Starling Offers Business Bank Account for Sole Traders
Starling Bank has announced it is making its business account available to the UK’s 3.4 million sole traders. This expansion comes two months after the bank launched the nation’s first mobile-only business bank account. Starling customers who are sole traders can apply for an account for their business in less than 10 minutes, directly from their smartphone. There are no fees for having an account, no fees for making a payment to another bank account and no fees for withdrawing cash.
Starling customers will be able to make payments to suppliers from the app (including international payments), receive real-time balance updates and access insights on monthly spending. The Goals feature allows users to set savings targets for individual items or areas of expenditure. The accounts will initially be exclusively available to existing Starling customers.