Starling Bank and Elena Meskhi & Co’s Long Relationship
Elena Meskhi & Co. have been clients of Starling Bank for a long time. The variety of bank accounts and high standards of services made Starling Bank a reliable recommendation for our clients. Many of our clients have opted for Starling Bank accounts during the process of automation & optimisation of their financial processes after our recommendation.
Starling Bank’s Key Features
- A free business bank account. No fussy forms, no waiting around. Get down to business now with a simple in-app application and no monthly fees or UK payment charges.
- 24/7 customer care. Need a hand? Get in touch 24/7 in the app or by phone.
- Cash deposits and cheques. Deposit cash at the Post Office for a 0.7% fee (£3 minimum fee). Deposit cheques digitally in-app with just a photo for free.
- Connect to your accounting software. Link your account with QuickBooks, Xero or FreeAgent, and never manually upload a statement again.
- Instant payment notification. Client payment? Networking lunch? Get real-time alerts on your phone as soon as money enters or leaves your account.
- Automate your expenses. Starling Bank will automatically sort your expenses into business categories to simplify your reporting.
- Multi-director accounts. More than one director at your business? You can open your account jointly with anyone else who runs your business.
- Easy switching. Ready to move everything over? Starling Bank do it all for you through the guaranteed Current Account Switch Service
- FSCS protected. A fully regulated UK bank account, where your money’s covered up to £85,000 by the Financial Services Compensation Scheme.
Switch to Starling Bank
With the Current Account Switch Service (CASS), you* can make Starling your main business bank account in just seven working days. All it takes is a tap, and we’ll handle the rest.
- After you click on the application link.
- You can simply download the app (From Google Play Store or Apple Store iOS)
- Then, you can complete the application in around 10 minutes from your phone.
- Starling Bank will carry out some checks, and once the account is approved, they’ll notify you.
- The account number is available right away to approved applicants
- A bank card is ordered in-app and dispatched. It should arrive within 5- 7 working days.
Sending & Receiving Money through Starling Bank
Sending money through Starling Bank:
- Within the UK: 100% free (via Faster Payments, Direct Debits, and Standing Orders).
- Internationally: Starling will charge you the real exchange rate plus a small transfer fee. This fee will vary depending on the payment type you choose and may not be the only fee you’re charged (more on this here).
Receiving money through Starling Bank:
- From the UK: 100% free to receive GBP.
- Internationally: 100% free to receive GBP and EUR. However, sending money to the UK might incur some charges on the payer’s side. Currently, Starling accounts can only hold GBP, EUR and USD.
Foreign currency accounts at Starling Bank:
- Euros: Starling’s EUR account costs £2 a month.
- US Dollars: Starling’s USD account costs £5 a month.
Cash withdrawals:
- In the UK: No fees from Starling
- Internationally: No fees from Starling, whatever the currency. Watch out for fees from local ATMproviders, though
Debit card payments at Starling Bank:
- In GBP: No fees from Starling.
- In a foreign currency: No fees from Starling, but you may incur fees relating to the Mastercard exchange rates or from the merchant. Please note: There is a maximum of £250,000 payment limit per day via Faster Payments. Any payment above £250,000 will need to be sent via CHAPS, which costs £20 per payment. Faster Payments are free of charge.
Post Office (Depositing & Withdrawing Cash)
- Depositing money into your account through the Post Office Counter Service. We’ll charge you a fee for each deposit of money into your account using the Post Office Counter Service- this fee will either be: (i) £3; or (ii) 0.7% of the amount deposited, whichever fee is higher.
- Cash withdrawal in £ Sterling in the UK We will not charge a fee for withdrawing £ Sterling from ATMs in the UK (including Post Office ATMs).
- If you withdraw cash using the Post Office Counter Service, we’ll charge you £0.50 per withdrawal.
Who are Starling Bank for?
To open any Starling account, you must be:
- A Limited Company or LLP registered at Companies House. General partnerships or charities which are not registered as a Limited Company are not yet supported.
- Limited Companies and LLPs need all Persons of Significant Control (PSCs) to be UK residents and natural persons (i.e. no corporate shareholders).
- Sole trader accounts are subject to eligibility checks, which include looking at credit data and understanding the nature of your business.
- All directors with access to the account must be UK residents.
- The business must not be a holding company, dissolved, in liquidation or engage in any activities set out in our terms and conditions.
- Evidence of your trading activities so Starling Bank understands that your business does what you say it does.
Starling Bank can’t accept Companies House documents for this:
- Meet their standard AML/KYC, fraud and credit checks and processes.
- Entities engaged in or linked in any way to certain activities may not be able to open or have a business bank account with Starling.
Get Started with Starling Bank today!
We know that now is the time to put behind us traditional banking as we know it and opt for a holistic solution, such as Starling Bank. Apply online via their app in a matter of minutes starting here. If you are wondering what types of documents you may need for your application, this is a general guideline (you might be required to provide some of these documents or additional ones).
- Bank statements
- Signed agreements/contracts (dated and signed)
- Qualifications/registrations
- Proof of membership (for example, to a trade or industry body)
- Decision in Principle / Lender documentation
- Proof of property ownership / Land Registry documents
- License
- Lease agreement
Key features
- A free business bank account. No fussy forms, no waiting around. Get down to business now with a simple in-app application and no monthly fees or UK payment charges.
- 24/7 customer care. Need a hand? Get in touch 24/7 in the app or by phone. If you’re working, so are we.
- Cash deposits and cheques. Deposit cash at the Post Office for a 0.7% fee (£3 minimum fee). Deposit cheques digitally in-app with just a photo, for free.
- Connect to your accounting software. Link your account with QuickBooks, Xero or FreeAgent and never manually upload a statement again.
- Instant payment notification. Client payment? Networking lunch? Get real-time alerts on your phone as soon as money enters or leaves your account.
- Automate your expenses. We’ll automatically sort your expenses into business categories to simplify your reporting.
- Multi-director accounts. More than one director at your business? You can open your account jointly with anyone else who runs your business.
- Easy switching. Ready to move everything over? We’ll do it all for you through the guaranteed Current Account Switch Service
- FSCS protected. A fully regulated UK bank account, where your money’s covered up to £85,000 by the Financial Services Compensation Scheme.
Who are Starling’s business bank accounts for?
To open any Starling account, you must be:
- A Limited Company or LLP registered at Companies House. General partnerships or charities which are not registered as a Limited Company are not yet supported.
- Limited Companies and LLPs need all Persons of Significant Control (PSCs) to be a UK resident and natural persons (i.e. no corporate shareholders).
- Sole trader accounts are subject to eligibility checks, which include looking at credit data and understanding the nature of your business.
- All directors with access to the account must be UK residents.
- The business must not be a holding company, dissolved, in liquidation or engage in any activities set out in our terms and conditions.
- Evidence of your trading activities so we understand that your business does what you say it does. We can’t accept Companies House documents for this.
- Meet our standard AML/KYC, fraud and credit checks and processes.
Entities engaged in, or linked in any way to, certain activities may not be able to open or have a business bank account with Starling. Check our Business Current Account Terms for more information.
Switch your Business Account to Starling.
With the Current Account Switch Service (CASS), you* can make Starling your main business bank account in just seven working days. All it takes is a tap, and we’ll handle the rest. To find out more, click here.
- You send your unique application link to your client
- The customer downloads our app (From Google Play Store or Apple Store iOS)
- The customer completes the application in around 10 minutes, from their phone
- We’ll carry out some checks and, once the account is approved, we’ll notify the customer
- The account number is available right away to approved applicants
- A bank card is ordered in-app and dispatched . It should arrive within 5- 7 working days
