Starling Bank’s business bank account prides itself on being free, uncomplicated, and quick to set up.
You can also feel safe in the knowledge that your deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 – as long as you meet the organisation’s eligibility rules.
However, at the moment, the business account is only open to owners of limited companies with significant control. Meanwhile, the sole trader account is only open to people with a Starling personal bank account (although there are plans to open this up).
To open an account, you need to enter some personal details, then verify yourself by sending a short video and some identification documents. You’ll then need to provide some information about the online presence and day to day activities of your business, while Starling carries out credit checks