Starling’s ‘Business Toolkit’ is out of beta since this week, offering a £7/month subscription account dedicated to SMEs while providing them with various features.
The features include sending and tracking invoices, automating expenses and connecting with HMRC to submit VAT returns. “It gives customers access to all the features of our free business account, but with extra tools designed to simplify business admin,” is the official description.
This account option was in beta since January and the toolkit integrates with HMRC’s ‘Making Tax Digital’ software.
Read also: Starling Bank is seeking to raise up an additional £35m in funding
“Small business owners are under a huge amount of strain at the moment and at Starling, we’re continually looking for ways to help them get back on their feet and remain open for business,” said Starling’s CEO Anne Boden.
“The new features that we’ve built for the Business Toolkit will help entrepreneurs save time and money, while at the same time allowing them to cut down on paperwork and spend more time serving their customers.”
To promote the ‘Business Toolkit’, Starling makes it free for the first three months for businesses who sign up before 31 July.
To enable SMEs to trade on both sides of the Atlantic, Starling has also launched its second multi-currency account, this time in US dollars (first was the euro business account, launched in October 2019).
It allows users to hold, send and receive US dollars from their banking app. Customers can spend in both pounds and US dollars using one debit card.
Starling’s US dollar account is a full US bank account that includes an ACH routing number (the equivalent of account number and sort code).
