Re:N26 will be leaving the UK
by mprev on Wednesday February 12, 2020 @11:07AM
(#22309944)
Starling business accounts do allow cash deposits through the Post Office network but they're chargeable, like cash deposits on any business account I've seen.
Domestic ATM withdrawals are a cost for Starling as they have no network of their own; they're not even part of Link.
I'm not sure that the paltry interest they can gain from business deposits will be enough to make those accounts profitable (they just announced another £60m of funding this week).
I'm a relatively happy personal customer of Starling, so I'm not against them, but I do think it's a bit optimistic to say Starling's business accounts are profitable based on no evidence.
Domestic ATM withdrawals are a cost for Starling as they have no network of their own; they're not even part of Link.
I'm not sure that the paltry interest they can gain from business deposits will be enough to make those accounts profitable (they just announced another £60m of funding this week).
I'm a relatively happy personal customer of Starling, so I'm not against them, but I do think it's a bit optimistic to say Starling's business accounts are profitable based on no evidence.