Starling Business Bank Account Holder Review

[@basicsofbiz]

We said we would link to our head to head review of the 9 different business bank accounts we have access to and here it is - kzbin.info/www/bejne/hKSagIaseNibbJo. Find out which one we considered to be the best!

[@PsychBoost]

Really been finding your content extremely useful as I transition my YT into a full-on limited company; thanks a lot guys! Good luck with the channel, your providing valuable content!

[@basicsofbiz]

Many thanks for the feedback. It is much appreciated. And of course we wish you all the best with your growing venture 👍

[@basicsofbiz]

Many thanks and delighted you found the video help. 👍 And agreed on Handelsbanken. We’ve not heard much about them either. One for us to take a look at in the future!

[@Ziplock9000]

Unfortunately unless you have a passport or driving licence you can't open up an account. Official ID like the Post Office PASS, which is a photo ID, with name and address and approved by the home office and find for Etsy is not good enough for them. So some small businesses can't use them.

[@basicsofbiz]

Yup, the Post Office PASS doesn't seem to be accepted by a lot of the banks we suspect because it's a proof of age card rather than a proof of ID. Seems Natwest and Lloyds are part of the few that do though however they definitely seem to be in the minority.

[@Ziplock9000]

@@basicsofbiz I contacted NatWest and they said they don't accept it. Although it's tagged as a proof of age, it's actually a proof of identity too as it has a picture, address and name. It also has the same vigorous application process that a more traditional ID has. It's silly banks don't accept it.

[@books4739]

0:15 does anyone know if there is anything remotely similar to this survey made for small accountancy firms in the UK?

[@basicsofbiz]

Great question and something we’re continuing to take a look at to find an ever better answer for. In meantime hopefully this video we’ve done will be of value - kzbin.info/www/bejne/l3KThHSIp7N3apIsi=ew6qfQcIHO83rsKa

[@books4739]

Thank you. Since I am a lazy bastard I would love a survey such as the banking one to hand... but I guess I will have to piece together what a good accountancy firm for micro enterprises looks like and then trial and error. @@basicsofbiz

[@SamGittings]

Can I receive payments from the USA with the free account?

[@basicsofbiz]

Free Starling accounts will accept UK GBP and EUR payments into them but not USD unfortunately. Starling do offer a USA add on business account for a subscription but on contacting them about this applications for these seem to be paused at the moment as they make some changes to the account opening process. You could look at accounts like WISE in addition to your main account to fill this gap though - check out our other video on that account here - kzbin.info/www/bejne/ZoCcZKOhlpmAj7M. Hope this helps 👍

[@andrewbarker32]

Also, they do.not allow accountants access. Yes, via Xero, but you are the only person allowed onto the account.

[@samarthpatil9893]

Can I open starling Bank account from India digitally

[@basicsofbiz]

You can find the complete details about Starling Bank's eligibility here - www.starlingbank.com/business-account/eligibility/. Assuming you meet the criteria and its a digital bank can't see any reason why you can't open a business account remotely.

[@stonewarebirds3620]

Lots of people seem to complain about their accounts being frozen for days/weeks because of suspected fraud. This seems crazy that the account holder should be locked out of the account when experiencing fraud!

[@basicsofbiz]

There did seem to be a couple of reviews along those lines but impossible to comment obviously without knowing what's going on in each individual case. One of things worth thinking about to protect your business in these sort of scenarios if having two business accounts. We did a quick short video on this very topic - kzbin.infogiKMyRW-las - which hopefully helps. 👍

[@mikecuggy9018]

Your chess board is set up incorrectly - switch the black king and queen so that the kings are opposite each other ;)

[@basicsofbiz]

😂 Good spot Mike. The chess board is an heirloom from a family member who hoped it would persuade me to keep playing. As you have spotted though it's not had the desired effect! 😂

[@andrewbarker32]

Er...they do not have a deposit account. So no interest on deposits. Poor

[@toffmcman9505]

Starling is the worst honestly I don’t recommend it

[@basicsofbiz]

What happened? Would be great if you can share with the community and you are happy to. 👍

[@toffmcman9505]

Well I opened a business account with them then I had to go through tons of questions and verifications and supplied all documents regarding business details it did take forever and had to wait for couple days they declined it for no reason and there was no explanation why I tried 3 times and I did give up on them switch to tide and Iam happy to use it for my business . Starling is let down an unprofessional bank .