Starling Bank upgrades its business accounts

The first 500 customers who sign up to the waiting list will get free access to the Business Toolkit for 5 years

Starling Bank

Starling Bank upgrades its business accounts. Source: youtube.com

Starling Bank announced the boost of its business bank accounts and sole traders with a range of new features. They include unsecured business loans of up to £250 thousand and an increase in its overdraft limits from £10 to £150 thousand. Along with that, the bank adds more competitive overdraft rates and a custom-built tax and financial management Toolkit.

What is more, Starling is launching its first paid-for features for businesses. Enterprises can get access to a Business Toolkit, costing £7 per month for sole traders and £12 per month for limited companies.

The Business Toolkit account includes tools that allow tracking invoices and monitoring cash flow. Along with that, customers will be able to keep track of how much tax and VAT they owe and more.

As to unsecured loans for business, the bank offers from £5,000 to £250,000 over 1 to 5 years. The proposal will be available to limited companies that have been trading for at least 18 months on application directly to the bank.

Life as a small business owner can be a bit of a balancing act and time is often in short supply. We’ve built a range of new features in the Business Toolkit to help save entrepreneurs time and money, while at the same time cutting down on paperwork and hassle
Anne Boden, founder and chief executive of Starling Bank

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