Starling Bank is making its business account offering available to the UK’s 34 million sole traders.
This announcement comes just over two months after Starling launched its business bank account.
Starling customers who are sole traders can apply for the business account 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.
The accounts are initially only available to existing Starling customers.
“We live in the age of the entrepreneur and start-up, but banks haven’t been providing a good enough service to them,” said Anne Boden, CEO at Starling Bank (pictured above).
“We want to change that.
“Since successfully launching the first mobile-only business bank account earlier this year, we have been humbled by the number of requests we have had from potential customers who are self-employed to launch an account for them.
“…Our self-employed customers can create an account that is free, quick to set up and allows them to manage all of their finances straight from their mobile phone.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
OakNorth adds former PRA director to advisory board
OakNorth has appointed Martin Stewart as an independent adviser on its advisory board...
HM Treasury to discuss diversity at FP Show
Representatives from HM Treasury’s Women in Finance Charter team will take part in a panel discussion on the role of diversity targets at the Finance Professional Show...
Aldermore agrees over £200m of new invoice finance facilities
Aldermore has announced that it has delivered over £200m of new invoice finance facilities to UK SMEs in the last 12 months...
CYBG completes acquisition of Virgin Money
CYBG has completed its acquisition of Virgin Money...
Penta raises €7m in latest investment round
Business bank account Penta has announced that it has raised €7m for its Series A investment round...
STB Commercial Finance opens Leeds office
Secure Trust Bank (STB) Commercial Finance has opened a new office in Leeds as it continues its national expansion...
Starling expands payment services and banking-as-a-service offer
Starling Bank is expanding its banking-as-a-service and payment services offer to enable other companies to offer retail banking and make payments...
Tandem launches Journey Card
Digital bank Tandem has launched a new credit card to help users who don’t have a credit history to build a strong profile...
Starling set to launch business accounts for multi-director limited companies
Starling Bank has announced that the bank would soon open its business accounts for limited companies with multiple directors...
Aldermore increases rates on business savings products
Aldermore has increased rates across its fixed rate and customised fixed rate (CFRA) business savings accounts...
Teachers Building Society amends lending criteria
Teachers Building Society has updated and amended its lending criteria to provide intermediaries with a detailed overview of its requirements for both teacher and non-teacher applicants...