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.'
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