Business banking fees, rates and charges
Business current account or sole trader account
Summary of fees, rates and charges
Euro business current account or euro sole trader account
Summary of fees, rates and charges
Non-refundable £2 per month (paid in advance). We will deduct this fee on or around the first day of each month.
See full details of rates and charges associated with this account.
Please note there is a -0.5% AER on positive balances above €50,000 (i.e. interest is charged on the account).
See frequently asked questions on euro account subscriptions.
USD business current account
Summary of fees, rates and charges
Non-refundable £5 per month (paid in advance). We will deduct this fee on or around the first day of each month.
See full details of rates and charges associated with this account.
Note this account is not currently available to sole traders.
See frequently asked questions on USD account subscriptions.
Product, feature or service
Summary of fees, rates and charges
Business current account or sole trader account
Euro business current account or euro sole trader account
Non-refundable £2 per month (paid in advance). We will deduct this fee on or around the first day of each month.
See full details of rates and charges associated with this account.
Please note there is a -0.5% AER on positive balances above €50,000 (i.e. interest is charged on the account).
See frequently asked questions on euro account subscriptions.
USD business current account
Non-refundable £5 per month (paid in advance). We will deduct this fee on or around the first day of each month.
See full details of rates and charges associated with this account.
Note this account is not currently available to sole traders.
See frequently asked questions on USD account subscriptions.
Business overdrafts
*Business current accounts*: arranged overdraft (where we have agreed an overdraft facility with you in advance)
Summary of fees, rates and charges
We will charge interest at the specific interest rate confirmed and viewable to you in your app. Interest accrues on a daily basis.
If you go over your limit, we will charge interest at the same rate as your arranged overdraft facility.
We also charge an annual fee of the greater of: (i) 1.5% of your limit; or (ii) £50. This fee is payable in advance.
See full details of how and when we charge for overdrafts.
*Sole trader accounts*: arranged overdraft (where we have agreed an overdraft facility with you in advance)
Summary of fees, rates and charges
If we offer you an overdraft facility and you accept this, we will charge interest at 15% AER (variable).
Interest accrues on a daily basis.
If you go over your limit, we will charge interest at the same rate as your arranged overdraft facility.
We will not charge a fee for having an arranged overdraft with us.
See full details of how and when we charge for overdrafts.
*Business current accounts and sole trader accounts*: unarranged overdraft; or the account is in arrears
Summary of fees, rates and charges
For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR.
We do not charge an annual fee.
See full details of how and when we charge for overdrafts.
*Euro business current accounts and euro sole trader accounts*: unarranged Overdraft; or the account is in arrears
Summary of fees, rates and charges
For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR.
We do not charge an annual fee.
See full details of how and when we charge for overdrafts.
*US dollar business current accounts*: unarranged overdraft; or the account is in arrears
Summary of fees, rates and charges
For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR.
We do not charge an annual fee.
See full details of how and when we charge for overdrafts.
Product, feature or service
Summary of fees, rates and charges
*Business current accounts*: arranged overdraft (where we have agreed an overdraft facility with you in advance)
We will charge interest at the specific interest rate confirmed and viewable to you in your app. Interest accrues on a daily basis.
If you go over your limit, we will charge interest at the same rate as your arranged overdraft facility.
We also charge an annual fee of the greater of: (i) 1.5% of your limit; or (ii) £50. This fee is payable in advance.
See full details of how and when we charge for overdrafts.
*Sole trader accounts*: arranged overdraft (where we have agreed an overdraft facility with you in advance)
If we offer you an overdraft facility and you accept this, we will charge interest at 15% AER (variable).
Interest accrues on a daily basis.
If you go over your limit, we will charge interest at the same rate as your arranged overdraft facility.
We will not charge a fee for having an arranged overdraft with us.
See full details of how and when we charge for overdrafts.
*Business current accounts and sole trader accounts*: unarranged overdraft; or the account is in arrears
For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR.
We do not charge an annual fee.
See full details of how and when we charge for overdrafts.
*Euro business current accounts and euro sole trader accounts*: unarranged Overdraft; or the account is in arrears
For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR.
We do not charge an annual fee.
See full details of how and when we charge for overdrafts.
*US dollar business current accounts*: unarranged overdraft; or the account is in arrears
For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR.
We do not charge an annual fee.
See full details of how and when we charge for overdrafts.
Paid for services
Business Toolkit
Summary of fees, rates and charges
Non-refundable £7 per month (paid in advance).
We will deduct this fee on or around the first day of each month.
See frequently asked questions on Toolkit subscriptions.
Product, feature or service
Summary of fees, rates and charges
Business Toolkit
Non-refundable £7 per month (paid in advance).
We will deduct this fee on or around the first day of each month.
See frequently asked questions on Toolkit subscriptions.
Insufficient funds
Refusing a payment due to lack of funds
Summary of fees, rates and charges
No fee charged.
Allowing a payment despite lack of funds
Summary of fees, rates and charges
We will not charge a fee if we allow a payment despite a lack of funds in your account. However, you must repay the amount you owe to us immediately or you will be considered to be in arrears.
We will also charge interest at the rates set out above (for unarranged overdrafts and arrears) on the amount you owe us.
Product, feature or service
Summary of fees, rates and charges
Refusing a payment due to lack of funds
No fee charged.
Allowing a payment despite lack of funds
We will not charge a fee if we allow a payment despite a lack of funds in your account. However, you must repay the amount you owe to us immediately or you will be considered to be in arrears.
We will also charge interest at the rates set out above (for unarranged overdrafts and arrears) on the amount you owe us.
Sending money in the UK
Sending money within the UK via Faster Payments, direct debits and standing orders
Summary of fees, rates and charges
No charge.
Sending money within the UK via CHAPS
Summary of fees, rates and charges
£20 for each CHAPS payment you instruct us to make.
Product, feature or service
Summary of fees, rates and charges
Sending money within the UK via Faster Payments, direct debits and standing orders
No charge.
Sending money within the UK via CHAPS
£20 for each CHAPS payment you instruct us to make.
Sending money outside of the UK
Sending money outside of the UK (third party accounts)
Summary of fees, rates and charges
We will use the exchange rate and charge you the fees shown within the international Payments page of the app:
0.4% transfer fee + local fees for each currency we support (see country fees).
Plus £5.50 for a SWIFT payment.
Please also note that your payee’s bank and other banks involved in processing the payment may charge additional fees for your payee to receive the payment. This means that the amount your payee receives may be less than the amount shown on the International Payments page in the app. We do not have any control over these additional charges.
Currency transfers between your Starling accounts (e.g. GBP to EUR)
Summary of fees, rates and charges
We will use the exchange rate and charge you the fees shown within the international Payments page of the app:
0.4% transfer fee + local fees for each currency we support (see country fees).
Product, feature or service
Summary of fees, rates and charges
Sending money outside of the UK (third party accounts)
We will use the exchange rate and charge you the fees shown within the international Payments page of the app:
0.4% transfer fee + local fees for each currency we support (see country fees).
Plus £5.50 for a SWIFT payment.
Please also note that your payee’s bank and other banks involved in processing the payment may charge additional fees for your payee to receive the payment. This means that the amount your payee receives may be less than the amount shown on the International Payments page in the app. We do not have any control over these additional charges.
Currency transfers between your Starling accounts (e.g. GBP to EUR)
We will use the exchange rate and charge you the fees shown within the international Payments page of the app:
0.4% transfer fee + local fees for each currency we support (see country fees).
Receiving and depositing money
Receiving money into your account from the UK
Summary of fees, rates and charges
Free of charge to receive £ Sterling into your account.
Receiving money into your account from outside the UK
Summary of fees, rates and charges
At this stage we can only receive money into your account in £ Sterling or Euro.
If you receive Euros into your £ Sterling denominated account we will apply the real exchange rate and add a 2% conversion fee.
There is no charge for receiving Euros into your euro account, or receiving £ Sterling into your GBP denominated account.
Depositing money into your Account through the Post Office counter service
Summary of fees, rates and charges
We will charge you the following fees to deposit money into your account using the Post Office counter service:
Deposits of up to £1000: £3, and:
Deposits of £1000 and above: 0.3% of the amount deposited.
Product, feature or service
Summary of fees, rates and charges
Receiving money into your account from the UK
Free of charge to receive £ Sterling into your account.
Receiving money into your account from outside the UK
At this stage we can only receive money into your account in £ Sterling or Euro.
If you receive Euros into your £ Sterling denominated account we will apply the real exchange rate and add a 2% conversion fee.
There is no charge for receiving Euros into your euro account, or receiving £ Sterling into your GBP denominated account.
Depositing money into your Account through the Post Office counter service
We will charge you the following fees to deposit money into your account using the Post Office counter service:
Deposits of up to £1000: £3, and:
Deposits of £1000 and above: 0.3% of the amount deposited.
Cash withdrawals
Cash withdrawal in £ Sterling in the UK
Summary of fees, rates and charges
We will not charge a fee for withdrawing £ Sterling from ATMs in the UK.
If you withdraw cash using the Post Office counter service, we will charge you £0.50 per withdrawal.
Please note our cards do not work at Link cash machines.
Cash withdrawal in foreign currency outside the UK
Summary of fees, rates and charges
We will not charge you a fee for withdrawing cash in foreign currency outside the UK. However, the Mastercard exchange rates will apply to any such withdrawal and you may also be charged a fee by the local ATM provider.
Product, feature or service
Summary of fees, rates and charges
Cash withdrawal in £ Sterling in the UK
We will not charge a fee for withdrawing £ Sterling from ATMs in the UK.
If you withdraw cash using the Post Office counter service, we will charge you £0.50 per withdrawal.
Please note our cards do not work at Link cash machines.
Cash withdrawal in foreign currency outside the UK
We will not charge you a fee for withdrawing cash in foreign currency outside the UK. However, the Mastercard exchange rates will apply to any such withdrawal and you may also be charged a fee by the local ATM provider.
Debit card payments
Debit card payment in £ Sterling
Summary of fees, rates and charges
We will not charge a fee for making a payment in £ Sterling, whether in a shop, online or over the phone.
Debit card payment in a foreign currency
Summary of fees, rates and charges
We will not charge a fee for making a payment in a foreign currency. However, if you choose to make the payment in the foreign currency, the Mastercard exchange rates in force from time to time will apply:
If you choose to make the payment in £ Sterling, the merchant will apply their own exchange rate and may apply their own fees.
Product, feature or service
Summary of fees, rates and charges
Debit card payment in £ Sterling
We will not charge a fee for making a payment in £ Sterling, whether in a shop, online or over the phone.
Debit card payment in a foreign currency
We will not charge a fee for making a payment in a foreign currency. However, if you choose to make the payment in the foreign currency, the Mastercard exchange rates in force from time to time will apply:
If you choose to make the payment in £ Sterling, the merchant will apply their own exchange rate and may apply their own fees.
Additional services
Replacement debit cards within the UK
Summary of fees, rates and charges
We may charge you a fee of £5 for each replacement debit card and the replacement debit card will be delivered to the UK address we hold for you at the time.
Replacement debit card overseas
Summary of fees, rates and charges
If you lose your card or it is stolen while you are overseas, we may charge you a fee of £60.
Certifying documents
Summary of fees, rates and charges
We may charge you a fee of £20 for certifying documents relating to your account.
Product, feature or service
Summary of fees, rates and charges
Replacement debit cards within the UK
We may charge you a fee of £5 for each replacement debit card and the replacement debit card will be delivered to the UK address we hold for you at the time.
Replacement debit card overseas
If you lose your card or it is stolen while you are overseas, we may charge you a fee of £60.
Certifying documents
We may charge you a fee of £20 for certifying documents relating to your account.
Do you have a personal account with Starling?
View our personal fees, rates and charges.
*EAR means Equivalent Annual Rate. This is a representative interest rate that shows what you would pay if you go into your overdraft facility and remain overdrawn for a year. Interest is accrued daily, charged monthly and it is all updated in your app and online banking.
*AER means Annual Equivalent Rate. This is the rate of interest a saver will receive over a year assuming the credit balance is left in your account for the full year.