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
Coutts partners with Mortgage Brain to offer products to intermediaries
Private bank Coutts has partnered with Mortgage Brain to make its products available – via the latter’s platforms – to UK intermediaries...
Charter Savings Bank launches two new accounts
Charter Savings Bank has introduced two new accounts: a 95-day notice account and a three-year fixed rate cash Isa...
FP Show reveals its largest and most diverse conference programme
The Finance Professional Show has confirmed its largest conference programme to date, hosting a selection of varied sessions throughout the event next month...
47% of SMEs prepared to move away from traditional banks
Almost half of SMEs in the UK (47%) would move to a challenger/digital bank or non-banking brand if they decided to switch, according to the latest research by Unisys Corporation...
Monese launches business account
Monese has launched a business account in the UK which will be bundled with its personal banking account...
Metro Bank provides £14m facility to support London office acquisition
Metro Bank has provided Kingsway Properties London with a £14m investment facility to support the acquisition of a five-storey office building in central London...
Tandem introduces new credit card blocking feature
Tandem has created a new card-blocking feature for its banking app which allows customers to react instantly to a misplaced card...
Trinity College Dublin secures €100m EIB facility
The European Investment Bank (EIB) has provided a €100m long-term loan to Trinity College Dublin for four capital developments across the campus...
Arbuthnot Banking Group completes testing phase of direct deposits business
Arbuthnot Banking Group has announced that the internal pilot offering of its direct deposits business will commence soon...
Anna to launch business current account for creative UK SMEs
Hybrid digital assistant Anna has announced plans to launch a UK business current account aimed exclusively at supporting SMEs in the creative industries...
Masthaven reaches £500m in assets
Masthaven has announced that it has generated £500m in assets driven by the growth in its diversified lending across short-term and long-term property finance...