Starling Bank launches Bills Manager for small businesses

The bank launched the money management tool for personal accounts last October.

Image source: Starling Bank.

Starling Bank is now offering its ‘Bills Manager’ feature to small businesses to help them streamline their finances.

The new feature will allow small businesses to have a direct debit or standing order taken from money put into ‘Savings Spaces’ rather than from their main account.

Payments automatically sync up with accounting tools Xero and FreeAgent, provided through the Starling Marketplace, as well as the bank’s bookkeeping Toolkit.

This will enable businesses to keep track of incomings, outgoings and VAT all in one place.

“Our small business customers requested this feature, so we’ve delivered,” Starling chief banking officer Helen Bierton said.

“Uptake of Bills Manager has been strong among our personal current account customers and we’re confident it will help hundreds of thousands of small businesses better manage their money too.”

The tool was launched to personal current and joint account customers last October, and is now available for free for all small businesses and sole traders.

‘Bills Manager’ operates within the ‘Savings Space’ within the app, where customers can choose which direct debits or standing orders they want to pay from each ‘Space’.

Starling Bank recently reached 3m users and currently has more than 450,000 UK businesses.