At Starling, our aim is to provide the best banking experience for individuals and businesses across the UK. Now, we’re extending our mobile business accounts to even more companies.
In March 2018, we launched the UK’s first mobile business bank accounts. For the first time, British limited companies with one person of significant control could apply for a business account in minutes, all from one app. A few months later, we launched business accounts for sole traders and now companies with multiple people of significant control will be able to apply for a Starling mobile business account.
What is a person of significant control?
A person with significant control (PSC) typically owns 25% or more shares of a business and/or 25%+ of the voting rights. This new account has been built for businesses where multiple PSCs who are also directors of the company need access to the account, such as husband and wife and civil partnership teams.
Why bank with Starling?
With Starling business accounts, you’ll have everything you’d expect from a regulated bank account - instant payments from the app, protection of deposits up to £85,000 and cash deposits at the Post Office. You’ll also have what you want from a modern, digital bank - no monthly fees, easy, paperless application and features and integrations to help you manage your money.