Starling Bank vs Revolut for business banking

Updated on 7 August 2023

Choosing the right business bank is crucial for the success of your company. Starling Bank vs Revolut are two major players in the field of digital banking, and both offer unique benefits for businesses. This article compares the two to help you make an informed decision about which will serve your business needs better.

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Starling Bank vs Revolut

FeatureStarling BankRevolut
Account TypeBusinessBusiness
App SupportiOS, AndroidiOS, Android
24/7 Customer SupportYesYes
Free Payments in the UKYesYes
International PaymentsYes (with charges)Yes (with charges)
Fee-free Spending AbroadYesLimited free
OverdraftsYesNo
Business LoansYesNo
Multi-Currency AccountsYesYes
Accounting IntegrationsYesYes
Starling vs Revolut

Wallester Business
✓ Virtual & Physical Cards
✓ No Setup Fees
✓ No Monthly Fee
Pricing Trial period Contact

Revolut Business
✓ Business Current Account
✓ Award-Winning Mobile App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Tide Business Bank Accounts
✓ Free, Plus, or Pro Account
✓ iOS & Android Mobile App
✓ Upload & Auto-Match Receipts
Pricing Trial period Contact

Card One Money
✓ No Credit Checks
✓ Simple Fees
✓ Up To 3.5% Cashback
Pricing Trial period Contact

ANNA Money
✓ Apply In 10 Minutes
✓ Bookkeeping & Payroll Tools
✓ User-Friendly Mobile App
Pricing Trial period Contact

HSBC Business Banking
✓ Business Current Account
✓ In-Branch, Online & App Banking
✓ FSCS Protected
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Metro Business Banking
✓ Business Current Account
✓ High Street Presence
✓ FSCS Protected
Pricing Trial period Contact

Mettle Business Banking
✓ Business Bank Account
✓ Online & App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Monzo Business Banking
✓ Business Current Account
✓ Dedicated mobile app experience
✓ FSCS Protected
Pricing Trial period Contact

Virgin Money
✓ Business M Account
✓ In-Store, Online & App Banking
✓ Insights & Forecasting Platform
Pricing Trial period Contact

Starling Bank

Starling Bank is a UK-based digital bank that aims to offer a more efficient banking experience, focusing on ease of use, excellent customer service, and transparency. Starling’s business accounts are designed to suit a wide range of business needs, from sole traders to larger businesses.

Pros and cons

Pros

  • No monthly account fees.
  • Fee-free spending abroad.
  • 24/7 customer support.
  • Overdrafts and business loans available.
  • Seamless integration with popular accounting software.

Cons

  • Fees for depositing cash and cheques.
  • No physical branches.
  • International payments attract charges.

Fees and charges

Fee TypeStarling Bank
Monthly Account Fee£0
UK PaymentsFree
Cash Deposits (at Post Office)0.3% of deposit
Cheque Deposits£0.50 per cheque
International Payments£5.50 per payment
Overdrafts15% EAR
Starling Bank fees and charges

Unique and standout features

Starling Bank provides a number of unique features such as:

Pipedrive logo The CRM platform to grow your business
  • Great for entrepreneurs
  • Powerful data analytics
  • Manage sales and data
Rippling logo Manage all your employee data
  • Run in 90 seconds
  • 100% error-free
  • Automatic tx filing
Wix logo Powerful web builder and advanced business tools
  • Great for startups
  • Powerful web page builder
  • E-commerce available
Planable logo Supercharged content planning
  • Great for marketing
  • Better than lists or sheets
  • Manage social media
Webador logo Create a new website in 10 minutes. Easy.
  • Launch your website fast
  • Powerful data intuitive
  • No coding skills needed
  • Marketplace: A selection of third-party services that can be integrated directly into your account, including insurance and accounting software.
  • Goals: A feature allowing you to set aside money for specific targets.
  • Connected Cards: An option for trusted people to manage the account.

Revolut

Revolut is a UK-founded fintech company offering a variety of financial services, including business accounts. It provides businesses with a platform for managing international transactions and includes features for team management and expense tracking.

Pros and cons

Pros

  • Multi-currency accounts.
  • Option for prepaid corporate cards.
  • Advanced budgeting and analytics tools.
  • Seamless integration with accounting software.
  • Expense management features.

Cons

  • Charges after a certain number of free international payments.
  • Monthly fee for account maintenance.
  • No overdrafts or business loans.

Fees and charges

Fee TypeRevolut
Monthly Account FeeFrom £25
UK PaymentsFree
International PaymentsFree (up to a limit, then £3)
Prepaid Corporate Cards£5 per card
Exchange RatesInterbank rate (up to a limit, then 0.4% weekdays, 1.5% weekends)
ATM WithdrawalsFree up to £300 per month, then 2%
Revolut charges and fees

Unique and standout features

Revolut offers unique features including:

  • Prepaid Corporate Cards: Prepaid debit cards for employees, with individual spending limits.
  • Expense Management: A tool to simplify expense reporting and approvals.
  • Perks: Access to discounts and cashback at a range of partner businesses.

Conclusion

Starling Bank and Revolut both offer robust business banking solutions. The choice between the two may come down to your business’s specific needs.

If your business needs to handle cash or cheques frequently, or if you require access to credit, Starling Bank may be the better choice.

If your business conducts a lot of international transactions, or if advanced expense management is a priority, Revolut may be more suitable.

FAQ

Can I have accounts with both Starling Bank and Revolut?

Yes, there is no rule preventing you from having accounts with both banks. In fact, some businesses choose to do so to take advantage of the unique features each bank offers.

How do I deposit cash or cheques with these digital banks?

With Starling, you can deposit cash at any Post Office branch in the UK. Cheques can be mailed to Starling or deposited via the mobile app. Revolut, however, does not currently accept cash or cheque deposits.

Can I use these accounts for international transactions?

Yes, both Starling and Revolut offer the ability to make international payments. However, each bank has different charges and limits for these transactions.

Do these banks offer loans for businesses?

As of now, Starling Bank offers overdrafts and business loans, whereas Revolut does not.

Do Starling and Revolut provide 24/7 customer support?

Yes, both Starling and Revolut offer 24/7 customer support, which can be accessed via their respective apps or websites.

Reviewed by , Managing Director

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