Starling Bank

Beautifully simple business banking

Who are Starling Bank?

Founded in 2014 by Anne Boden, Starling is the UK’s first mobile bank offering super-fast setup, beautifully simple money management and 24/7 support, all with no monthly fees. From small businesses with big ambitions to freelancers figuring out tax returns, Starling’s award-winning business bank account is designed to make entrepreneurial life a little easier.

Key features

  • No monthly account fees
  • Speedy setup
  • Apply in minutes, with no three week waits.
  • Integrated with Quickbooks, Xero and FreeAgent
  • 24/7 UK customer support
  • Stay in the know with real time payment alerts and categorised transactions
  • Easy deposits – Deposit money at over 11,500 Post Office branches* . Send cheques via freepost, too.
  • FSCS protection – Starling are a fully registered bank and the FSCS protects any money you keep with us up to £85,000 for eligible customers.**
  • No monthly account fees
  • Speedy setup
  • Apply in minutes, with no three week waits.
  • Integrated with Quickbooks, Xero and FreeAgent
  • 24/7 UK customer support
  • Stay in the know with real time payment alerts and categorised transactions
  • Easy deposits – Deposit money at over 11,500 Post Office branches* . Send cheques via freepost, too.
  • FSCS protection – Starling are a fully registered bank and the FSCS protects any money you keep with us up to £85,000 for eligible customers.**

* Deposits of up to £1000: £3. Deposits of £1000 and above: 0.3% of the amount deposited. If you withdraw cash using the Post Office Counter Service, we will charge you £0.50 per withdrawal.

** The small business threshold for FSCS is an annual turnover of less than £1m. FSCS does not apply to all business types, please check the FSCS website for eligibility.

Who’s eligible for a Starling business bank account?

  • You’re the owner of a limited company and you’re the only person with significant control (PSC) over it, and you have fewer than 10 employees and less than £5m in annual turnover.
  • You’re part of a limited company with multiple owners. With our multi-PSC account, you and your fellow PSCs (such as husband and wife or civil partnership teams) will each get a Mastercard debit card and access to a beautifully simple mobile bank account. For more information, read our blog post titled ‘Introducing: Multi-owner mobile business accounts for limited companies’.
  • You’re self-employed. Starling’s sole trader account is available exclusively to those who already have a Starling Bank personal account.

Entities engaged in, or linked in any way to, certain activities may not be able to open or have a business bank account with Starling. Visit our Legal Documentation page at https://www.starlingbank.com/legal/ and select Business Current Account Terms for more information.

Getting started

Apply in minutes

It takes just a few minutes, direct from your mobile. No paperwork or branch visits required.

  • Download the app from Google Play Store or the App Store
  • Enter your personal details
  • Verify who you are by uploading your identification documents and sending a short video
  • Starling will carry out some quick checks at a UK Credit Reference Agency
  • Provide a few details about your business, such as its day to day activities and online presence
  • Starling will then look to approve your application as soon as possible so you can start making the most of all the features to help you manage your business finances better.

Ready to switch to Starling?

With the Current Account Switch Service (CASS), you can make Starling your main Business bank account in just seven working days. It’s worth noting that the CASS service is currently only available to Starling business customers with companies that have one person of significant control.

Written by Vegan Accountants

The expert team at Vegan Accountants take away the hassle and pressure of your accounts and tax compliance. Our wide-ranging services give us the flexibility to deliver tailored support for your business.

February 8, 2022

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