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Starling Bank account

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Recommend them all day long. Both my business accounts are with Starling and as long as you keep less than the FSCS threshold, your money is safe as they have a banking license.

Besides, if they annoy you, you can shift to a new bank in a day, transfer services move the direct debits and handle any credits not re routed yourself, its all pretty effortless.

The key question with the challenger banks is how they monetise. Monzo are facing a real concern over this and im sure other challengers will too. I accept that risk because business services from Lloyds, with whom i banked with for 20 years, business banking for a decade, have been frankly appaling, they just dont care one bit, so im sure as hell not giving them my business now im doing well, when they basically ignored my existence when i needed them.

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

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Started with Santander for the 18 month free period. Terrible app/website, which is odd as personal accounts were fine. Tried Tide, but you pay a fee for every transaction, so for rent in & payments out etc, which with a refurb starting wasn't great.

Starling then allowed accounts for Ltd companies so moved to them about 15months ago. Very happy with them. Can do the account switch, so just sit back and it happens. Haven't had to pay a penny and have done a few mortgages / remortgages with no issues. App is great and I like being able to set up 'Spaces' so pay money into separate ones every month for maintenance, insurance etc and when the bill comes, just pull the money out and pay it. 

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18 hours ago, horne-properties said:

hi guys,

I have a starling business bank account and also Barclays business bank account, I am unsure on which to is best to use for mortgages / direct debits ect ?

any help would be great thanks Liam

I don't think it would make much difference to be honest. I am not familiar with the Barclays account, do they charge? Starling is free which is a bonus.

David M Slater ACMA 

Accufy Accounting  - Proactive accounting for property investors 

0208 242 4926    info@accufy.uk



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On 11/26/2020 at 10:54 AM, jonnyboy said:

Has anyone had any experience with using Starling for their business bank account? Would you recommend them? I'm currently using Natwest but thinking of moving.


Hi, I was with Natwest for years (own a bike shop) and was invited to switch to Starling via the RBS Business Banking Switch Initiative. All I can say is it's night and day different, Natwest and high street banks seem to be stuck in the stoneage. Downsides - Online chat can take a while to get through for help and payments into 'Spaces' (seperates spots to put aside for VAT etc) do not show on your statement so it's more difficult to reconcile.

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These internet banks do seem to the the way forward if business banking requirements are relatively simple. 

Investing into a SPV company will require a company bank account and a lot of our clients are finding it easier to go online and have an account set up with the likes of Tide, Starling etc in a very short space of time.  vs high street banks, who often want an appointment and then a few further days moving mandate papers through their various 'customer service centres' before you even get an account number. It seems a no brainer for convenience and speed. 

Of course once business banking transactional requirements get more complex then that is where the main banks come into their own. 

Property investor ¦ Commercial Finance Broker ¦ Ex banker with 20 years lending experience. 

Commercial Lending Manager at Real Finance Ltd - www.realfinance.co.uk
Happy to discuss any queries regarding property finance for  Company/Complex BTL, HMO, MUB, Holiday Let, Commercial, Bridging & Development.  


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  • 4 months later...

I am having trouble opening an account with Starling bank. They are asking for additional evidence of my business activities; however, it is an SPV that I have only just set up pending acquisition of my first property. Any advice on this would be greatly appreciated!

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They asked me as well, luckily I’d already got a mortgage advisor who had run a comparison in company name, attached it waited a few days for a human to look at it, passed. No issues since.

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