UK-based Starling Bank has announced supercharging its bank accounts for businesses and sole traders with unsecured loans of up to GBP 250K.
This adds to an increase in its overdraft limits from GBP 10K to GBP 150K, more competitive overdraft rates and a custom-built tax and financial management Toolkit. As part of the changes, Starling is launching its first paid for features for businesses, providing access to a powerful new Business Toolkit, costing GBP 7 per month for sole traders and GBP 12 per month for limited companies.
Starling’s accounts for limited businesses and sole traders, will remain free. But business owners will be able to opt for a paid-for Business Toolkit account that includes powerful new tools to track invoices, monitor cash-flow, keep track of how much tax and VAT they owe, submit VAT returns through HMRC Making Tax Digital-compliant software and more.
Starling is a fintech business with a banking licence, fully regulated by the FCA and PRA. It is directly connected to major payment schemes, including Faster Payments, SEPA, Bacs and Mastercard.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.