Benefits of a Business Bank Account
Discover the benefits of setting up a separated business bank account to manage your business finances separated from your personal ones.
The Starling Business bank account is a popular choice in the UK, especially for sole traders, startups and small companies. It has no monthly fees and bespoke options so you can add the features that you need.
But if you’ve outgrown your Starling business account or want to switch providers, read on.
Here, we’ll show you how to close a Starling business account quickly and easily.
We’ll even present you with an alternative, the Wise Business account. It’s ideal for low cost international payments, multi-currency spending and much more.
If the time has come to move on from Starling Bank, here’s how to close your account.
The best and easiest way to do it is to contact customer services in the mobile app.¹ Simply follow these steps:²
Before you get started, make sure you’ve transferred any outstanding balance. Alternatively, the bank will send you a cheque. And remember to cancel all upcoming payment instructions, standing orders and direct debits.
If you have other Starling Bank products, you’ll still be able to access them in the app once you close your current account. For example, if you have a Business Fixed Saver account, you’ll still be able to view your balance and account documents.
Making use of Starling’s Pay As You Grow plan for Bounce Back Loans? You’ll still be able to access your plan as long as you have a loan account, even if you close your current account. You’ll just need to sign into online banking using your loan account number.
Need help closing your business account? The fastest way to get assistance is by starting a live chat in the Starling app. You’ll be able to chat directly to a customer service representative, who’ll guide you through the process. Or if it’s not urgent, you can send a message and someone will get back to you.
But you can also make use of other contact channels if you need to ask a question, or if you’re having problems using the app.
Here’s the contact details you need:
As this is a business account you’re closing, it’s important that you have copies of all statements for your accounting records. It’s likely that you won’t have access once your account is closed, as you’ll no longer be able to login to online banking and download your statements.
The good news is that on closing your account, Starling will automatically send the transaction history to all Directors registered on the account. You can opt out if you wish though.
You can also request copies of the transaction history for closed accounts. Simply call the Starling Bank customer support team on 0207 930 4450.
When you’re ready for a new account, check out Wise Business. It’s a fast, easy and powerful business account which makes trading internationally a breeze.
💡 Read a head to head comparison between Wise Business and Starling Bank |
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With Wise Business account you can:
If your company employs global contractors or freelancers, or buys or sells in foreign markets, Wise has you covered.
Get started with
Wise Business 🚀
After reading this, you should be all set to close your Starling Bank business account. It’s pretty easy to do.
Essentially, all you need to do is start a live chat with customer services and they’ll take care of the rest. If you have any problems, just give Starling a call.
Sources used:
Sources last checked on date: 20-Jul-2023
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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