Starling Bank Business banking fees, rates and charges Contents Business accounts Business overdrafts Paid for services Insufficient funds Sending money within the UK Sending money outside of the UK Receiving and depositing money Cash withdrawals Debit card payments Additional services Full details of fees, rates and charges Business accounts Business current account or sole trader account Summary of fees, rates and charges No monthly fee. See full details of rates and charges associated with this account. Euro business current account or euro sole trader account Summary of fees, rates and charges Non-refundable £2 per month (paid in advance). We will deduct this fee on or around the first day of each month. See full details of rates and charges associated with this account. Please note there is a -0.5% AER on positive balances above €50,000 (i.e. interest is charged on the account). See frequently asked questions on euro account subscriptions. USD business current account Summary of fees, rates and charges Non-refundable £5 per month (paid in advance). We will deduct this fee on or around the first day of each month. See full details of rates and charges associated with this account. Note this account is not currently available to sole traders. See frequently asked questions on USD account subscriptions. Back to the top Business overdrafts *Business current accounts*: arranged overdraft (where we have agreed an overdraft facility with you in advance) Summary of fees, rates and charges We will charge interest at the specific interest rate confirmed and viewable to you in your app. Interest accrues on a daily basis. If you go over your limit, we will charge interest at the same rate as your arranged overdraft facility. We also charge an annual fee of the greater of: (i) 1.5% of your limit; or (ii) £50. This fee is payable in advance. See full details of how and when we charge for overdrafts. *Sole trader accounts*: arranged overdraft (where we have agreed an overdraft facility with you in advance) Summary of fees, rates and charges If we offer you an overdraft facility and you accept this, we will charge interest at 15% AER (variable). Interest accrues on a daily basis. If you go over your limit, we will charge interest at the same rate as your arranged overdraft facility. We will not charge a fee for having an arranged overdraft with us. See full details of how and when we charge for overdrafts. *Business current accounts and sole trader accounts*: unarranged overdraft; or the account is in arrears Summary of fees, rates and charges For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR. We do not charge an annual fee. See full details of how and when we charge for overdrafts. *Euro business current accounts and euro sole trader accounts*: unarranged Overdraft; or the account is in arrears Summary of fees, rates and charges For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR. We do not charge an annual fee. See full details of how and when we charge for overdrafts. *US dollar business current accounts*: unarranged overdraft; or the account is in arrears Summary of fees, rates and charges For unarranged overdrafts (i.e. where we have not agreed an overdraft facility with you in advance) we charge interest at 15% EAR. We do not charge an annual fee. See full details of how and when we charge for overdrafts. Back to the top Paid for services Business Toolkit Summary of fees, rates and charges Non-refundable £7 per month (paid in advance). We will deduct this fee on or around the first day of each month. See frequently asked questions on Toolkit subscriptions. Back to the top Insufficient funds Refusing a payment due to lack of funds Summary of fees, rates and charges No fee charged. Allowing a payment despite lack of funds Summary of fees, rates and charges We will not charge a fee if we allow a payment despite a lack of funds in your account. However, you must repay the amount you owe to us immediately or you will be considered to be in arrears. We will also charge interest at the rates set out above (for unarranged overdrafts and arrears) on the amount you owe us. Back to the top Sending money in the UK Sending money within the UK via Faster Payments, direct debits and standing orders Summary of fees, rates and charges No charge. Sending money within the UK via CHAPS Summary of fees, rates and charges £20 for each CHAPS payment you instruct us to make. Back to the top Sending money outside of the UK Sending money outside of the UK (third party accounts) Summary of fees, rates and charges We will use the exchange rate and charge you the fees shown within the international Payments page of the app: 0.4% transfer fee + local fees for each currency we support (see country fees). Plus £5.50 for a SWIFT payment. Please also note that your payee’s bank and other banks involved in processing the payment may charge additional fees for your payee to receive the payment. This means that the amount your payee receives may be less than the amount shown on the International Payments page in the app. We do not have any control over these additional charges. Currency transfers between your Starling accounts (e.g. GBP to EUR) Summary of fees, rates and charges We will use the exchange rate and charge you the fees shown within the international Payments page of the app: 0.4% transfer fee + local fees for each currency we support (see country fees). Back to the top Receiving and depositing money Receiving money into your account from the UK Summary of fees, rates and charges Free of charge to receive £ Sterling into your account. Receiving money into your account from outside the UK Summary of fees, rates and charges At this stage we can only receive money into your account in £ Sterling or Euro. If you receive Euros into your £ Sterling denominated account we will apply the real exchange rate and add a 2% conversion fee. There is no charge for receiving Euros into your euro account, or receiving £ Sterling into your GBP denominated account. Depositing money into your Account through the Post Office counter service Summary of fees, rates and charges We will charge you the following fees to deposit money into your account using the Post Office counter service: Deposits of up to £1000: £3, and: Deposits of £1000 and above: 0.3% of the amount deposited. Back to the top Cash withdrawals Cash withdrawal in £ Sterling in the UK Summary of fees, rates and charges We will not charge a fee for withdrawing £ Sterling from ATMs in the UK. If you withdraw cash using the Post Office counter service, we will charge you £0.50 per withdrawal. Please note our cards do not work at Link cash machines. Cash withdrawal in foreign currency outside the UK Summary of fees, rates and charges We will not charge you a fee for withdrawing cash in foreign currency outside the UK. However, the Mastercard exchange rates will apply to any such withdrawal and you may also be charged a fee by the local ATM provider. Back to the top Debit card payments Debit card payment in £ Sterling Summary of fees, rates and charges We will not charge a fee for making a payment in £ Sterling, whether in a shop, online or over the phone. Debit card payment in a foreign currency Summary of fees, rates and charges We will not charge a fee for making a payment in a foreign currency. However, if you choose to make the payment in the foreign currency, the Mastercard exchange rates in force from time to time will apply: If you choose to make the payment in £ Sterling, the merchant will apply their own exchange rate and may apply their own fees. Back to the top Additional services Replacement debit cards within the UK Summary of fees, rates and charges We may charge you a fee of £5 for each replacement debit card and the replacement debit card will be delivered to the UK address we hold for you at the time. Replacement debit card overseas Summary of fees, rates and charges If you lose your card or it is stolen while you are overseas, we may charge you a fee of £60. Certifying documents Summary of fees, rates and charges We may charge you a fee of £20 for certifying documents relating to your account. Back to the top Do you have a personal account with Starling? View our personal fees, rates and charges. *EAR means Equivalent Annual Rate. This is a representative interest rate that shows what you would pay if you go into your overdraft facility and remain overdrawn for a year. Interest is accrued daily, charged monthly and it is all updated in your app and online banking. *AER means Annual Equivalent Rate. This is the rate of interest a saver will receive over a year assuming the credit balance is left in your account for the full year. Join Britain’s Best Bank Download the Starling Bank app and follow the simple on-screen steps to apply for an account in minutes. Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. Phone Number Text me the app Our Privacy Notice sets out how the personal data collected from you will be processed by us. 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