countries. We’re on a mission to change banking for good. Free 24/7 UK support via app, phone or email, with fast response times and help from real humans. It focuses on current and business account products. More information about Integration with QuickBooks. Cheques above £500 can be sent to us via Freepost. Different business accounts come with varying features, and you need to see which are available to your business. More information about Mobile and online banking. Get started with the award-winning business account with no monthly fees and add-on the Business Toolkit for easier bookkeeping and accounting. These cookies may be used by the cookie provider to build a profile of your interests and show you relevant advertisements on other sites. Starling was voted the Best Business Banking Provider in 2020 for its business account. Download the Starling Bank app from iTunes or Google Play Store and follow the steps in-app to apply for an account in minutes.Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. Service information: Find out more about our business current account service information. Limited companies and sole traders can pay £7 a month for the account add-on. To open any of our accounts a new customer will need to provide us with the documents and information set out in the how to apply for an account page. It’s great to have options, so we’ve compared the business accounts from a variety of high street banks and challengers so you can see how we stack up. Launched in 2014, Starling Bank is a challenger banking app that aims to revolutionize the UK current account space. Get access to government backed BBLS and CBILS loans. For a sole trader or businesses with a single Person of Significant Control, the account holder will be able to access and manage the account. 24/7 - if £500 or less. More information about Instant payment notifications. Limited Companies and Limited Liability Partnerships (including startups), More information about Companies with multiple PSCs / Directors. We are required to publish a summary of our complaints data for the most recent six month period. My daughter is planning to launch a small business and she will open a Starling Business Account. Business accounts work in a very similar way to personal accounts – you'll be able to set up payments, have people pay you and make debit card transactions. Once an account is open, the overdraft is available: Note: This only applies to customers who are eligible for an overdraft. We are working through applications as quickly as possible, please bear with us and thank you for your interest. To open a Starling business account, there are certain requirements. Please note: Opening a business account at Starling does not guarantee that you will be approved for a loan under the Bounce Back Loan Scheme or any other lending scheme. Starling Bank offers an online business current account and overdraft.Users can manage their money in real-time in the app 24/7, as well as sync to popular business and accounting tools. Send money abroad No need for extra apps or services; instead, send fast and transparently priced money transfers to over 35 countries worldwide. All with no monthly fees or UK payment charges. We do not offer a separate savings account but we do offer interest on our personal and joint GBP accounts. There are no monthly fees on Starling business and sole trader accounts. Voted Best British Bank, Best Current Account Provider and Best Business Banking Provider at the 2020 British Bank Awards, Starling is the financial control centre that lives on your phone. More information about 24/7 customer support, More information about Free ATM withdrawals. At Starling, we’ve decided to do things a little differently. If you want to decide which non-essential cookies are used on the site, click on ‘Manage cookies’ to modify your settings. Get access to government backed overdrafts with CBILS. It's early days, but with businesses not really greatly served by the existing 'big 4' banks, will Starling's Business Account help to shake things up? Creating a dedicated business account with a high street bank would normally mean extra bank fees and expenses. More information about Card security controls. Starling Bank offer an online business account that lets you send money to bank accounts in 38 countries, as well as free domestic transfers.¹ This article will take a closer look at some of the fees involved in sending payments internationally with a Starling business account. All rights reserved. More information about Integration with FreeAgent. More information about Free UK bank transfers. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. +How quickly do customers get internet banking? - If you have documents which confirm the nature of your business at hand this will be easier. Save time with quick response times via app, phone or email. Don’t just take our word for it. We provide access to CBILS overdraft finance from £50,001 up to £150,000 for limited companies and Limited Liability Partnerships. Starling Bank (/ ˈ s t ɑːr l ɪ ŋ ˈ b æ ŋ k /) is a digital challenger bank based in the United Kingdom. For limited companies and other registered businesses, Whether you’re self-employed or side-hustling, US dollar and euro bank accounts currently available for UK businesses, Built to give your business a cashflow boost, Fast and secure money transfers to bank accounts in 38 countries worldwide, Join our brilliant team to help change banking, Who we are, our journey, and why we’re different, Articles on money, plus the latest news on our products. Starling’s personal account. They list four things that set them apart as a banking institution. +How quickly do we open business current accounts? Starling is available in GBP and EUR too for both current and business account holders. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Edward, 26, became a Starling business customer after seeing Starling on a list of recommended providers on the PayStream website. A business account with Starling is completely free and offers all the awesome features of the personal account with the addition of some brilliant features such as connecting to accounting software like Xero, Quickbooks, or FreeAgent. Starling’s business USD account comes with its own unique US addressable account number and helpful money management tools that’ll help your business grow – like instant payment notifications, spaces for separating tax from overheads and 24/7 support. Get a breakdown of your company’s spending, organise your outgoings and store receipts. Download the Starling Bank app from iTunes or Google Play Store and follow the steps in-app to apply for an account in minutes.Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. Starling will not charge a fee when you withdraw money from an ATM. Other accounts. One-card wonder. Opening a bank account shouldn’t take weeks. From the Starling Marketplace, you can integrate FreeAgent with your business account (note: if you do this, you won’t need our Toolkit add-on). The UK challenger’s first subscription account can be merged with business owners’ current free Starling accounts. Open a bank account online using your mobile phone - it’s quick, straightforward and transparent. Connect your account to HMRC and submit your VAT return through Making Tax Digital. From the Starling Marketplace, you can integrate Xero with your business account (note: if you do this, you won’t need our Toolkit add-on). Account features Does Starling offer a savings account? Create and manage unlimited invoices directly from your desktop. It's early days, but with businesses not really greatly served by the existing 'big 4' banks, will Starling's Business Account help to shake things up? We embed YouTube videos with the privacy-enhanced mode on which means it will not place any cookies until you click to play the video. Tide is not a bank, the Tide current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. If you’ve got financial commitments overseas, you can now hold, send and receive euros for free with a Starling euro account. In 2018 Starling became the first digital bank to open launch a dedicated business bank account in the UK. Starling will not charge you for card payments or ATM withdrawals when you’re abroad. You can make up to six withdrawals per day, with a daily limit of £300, regardless of what currency you are withdrawing. To open a Starling business account, there are certain requirements. Free 24/7 UK support via app, phone or email, with fast response times and help from real humans. Link your Google, Outlook or Hotmail email to the Business Toolkit to issue invoices directly from your bank account. (note: Our Toolkit add-on only supports GBP accounts). Sure there were digital offerings before, such as Tide, and Coconut, but none of these are licenced banks. You can add-on the Toolkit for £7 per month (inc VAT). More information about Free access to multiple directors. Financial Conduct Authority rules require us to provide them with a report of our complaints data every six months. No need to download anything new - you can apply in-app in the account menu. - About 10 minutes of your time. Starling’s foreign currency business bank accounts come complete with their own unique and local details (IBAN for Europe, account number for the US). Business banking – but not as you know it. See what needs to be done in a handy interactive to-do list, so you can stay on top of your bookkeeping admin. The best business bank account: Tide, Revolut, Starling or Metro? We’ve been reviewed thousands of times on Trustpilot, and our customers think we’re “easily the best business bank account they’ve had”, “a refreshing experience”, and that we “make business banking easy”. Limited companies and sole traders can pay £7 a month for the account add-on. “Starling has made my life very easy,” he says. With a Starling Business Euro account, however, all SEPA transfers are free to send and receive. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. More information about Record VAT on transactions. Starling Bank business bank accounts are aimed at small business owners, the self-employed and freelancers. Apply for a free digital business account in minutes and join over 270,000 UK businesses who have changed the way they bank. Since its founding, it has received over £230m of funding. Starling Bank’s business bank account prides itself on being free, uncomplicated, and quick to set up. Already have a Starling business bank account? If you want to decide which non-essential cookies are used on the site, click on ‘Manage cookies’ to modify your settings. In the 4 months between 1 April 2020 and 30 June 2020, In the 12 months between 1 July 2019 and 30 June 2020. More information about Email integrations. Free UK current account from a regulated bank, More information about Free UK current account from a regulated bank. As an Artificial Intelligence consultant, he was immediately drawn to Starling as the only FinTech on the list offering business accounts. ", "I like the transparency and simplicity of Starling. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Standard business accounts usually charge per transaction on top of a monthly account fee. Headquartered in London, Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. Learn the main differences between a personal and business account before making a decision. The verdict. Starling Bank launched a 'free, uncomplicated and quick' business account that promises no fees for opening an account, making payments or withdrawing cash. following a fraud incident, Account opening: including eligibility for an arranged overdraft, what is required to open an account and an indication of what arranged overdraft may be available. More information about [Integrate with other business services](/business-account/marketplace-for-businesses/). More information about Managed scheduled payments. If you do not want YouTube cookies stored do not click on the YouTube embedded videos. The Business Toolkit. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … I can send an invoice and immediately see when it’s been paid.". No payment charges on UK bank transfers. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Click the ‘Get the app’ button in the bottom left of your screen and follow the steps in-app to apply for a business account. In certain circumstances, we’re also required to publish a summary of our complaints data. "The final thing that made me fall in love with Starling was Customer Services... when I want to speak to someone, I can talk to a human within minutes. Applying for a business account can be done in a matter in minutes from your mobile phone. The features of a business bank account include: An overdraft, which lets you borrow money through your business account - but watch out for expensive fees. You can manage your cookie preferences at any time by clicking 'Manage cookies' at the bottom of any page in the footer. Business owners can start to manage their account entirely from their mobile phone in just 10 minutes. More information about Cash deposits at the [Post Office](/features/post-office-branch-finder/). Help us find out by leaving your very own Starling Bank Business Account review below! The Perks of a Starling Business Account Starling Bank exists on the premise that they offer security and heart. Opening a bank account with Starling. Our customer service agents will not be able to speed up your application process if you get in contact. Then it’s over to our team to approve your details and open your account. Also, check out our top three picks for business. Account differs depending on your banking needs from their mobile phone with a daily limit of £300 regardless. Minutes, no account charges and free oversea transactions out our top three picks for business,., no account charges and free oversea transactions benefits and the Prudential Regulation Authority under number. 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Only ) team to approve your details and open your account delay in business account before making a.. Opening a bank account online using your mobile phone in just 10 minutes apply in-app in box! Thing to worry about. `` provider in 2020 for its business account.! To modify your settings business bank accounts are aimed at small business owners current... About. `` is offering two new features targeting their growing number of business accounts for larger (!