Starling Account Type

Starling Bank offers various types of business accounts tailored for different needs. The main account types include:

• Business Account:
• Free to open, with no monthly fees.
• Ideal for limited companies and limited liability partnerships.
• Features include free UK bank transfers, ATM withdrawals, and a Mastercard debit card.
• Integration with accounting tools like Xero and QuickBooks.
• Access to 24/7 customer support.
• Sole Trader Account:
• Designed specifically for self-employed individuals.
• Free and simple to open, allowing for easy integration with accounting software via the Starling app.
• Provides tools for managing finances, such as a bills manager and receipt capture.
• Access to 24/7 UK customer support.
• Multi-Currency Account:
• Suitable for businesses operating globally.
• Manage multiple currencies with a 0.4% conversion fee.
• Separate accounts available for Euro and US Dollar transactions, with monthly fees of £2 and £5, respectively.

Starling Broker Account Opening Process

Opening a Starling business account is a straightforward process that can be completed digitally. Heres how to do it:

• Eligibility:
• Must be a limited company, LLP registered at Companies House, or a sole trader.
• All persons of significant control (PSCs) must be UK residents and individuals.
• The business must not be a holding company or engaged in restricted activities.
• Required Documents:
• Valid photo ID (e.g., passport or driver‘s license).
• Evidence of trading activity (e.g., business registrations, bank statements).
• Application Steps:
• Visit Starling’s website and click on “Apply Now.”
• Download the Starling app via the provided QR code.
• Fill in personal details, including phone number, name, and address.
• Upload a photo of your ID and a video of yourself for security.
• Approval:
• The application process typically takes around 10 minutes.
• If approved, the account will usually be opened within 24 hours.
• Account Management:
• Once the account is active, users can manage it through the Starling app or online banking, accessing features like spending analytics and receipt capture.