Starling Bank gets down to business accounts

Starling Bank gets down to business accounts

Starling Bank, one of the first banking challengers to offer a mobile-only current account in the UK, is expanding into the business market.

The Starling for Business account will initially be for entrepreneurs, sole-traders, and small business owners. The aim is to offer “fast, secure, and flexible” ways of managing business finance from mobile.

Like the current account, its business account will be free to set up and start using. Customers will have access to same day set up, 24/7 customer service and a link to the Marketplace for invoicing and accounting services. There will also be categorised transactions to arrange expenses and accounts.

Features such as payment services, including real-time Faster Payments and international payments, will also be available.

Anne Boden, CEO and founder of Starling Bank, says: “A huge group of people exist who need more than a personal current account but aren’t quite a small business. This is what we are hoping to solve here by developing Starling for business.”

The service will initially open to a closed group of testers towards the end of 2017. Although, registration for interested customers is now open ahead of the early 2018 launch.

Customers registered will be able to share and discuss the features and any they would want added during the phase of testing.