BusinessFinancing.co.uk

Compare Business Bank Accounts & Loans

In partnership with:
NerdWallet

Starling Bank Business Banking


Last Updated: 13 October 2023
Reviewed By: Ian Wright (Managing Director)

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. Accounts are available to limited companies and sole traders who already have a Starling Bank personal account.

Starling Bank Business Banking

Sections

  • Starling Bank Business Banking Services
    • Current Accounts
    • Savings account
    • Overdrafts
    • Business finance and loans
  • Starling Bank Reviews and Ratings
  • Pros
  • Cons

Starling Bank Business Banking Services

Current Accounts

The Starling current account can be managed on desktop and on mobile, wherever you are, 24 hours a day. You can review and track payments and incoming cash in real-time, pay physical cash into your account through the Post Office (costs £3 each time), and categorise expenses to keep them organised.

If you already have a personal Starling account, you can easily switch between business and individual banking.

There’s no monthly fee and very few charges, other than for paying in and withdrawing through the Post Office.

Savings account

An individual savings account isn’t available, but you can use your Starling current account to create savings goals and keep money in separate ‘pots’.

Overdrafts

Business overdrafts are available for up to £50,000. You can manage the limit directly from the app. Interest is charged from 5% EAR depending on your circumstances, which accrues on a daily basis. There is a 1.75% arrangement fee at acceptance for the overdraft which is charged annually.

Business finance and loans

Find out more about Starling Bank business loans here.

Starling Bank Reviews and Ratings

There are a large number of reviews across Trustpilot and Smart Money People which are very positive, with the large majority of customers rating Starling 5/5. They like the simple banking features, speed of service, and accessible customer service. There are a few criticisms, mainly focusing on customer service and differences compared to high street banks. Some customers clearly feel more reassured by the big banking names, which Starling can struggle to compete with.

Reviews.co.uk features a small number of reviews – some found them difficult to deal with. Starling Bank is the highest rated Which?’s recommended banks, scoring a customer rating of 88%. They received 5/5 scores for customer service, application process, communication, transparency of charges, handling complaints and mobile app.

Starling Bank launched desktop online banking for businesses and sole traders in September 2019. Starling also launched its first TV advert in October 2019.

Starling won Best British Bank, Best Current Account Provider & Best Business Banking Provider at the British Bank Awards 2019.

Trustpilot –  4.3/5 (based on 24,319 reviews)
Reviews.co.uk – 3.22/5 (based on 9 reviews)
Smart Money People – 4.95/5 (based on 17,470 reviews)
Which?
– 83% Which? Customer Score

Pros

  • No monthly fees and very few transaction fees (this account is one of the cheapest available!).
  • Includes smart accounting features.
  • Excellent ratings and comments across the review sites.

Cons

  • Desktop version is still new so could be glitchy.
  • Overdraft interest rate higher than some mainstream banks.

Website: Starling Bank Business Banking

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



business bank account

Top 49 UK Business Bank Accounts

free business banking

Top 17 Free Business Bank Accounts In The UK For 2024

7 Business Bank Accounts With No Credit Check

Top 14 UK Business Accounts With Overdraft

Top 31 UK Business Savings Accounts

Top 37 Sole Trader Bank Accounts

Top 17 Business Credit Cards In The UK For 2024

Top 21 UK Prepaid Business Expense Cards

Best Business Bank Accounts · Free Business Bank Accounts · Business Savings Accounts · Business Credit Cards
About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2023 BusinessFinancing.co.uk

Registered Office Address:
2nd Floor 167-169 Great Portland Street, London, United Kingdom, W1W 5PF
Company number 10490224