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Starling bank business account

Anyone used yet?

I'm being offered £750 to move my (small) practice account away from RBS. There are a number of banks available with incentives, but am quite tempted by this one. No charges (unlike the others which only offer charge free periods) and seem to offer everything except a cheque book, which I don't need. Even a FREEPOST address for paying in the occasional cheque (no charge) which is more than RBS offered! And was quite impressed with an online chat I had with them at 10:00 on Saturday night - the chap at the other end was (a) a real human (b) very knowledgeable and (c) very friendly!

Input from anyone who has actually used them would be very welcome.

 

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By Maslins
04th Mar 2019 16:53

We don't use them so can't comment much. Only thing I would say is double check whether they can accept direct debit payments out.

A few of our clients have signed up with "challenger banks", assuming DDs are a standard feature that any current account would have. Evidently not all do! I'm unsure whether Starling currently do or not, but if not, it would be a deal breaker for me. DDs make life so much easier.

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04th Mar 2019 18:56

Go for it. I have a client on it and it's flipping brilliant. All done through your mobile phone. Faster payments can be done on the fly and they do direct debits. You are notified on the phone when a payment is made or credit received. Statements can be downloaded to your phone in either csv or pdf format.

Client originally went for Revolut and it was a nightmare, they didn't do direct debits, and charged £6.99 a month for the privilege, where Starling there isn't a charge - yet.

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to legerman
04th Mar 2019 20:16

What's the difference between that and any other bank's mobile app though?

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to DaveyJonesLocker
05th Mar 2019 14:39

DaveyJonesLocker wrote:

What's the difference between that and any other bank's mobile app though?

I've no idea, I've only seen Tide, Revolut and Starling. Out of the 3 Starling was by far the best.

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By Matrix
04th Mar 2019 19:46

I wouldn’t take the credit risk on a small, new bank.

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to Matrix
04th Mar 2019 21:19

But surely FSCS protection extends to small businesses nowadays?

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By mrme89
04th Mar 2019 20:47

Not used it for business.

But personally, it’s a great bank. Especially when holidaying.

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By Locutus
05th Mar 2019 09:31

Same as mrme89 - I use it personally, but not for business.

I’ve been impressed by the speed of opening, innovative approach of having everything on your mobile phone and decent interest rate.

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