Leading UK digital bank Starling Bank has added a new feature for its users by enabling “Bulk Payments”. The new service is designed to support payroll, supplier payments or employee expenses and more for firms using Starling business banking. The new service is a subscription-based product.
Starling states that small businesses in the UK account for 48% of employment and 36% of turnover in 2021. The new feature is designed to save business owners time.
The feature is available to UK business customers with GBP accounts through Starling’s Online Banking platform for £7 a month. Customers simply add the feature to their subscriptions within the app, log into Online Banking and complete a template with recipients’ details.
Helen Bierton, Chief Banking Officer at Starling Bank, stated:
“Four years ago, we welcomed our first business customers to Starling. Since then, many will have hired their first employee or freelancer, some will have grown into fully-fledged teams, and others will have become more established companies with hundreds of employees. Our Bulk Payments feature supports all these customers’ needs for making regular payments to multiple recipients, freeing up their time so they can focus less on banking and more on building their business.”