Starling Bank has announced the launch of its business current accounts for SMEs and entrepreneurs in the UK.
The mobile-only bank's business account is free to use and charges no fees for making a payment or withdrawing cash.
Starling business customers will be able to manage their account entirely from their mobile, and can make payments to suppliers through the app, including international payments.
Customers can also see a monthly categorised breakdown of transactions, export transactions directly to their accounting software and are able to set money aside for purposes such as tax using the goals feature.
â€œIn a market with almost no meaningful competition, entrepreneurs and small business owners have for too long been marginalised and taken advantage of by big banks,' said Anne Boden, CEO at Starling Bank (pictured above).
â€œHaving spent the past year building an award-winning bank and personal current account, today we're happy to announce that we're launching a business account which offers all of the same great features and more to small businesses and entrepreneurs.
â€œStarling's mobile-only business banking solution is free, uncomplicated and quick, taking the effort out of banking so our customers can spend more time growing their business, and less with their bank.'
Ollie Cornes, director of Juicy Software Limited, an early adopter of Starling's business account added: â€œI'm a freelance Android mobile app software developer and I expect my business bank to deliver a great mobile app banking experience.
â€œStarling Bank's business account took a matter of minutes to set up on my smartphone, and with no need to visit a bank branch or fill out any forms.
â€œWhen customers pay my company for work, or suppliers take payment, I get a notification on my phone instantly from the Starling Bank app to let me know.
â€œIt's impressive and delightful, and puts them streets ahead of the big banks.'
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Wyelands Bank completes $12m trade finance deal
Wyelands Bank has provided a trade finance deal for Canon Garth worth up to $12m annually...
The UK's SME productivity challenge
There are many millstones hanging around the neck of Britain’s economy in early 2019...
Metro Bank, Starling and ClearBank awarded £280m of funding
Metro Bank has secured £120m in funding from Banking Competition Remedies Limited (BCR)...
Falcon Private Bank to discontinue UK operations
Falcon Private Bank has decided to discontinue its UK operations and sell the assets of its London-based subsidiary, Falcon Private Wealth Ltd, to Dolfin Financial (UK) Ltd...
Revolut CEO calls for specialised tech visas
Nik Storonsky, CEO at Revolut (pictured above), has called on the UK government to introduce specialised visas for technology professionals...
Aldermore appoints new head of intermediary distribution
Aldermore has appointed Nick Parker (pictured above) as its new head of intermediary distribution within its retail mortgage business...
Ipswich Building Society to develop enhanced savings proposition over next two years
Ipswich Building Society has confirmed that it will develop an enhanced savings proposition over the next two years, with a focus on both digital and face-to-face services...
BTR: Tenant poacher or happy bedfellow?
The sand has been shifting so much under the feet of private landlords that many may believe they are becoming an endangered species...
Paragon bolsters asset finance team
Paragon has appointed Jan Greenhalgh as head of new business within its asset finance division...
Gatehouse Bank appoints new director
Gatehouse Bank has appointed Roger Evans (pictured above) as its new director of home finance distribution...
Rob Lankey to join Shawbrook as director of commercial investment
Shawbrook has announced that Rob Lankey (pictured above) will join as its new director of commercial investment at the end of February...